Leaving Trends

Robert Half sees employee turnover up.

Leaving Trends

UK & Europe

Robert Half UK says UK businesses are facing increasing staff turnover. In fact, one in seven (14 per cent), or roughly 4.5 million employees, are likely to seek a new job, highlighting the opportunities available to candidates and the increasing war for talent amongst UK businesses.

Employers have registered this shift with almost three in five (61 per cent) reporting an increase in voluntary employee turnover in the last three years. The research also showed that over half (51 per cent) expect employee turnover to increase in the next three years. 

Yet many businesses still fail to employ basic retention initiatives. Only half (47 per cent) of organisations run training and development programmes to help build employees’ skills and support career development, while most don’t have any programmes in place to support employee wellbeing or reward performance. Organisations are also missing out on valuable insight from their departing employees, with more than four in five (83 per cent) failing to undertake exit interviews.

 

Employee retention initiatives*

 per cent of UK businesses

Training and professional development programmes

47 per cent

Employee wellness programmes

42 per cent

Employee appreciation initiatives

39 per cent

Regular performance reviews/feedback

38 per cent

Regular salary reviews

36 per cent

Flexible and/or remote working opportunities

36 per cent

Clear communication of company purpose/goals

32 per cent

Employee engagement initiatives

30 per cent

Exit interviews

17 per cent

*Multiple responses permitted.

“Employee turnover has significant consequences on workplace productivity and growth,” said Matt Weston, managing director at Robert Half UK. “This means retention strategies are now business critical. With a hyper competitive job market, organisations must put staff first by constantly considering workplace happiness and well-being.

"Employees are a company’s most important resource,” he continues, “regardless of its size or sector. Failing to keep them happy and motivated has a direct impact on retention and business performance. Businesses need to develop a strategy that incorporates staff wellbeing initiatives alongside career pathing whilst creating a positive company culture and clear sense of purpose."



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