According to CIPD, it is likely that many employers will start losing some of their most talented employees. This follows the positive outlook of the economy which has seen organisations start recruiting actively. The CIPD published the latest report that clearly shows that the demand for talented workers is increasing following a period of stagnation in labour mobility.
In a study named CIPD/Halogen Employee Outlook which had 3000 respondents who were all employees, 24% of these were actively searching for a new job in 2013 Autumn compared to the 20% in Spring 2012 and 21% in Spring 2013.
24% of the respondents were working in the private and voluntary sectors while 23% of these were working in the public sector.
Of those who responded, a quarter of them worked for organisations that had frozen recruitment. This is a reduction in the number considering that the number was 29% in Winter 2012 and 28% in Spring 2013. According to one of CIPD’s researchers, the increased labour mobility is due to reduced fear about job security.
The increase in labour mobility is a warning sign to employers to up their game in ensuring that they retain their top talent. Failing to offer employees opportunities for career progression and development would be the key to losing the best talent. Of the many reasons that cause people to look for a new job, job dissatisfaction tops the list, with 62% of the workers citing dissatisfaction as the determinant. Only 10% claimed they were satisfied with their job despite looking for a new one.
60% of the employees consider the opportunity to progress in their job position very important. However, 25% of the employees who responded said they had never had their performance reviewed at work.
According to the Halogen VP of Marketing, Donna Ronayne, businesses that fail to show how much they care for their employees through employee oriented talent management programs are likely to lose many of their top talent. For more info, visit: http://www.hrmagazine.co.uk/hro/news/1139693/top-talent-job-market-recovers-cipd-warns#sthash.s2gVZSO7.dpuf