Recruitment and HR Blog
Voluntary staff turnover increases as confidence returns to UK employment market
1st November 2013
Compared to three years ago, voluntary employee turnover within UK organisations has increased significantly (14%) or somewhat (35%), according to a survey of 200 HR
directors. New research from Robert Half UKshows that a net 49% -- nearly half – of UK HR directors say that resignations are on the rise, signifying greater employee confidence in the UK job market.
With more people now in employment compared to last year according to ONS figures*, UK businesses based in London and the South East are experiencing the highest
level of voluntary turnover, reported by nearly six in 10 (58%) HR directors. By sector, those employed in the public sector are most likely to tender their resignation, with half (50%) of respondents experiencing an increase in turnover compared to three years ago.
According to HR leaders within UK organisations, disgruntled staff are citing a lack of remuneration/recognition by their company as the primary reason for this
increase, with small businesses being worst affected (46%), along with those in the public sector (61%). Concern over company performance/fear of redundancies is the second highest (29%) reason for turnover, followed closely by poor
work-life balance (28%) and boredom with their current role/company (27%). Interestingly, over half (55%) of HR directors felt that the reason for the change in turnover was justified.