New research reveals that two out of every five workers in Irish and UK companies are actively considering leaving their employer within the next 12 months.
Consulting firm Watson Wyatt's total Reward Survey found the main reasons given by employees for looking for a move include a lack of career development and promotion prospects, a poor working relationship with their manager and a lack of opportunity to be creative.
'This contrasts with the more politically correct reasons given by employees when they actually leave such as job satisfaction, better pay and better opportunities,' comments Raymond McKenna, head of total reward consulting at Watson Wyatt in Ireland.
'Rather than develop a retention strategy geared to these latter points, they may be more value in companies focusing their efforts on ensuring employees do not feel the need to look elsewhere,' he added.
The research also highlight that the key elements of reward which have the greatest influence on positive employee behaviours are the non-financial elements of a reward programme, such as career development and increased flexibility, as well as a pay structure truly aligned to performance.
