According to ManpowerGroup, a recruitment firm in the UK, a third of employees plan to change their jobs within the next six-month period.
The UK Global Talent Barometer reveals that even though 80% of employees feel their work is meaningful and purposeful, 34% are planning to search for a new job within the next six-months.
Nearly seven out of ten (69%) employees said they felt supported by their employer in achieving a work-life balance, as well as their wellbeing. 72% also feel aligned to their organization’s values and vision.
Nearly half (48%) of respondents reported feeling stressed daily. Manpower reports that the highest levels of stress are in IT (64%), real estate and finance (63%) and healthcare/life sciences (61%).
Transport, logistics and auto workers are the least likely to experience daily stress (43%), and they also report a good sense of wellbeing (71%), and satisfaction with their current salary (63%).
Just 30% of employees in the energy and utility sector reported being satisfied with their salaries.
More than 90% of other workers said they believed they had the necessary skills. Only 76% of the self-employed felt the same way.
Manpower’s study found that employees who have not been trained in skills for six months are less likely to remain with their employer.
A quarter of respondents felt they were at risk of losing their job in the next six-month period, while 24% said that they feared being forced to leave their current position.
Petra Tagg is the director of ManpowerGroup UK. She said that a sense of purpose in work was not enough to keep skilled workers.
The Talent Barometer shows that this is not a small group of workers.
Tagg said that employers are putting off hiring as they consider the Employment Rights Bill, and the recent budget announcements.
She said: “We are aware that the UK’s employment market is experiencing a recession in hiring and that businesses continue to have a difficult time finding the candidates they need with the necessary skills. Retaining skilled workers, therefore, is essential.”
It’s obvious that a retention strategy should provide employees with opportunities to grow in their role if they wish to avoid a difficult and expensive recruitment process.
Mexico workers, with 89%, derived the most meaning and purpose out of their work. In the Netherlands, almost three quarters (73%) of employees said that their work contributed to their well-being.
France has one of the lowest scores in terms of wellbeing, at 61%. This indicates that there are significant issues with work-life satisfaction and balance.
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