1st November 2013
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.
Source: OnRec. Published: 13th November 2013.