Bosses main reason for 2018 staff exodus as workplace blues hit

Bosses main reason for 2018 staff exodus as workplace blues hit

As the UK embarks on the miserable trudge back to the workplace, the new year is a good time for businesses to examine whether they’re the root cause of that misery, or whether they are a welcome escape from the self-induced cheese comas their staff are ready to shake off.

Whilst many firms may have spread the Christmas cheer at the end of 2017, making the January blues a little less testing, almost half of UK workers (47%) plan to change jobs this year.

The research by Investors in People (IIP) found that 18% of staff are actively looking for a new role and one quarter of workers are unhappy in their current role.

Just under half (49%) say the main reason for jobseeking is bad management, a seven per cent increase on the previous year. Bad bosses come ahead of pay, which was voted as the top reason for moving by 40% of participants and feeling under-valued (39%).

Separate research by totaljobs confirmed that poor leadership could fuel a 2018 exodus as 67% of staff admitted to not feeling 'valued' by their bosses. 58% said they received no extra training in the past year.

Paul Devoy, Chief Executive of Investors for People, said it was vital for management strategies to evolve to meet the demands of employees. “In a year where unemployment has reached its lowest level since 1975, but wages have stagnated, the improvements to the labour market have failed to translate to the pockets of UK workers,” he said.

“With research suggesting that employee disengagement costs the UK economy £340billion annually, bad leadership is eroding UK productivity,” he added.

Not only does poor management contribute to low retention rates, it can also impact employee mental health. According to a study by the University of Manchester, a bad boss can increase the risk of clinical depression or lead to employees engage in bullying behaviours.

Abigail Philips, a PhD student at Manchester School of Business and the study’s lead author, said in a statement: “In short, bad bosses, those high in psychopathy and narcissism, have unhappy and dissatisfied employees who seek to ‘get their own back’ on the company.”

However, this doesn’t mean that bosses can’t improve themselves. To see a list of the traits UK employees deem most unpleasant in their managers – and what they should do about it – click here.

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