The start of a New Year can spark many resolutions; to go to the gym more, eat less chocolate or even quit smoking, but for some, it is to find a new job.
In fact, more than half of Brits are considering finding a new job in 2020, an increase of eight per cent last year, new research has found.
According to a survey of 1,200 Brits by Investors in People, two in three (65%) of workers confessed that they go to bed on a Sunday night dreading returning to their job, reported Yahoo! Finance.
The number of people feeling unhappy in their jobs is also on the rise, increasing by 10% year-on-year.
It was revealed that around 24% were unhappy in their job at the turn of the year, with the same number actively seeking new opportunities, plus another 32% are considering looking for a new position.
Of the 1,200 respondents, 30% said that one of the main reasons they would seek new employment is earning more money. 23% cited not feeling valued and 22% wanted a better work/life balance.
However, when it comes to retaining employees and keeping them happy, 14% rated a simple thank you as being appreciated consistently for over the last four years.
“Six years into our job exodus research, we’re still hearing that people want to be told ‘thank you’ and one in four people are looking for a new job because they don’t feel valued,” said Paul Devoy, CEO of Investors in People.
“‘Thank you’, something so simple, so consistently important and potentially the best retention tool we’ve got.”
When it comes to retaining staff, a friendly workplace and supportive culture are key. For example, more than half of respondents said that having friends at work is important to them, while a quarter admitted to staying in a role because of their friendships rather than enjoyment.
47% revealed that they would prefer a friendly workplace than a three per cent pay rise.
(Credit to Executive Grapevine)
With it being such a busy month, companies can often be accused of dressing up job roles in the hopes of attracting more talent. However, honesty is always the best policy – for higher levels of retention you should just sell a job for what it is. Instead of exaggerating the role to attract the top talent, employers should make sure the role itself appeals to what candidates really want. In fact, 78% of employees say that job perks are a crucial part of accepting any role, with a good work-life balance becoming a priority. Employers are getting more creative in what these perks might be with anything from flexi-time to Netflix subscriptions.
With 2019 being such a successful, exciting year for the Caraires family, we thought we would take the time to share with you some of our personal highlights!
However, despite their increased position of power within a company, bosses should be held to the same level of welfare as any other employee – as they’re just as susceptible, if not more so, to succumbing to the same mental and physical well-being issues as their workers.
According to research, an oft-cited reason for high turnover figures is due to poor line managers. Gallup research found that 75% of employees had voluntarily left a company because of their manager. If employees feel like they aren’t valued or respected, and really given the opportunity to flourish at work then employees may feel leave for a more stimulating role at a competitor brand.