THIS IS WHY VALUABLE PEOPLE ARE LEAVING THEIR JOB

Millions of workers left their job over the last year. Edenred commissioned a poll of over 2,000 adults to discover why.

What is the great resignation? There has been a recent trend in masses of workers resigning following the pandemic. The great resignation and quiet quitting trends that have been seen recently are forcing employers to look at staff retention differently.

The poll found that one in ten people had left their job of choice in the last twelve months alone while an additional 16 percent plan to leave their current employment in the upcoming year.

Nine in ten feel work/life balance is important to their happiness in a job, yet less than half believe their current company understands the importance of this. However, many believe that there is still room for improvement when it comes to financial wellbeing and mental health.

Eighteen percent of respondents agreed that their employer understands the needs of employees and thirty seven percent feel that their boss supports them in their progression. Two thirds feel that their employer supported them well through the last few months.

Almost a fifth of workers said that they had left their job out of choice in the last 12 months and 22 percent having done so in the past five years. As many as forty two percent said that they had raised their concerns with employers before choosing to leave. However, 30 percent said that nothing changed as a result which is disappointing to hear.

Forty Three percent of workers believe that there is currently a great resignation happening in the UK with a record number of people leaving their jobs. This could be due to a fifth of all respondents saying that they realised how short life is and therefore want to do a job they enjoy. The commute, outdated workplaces and a simple boring job were also among the top reasons why workers have left.

Among the top 30 reasons for workers leaving their job include working hours that don’t fit with commitments outside of work and management not being interested in staff wellbeing.

The results also showed that the seven year itch rings true when it comes to jobs. This was found to be the average amount of time people stay in a role before moving onto something else. 

The pandemic has also had an impact on the job market. Sixty four percent of those polled left their job earlier than planned due to the situation but one quarter of everyone surveyed admitted they have stayed at their current company longer than they wanted because of the pandemic. Four in ten know of someone, not including themselves, who left a job during the pandemic.

Alisdair Seenan, HR director at Edenred said: “It’s clear from the study that the job landscape is changing rapidly and it’s likely this will continue in 2022.

The top 30 reasons are a clear indication to employers about what they may need to change or improve in order to keep vital staff from leaving, particularly as results show many plan to leave their job in the next year.

We believe employers who invest time and resources to help employees deal with the challenges they may face in 2022, such as rising living costs and the pandemic continuing to disrupt the working environment, will attract and retain the best people.

Many employers stepped up their support for employees during lockdown with a greater focus on employee well-being and recognition

This research highlights further opportunities for employers to build on changes they have made to working patterns to retain good staff and help them thrive at work

It’s a golden opportunity for good employers to stand out from the crowd.”

To learn more about Edenred, click HERE.

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