Amidst a cost-of-living crisis, and global political unrest, UK employees are turning to their employers for a sense of security.
A comprehensive new survey by global advisory, broking and solutions company, WTW, found a majority (54%) of employees are choosing to stay with their employers, ending a period of intense job turnover and attraction and retention challenges for employers.
This is a significant change from 2022 when only 45% of employees were committed to staying with their employers. Moreover, only one-in-ten (9%) are open to offers now, down from a fifth (21%) who would welcome an offer in 2022.
Pay continues to be the main driver for both attraction and retention. In this year’s survey, employees cited pay (49%), job security (46%) and flexible work arrangements (38%) as the top reasons for remaining with their employer.
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