New Year: New Horizons
ILM study finds one third of workers plan to leave their current job in 2016
- 32% of employees say they want to leave their roles in 2016
- Lack of progression is the number one reason people want to find a new job, with just over a quarter of saying it’s why they want to move on
- Financial reward is a low motivator, only 15% of people say they want to move to get a better salary
5th January, Just under a third of workers are planning to quit their jobs in the New Year, according to a survey of just under 2,000 employees conducted by the Institute of Leadership & Management (ILM)*.
Most workers want to move because of poor future prospects. 26% of those we spoke to said lack of opportunity is the main reason they want a new job. 17% say they are moving because they want more appreciation.
A quarter are so desperate to leave, that their current company could do nothing to keep them on. 27% of people say they wouldn’t stay where they are no matter what the company offered them.
In the last twelve months over a third of employees have been so fed-up that they have left without a new role to go to. 34% of those who left their jobs in 2015, did so without lining up a new job.
This is the second year in a row that ILM has found lack of progression as the main reason people want to move on. However, there’s been a 5% drop in the number of people planning to leave their jobs.
ILM Research Figures
Money is low on people’s list of motivations with only 15% saying they want to move on for a better salary.
Kate Cooper, Head of Research and Policy ILM said “The beginning of a New Year, is a natural point for people to start thinking about their future job prospects and there are many steps managers can take to respond to this. Our research indicates it is the opportunity to progress and not the desire for a bigger pay packet that is the main motivation in looking for a new job. Highlighting the progression opportunities that are available such as project leading, secondments and job shadowing will help demonstrate that there are development routes within the organisation. Ensuring staff feel part of the organisation and their achievements are recognised and appreciated will help to retain them and the talent the business needs”
Why workers are planning to move in 2016:
- More progression - 26%
- More appreciation– 17%
- Career change - – 17%
- Better salary – 15%
- More enjoyment - 12%
*Survey of 1968 people carried out in November and December 2015
For further information, please contact Hannah Mackenzie or Sian Blackmore at Four Colman Getty: Hannah.Mackenzie@fourcolmangetty.com / Sian.Blackmore@fourcolmangetty.com or 020 3697 4200
Kate Cooper, Head of Research and Policy at ILM is available for interview – please contact Four Colman Getty for further details or to arrange an interview
Notes to editors
The Institute of Leadership & Management (ILM) develops great leaders with the skills to make a difference at work. We believe that good leadership and management holds the key to organisational effectiveness and social and economic prosperity. Our community of over 25,000 practising leaders and managers gives us ongoing insight into the issues affecting the management community day-to-day, both in the UK and globally.
Over 1 million people in the UK have an ILM qualification and every year we help over 90,000 practising and aspiring managers to fulfil their potential and achieve success through a range of flexible and tailored leadership and management development solutions. Backed by an in-depth programme of research, ILM operates internationally, improving leadership and management skills, across all sectors and for different environments, from financial services to the armed forces.
We have worked with some of the UK’s leading businesses such as Greene King, Ralph Lauren and Specsavers.
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