Job exodus trends2016 employee sentiment poll

2016

The annual Investors in People employee sentiment poll reveals major trends across the UK workforce. By tracking the likelihood that people are looking to move jobs, the reasons for doing so, and the most attractive benefits that employers offer, this report helps organisations retain and recruit the best.

Because good people make a great business.

@IIP

www.investorsinpeople.com

/InvestorsInPeople.UK

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

Trends

Attrition 1 in 5 employees are actively seeking

a job and looking to move in 2016

Confidence 1 in 4 employees feel the job market

has improved over the last 12 months

Unhappy 1 in 3 people are unhappy

in their current job

As the economy improves, and pay levels rise, employers are at risk of losing valuable skilled people who feel the grass is greener elsewhere. Our poll reveals that staff continue to feel unvalued in their work and poorly managed, leading to unhappy, unsatisfied workers. UK businesses could be looking at a Job Exodus Timebomb in 2016.

Paul Devoy Head of Investors in People

5%

21%

20%

23%

31%

49%

51%

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

*Based on total number of employed people in the UK in November 2015 and the % who said they were looking to move jobs www.ons.gov.uk/ons/rel/lms/labour-market-statistics/november-2015/sty-labour-market-statistics--november-2015.html

Workers are getting itchy feet15.3 million* people, or 49% of UK staff, are considering moving jobs in 2016. Our poll of 2000 employees reveals ongoing dissatisfaction over poor management and a feeling of being unvalued in their jobs.

As the economy improves, employers are running the risk of losing valuable skilled staff if they don’t address these concerns.

Are you considering moving jobs in the next year?

19%

30%

51%

5%

21%

20%

23%

31%

If you are considering a move, are you currently job seeking?Yes, I am actively job seeking

I am not yet actively job seeking

Yes

No

19%

30%

51%

5%

21%

20%

23%

31%

Do you feel the job market has improved?

Yes I feel it has improved significantly

Yes I feel it has improved slightly

I think it has stayed the same

No I think it has got worse

I don’t know

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

Who is saying it?

% of people who are unhappy in their current roles

% of people who are very happy in their current roles

Unhappy league table by geography

Happy league table by geography

The UK paints a varied picture in terms of job satisfaction across the country. These are the

regions at the bottom of the unhappy league.

Headline statistics:

26%believe the jobs market has improved in the

last year. 18-24 year olds are the most optimistic, with 34% seeing an improvement.

Information technology is the most at risk sector with 58% of employees thinking about changing jobs, followed by health and social care (57%).

Businesses in the West Midlands, London and Scotland fact the biggest staff exoduses, with over half the employees

in each region considering a move.

Pay (27%), Lack of career progression (23%) and the hours worked (19%) are the three biggest gripes for workers across the UK.

The one thing (other than a payrise!) that employers can do to make increase overall happiness, according to employees, is ‘say thank you more’.

THANK YOU!

13%Northern Ireland

10%East Anglia

11%South West

31%Scotland

32%West Midlands

32%Yorkshire and

the Humber

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

Jobseeker outlookWhat does 2016 look like for jobseekers? As the economy recovers we are seeing strong positive signals for staff looking to make their next move. For August to October 2015, 73.9% of people aged from 16 to 64 were in work, the highest employment rate since comparable records began in 1971. The unemployment rate for August to October 2015 was 5.2%, down from 6.0% for a year earlier.

73.9%Employment rate

(August to October 2015) up 0.4 percentage points

from May to July 2015 (Monthly)*

5.2%Unemployment rate

(August to October 2015) down 0.3 percentage points

from May to July 2015 (Monthly)*

747,000Vacancies

(September to November 2015) up 2,000 from June

to August 2015 (Monthly)*

*UK. ONS: 16 December 2015

Poor management

Not feeling valued

Pay

Not enjoying the work itself

No career progression

The hours I work

Lack of training or development opportunities

Not feeling like I’m making a difference

Lack of authority and leadership

Not getting on with colleagues/management

Lack of benefit

Other

43%

39%

38%

34%

29%

23%

22%

20%

18%

15%

15%

7%

Headline statistics:

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

Why are people looking to move?It’s important to understand the key drivers behind employees’ motivations. Poor management continues to top the table as the main reason for employees being unhappy in their role. In sharp contrast to previous years, more people are saying they feel unvalued in work, pushing ‘pay’ down to third place as a reason they are unhappy.

What are the main reasons for you not being happy in your job?

Since 2015 we have seen some major shifts in job satisfaction and the feeling their skills will be more valued elsewhere. 38% feel they will be more valued by another employer.

Poor management is the main reason for unhappiness amongst staff, cited by 43% of employees, followed by not feeling valued (39%) and pay (38%).

are unhappy in their current roles

feel they will be more valued by another employer

29%

38%

88

www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

What can businesses do to keep and attract the best?

Our poll revealed the top considerations for prospective employees are:

64%Competitive pay

63%Work enjoyment

36%Having a good

employer reputation

39%Good benefits

Female Male

What do employees like most about their current jobs?

Working with a good team

Flexible working

Enjoyable work

The pay

36%

32%

30%

29%

The Pay

Enjoyable work

Flexible working

Working with a good team

33%

32%

30%

27%

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

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Job exodus trends – 2016 Employee sentiment poll

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www.investorsinpeople.comJob exodus trends – 2016 Employee sentiment poll

MethodologyA poll of 2000 employed individuals in the UK was carried out between 26 November 2015 and 2 December 2015.

For more information about this survey, or to access additional data sources and press information, please contact press@investorsinpeople.co.uk or call 0300 303 3033.

About usInvestors in People is the Standard for people management. The international Standard defines what it takes to lead, support and manage people well for sustainable results.

Investors in People works with thousands of top businesses across the country, from Allianz Insurance, McDonald’s restaurants, to Brompton Bikes. With a community of 14,000 organisations across 75 countries, successful accreditation against the Standard is the sign of a great employer, an outperforming place to work and a clear commitment to sustained success.

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@IIP

www.investorsinpeople.com

0300 303 3033

/InvestorsInPeople.UK