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SAVE YOUR STAFF

Lack of career progression is the main reason people decide to change jobs, according to recent survey we conducted. We asked over 600 candidates why they were looking for a new job. The ten most common reasons given were:

1.    Lack of career progression
2.    Seeking new challenges
3.    Salary
4.    Lack of training or development opportunities
5.    Poor management
6.    Too much stress
7.    Travel time too great
8.    Seeking to specialise in a particular field
9.    Poor work/life balance
10.   Office politics.

With the current tight labour market pushing retention to the top priority for employers, we hope these results will help employers in their formulation of retention strategies.

“In a candidate-tight market retention is more important than ever,” says Jacky Carter, Director of Hays. “By identifying the common reasons people decide to look for a new job, businesses can focus on preventative strategies to work towards keeping their existing talent.

“As our survey shows, a big part of this is giving staff room to grow and develop their careers within the business. Linked to this is the importance of providing new challenges to staff as many candidates surveyed said they felt stale or bored in their current job and felt they were not going anywhere in their role,” said Jacky.

“A lack of training or development opportunities was also a high factor, ahead of work/life balance and stress. Poor management was also a key reason for leaving a current job, with lack of direction, little empowerment or lack of recognition from management common complaints.

“Unsurprisingly, salary was a high factor although it is not the main motivating factor for candidates seeking to change roles,” Jacky said.

612 candidates were surveyed.

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