4.5 million workers could be on the lookout for a new job this year, making the war for talent even more fierce, according to research from Robert Half UK.
The poll of 500 business leaders across the UK found that almost three in five (61%) have experienced an increase in voluntary employee turnover in the last three years, and over half (51%) expect employee turnover to increase in the next three years.
The researchers estimate this means 4.5 million workers will be looking to move on, or roughly one in seven (14%).
“Employee turnover has significant consequences on workplace productivity and growth,” warned Matt Weston, Managing Director at Robert Half UK. “This means retention strategies are now business critical. With a hyper competitive job market, organisations must put staff first by constantly considering workplace happiness and well-being.”
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