Lack of remuneration and recognition is the top cause of voluntary staff turnover, according to research by the recruiter, Robert Half UK.
Its research, which surveyed 200 HR directors, found that 40% of respondents cited poor pay and recognition as the major cause of turnover, 29% cited concern of their organisation’s performance or fear or redundancies, and 28% cited a poor work-life balance.
The research also found that voluntary staff turnover within UK organisations had increased significantly for 14% of respondents and somewhat for 35% of respondents in the last three years.
More than half (55%) of respondents felt that the reason for the rise in turnover was justified.
Phil Sheridan, UK managing director of Robert Half, said: “The UK economy is showing signs of expansion, with many organisations proactively looking for experienced professionals to fill business critical roles.
“This market movement is offering employees the opportunity to shop around for alternative employment, which is driving a positive appetite for new roles and increased competition.
“Employees are clearly no longer waiting for their own employment conditions to improve, with some employers still enforcing pay freezes, and instead are looking to improve on salary, working conditions and work-life balance within alternative organisations.”