One in two Brits looking to change jobs in 2020
New research released today by leading UK job board Totaljobs and global employer brand specialists Universum, has revealed the cost to UK businesses as job-hopping Brits hunt for new work. With more than half of us (54%) looking to change jobs in the next 12 months, employees are spending an average of 1 hour 24 minutes a day being unproductive – costing up to £195 million each day to the UK economy in wages.
The research also found that 38% of workers are hoping to make a move in the next six months, with only one in ten of (10%) expecting to still work for the same employer in four years’ time.
An impact on workplace productivity
Almost three quarters (75%) of British workers acknowledge they are unproductive at work. When asked how their productivity could be improved, a quarter of people are calling on their employer to embrace flexible working, 1 in 5 (18%) believe a higher holiday allowance would help avoid burnout, and 17% believe remote working would increase their output.
However, 20% of workers cite feeling unchallenged in their current position as the cause for their unproductivity. Perhaps unsurprisingly, this doubles to 4 in 10 of those expecting to change roles in the next year, as they look for new challenges elsewhere. Moreover, once an employee hands their notice in and resigns, productivity drops by a further 20%.
Job satisfaction: more than a paycheque
Though the cost of low productivity will concern employers; for workers, money is not front of mind. In fact, two thirds of British workers would stay in a job they enjoyed rather than move for more money. For those intent on shifting jobs, the biggest drivers are career progression (30%), professional training and development (32%) and the feeling that their current roles and responsibilities are unlikely to grow (25%).
In addition to the steps businesses can take to successfully retain employees, the research established which businesses appear to be getting it right. Topping the list of the most desired places to work in the UK for workers in the business/economic background is Google followed by the NHS, which rose from fifth spot. Apple, Amazon and the BBC round out the top five.
The top employers for engineering, IT, humanities, social sciences, education, science, health and medicine and law are also available on universumglobal.com/rankings/united-kingdom .
For more information about Totaljobs visit www.totaljobs.com, for more information about Universum visit universumglobal.com.
Steve Ricketts, MD, Circle Recruitment: In the current market it’s becoming increasingly difficult to keep up with the demand to replace leavers and attract new talent as employers are pushed to make the recruitment process ever faster and more appealing to the applicant. Pairing up with an experienced recruiter enhances that process as it can give you access to a much larger pool of talent as well as a specialist who will pre-screen and shortlist the candidates for you.