Europe – Nearly half of workers aged 18-34 plan to quit jobs in the next year
Posted 21st March 2022 • Written by staffingindustry.com • • • • •
Nearly half, or 49%, of workers aged 18-34 in the UK and Ireland are planning to look for a new job in the next twelve months, according to research from HR software firm Personio.
The research, which surveyed HR decision makers and workers in SMEs across the UK and Ireland, found that 59% of younger workers (18-34 year olds) feel they’ve missed out on promotions they felt they were due. Furthermore, 66% feel the Covid-19 pandemic has held them back in their career, suggesting that serious concerns around their career development and progression are influencing their decision to move on.
Meanwhile, 70% of these workers say they haven’t received enough recognition from their employers on their performance over the pandemic, compared to 38% of those aged over 45.
According to Personio, despite the majority, or 64%, of HR managers reporting that retention is currently their biggest issue, the research highlights a ‘worrying disconnect’ between employers’ perceptions of what will encourage their employees to stay and the reality.
Workers aged 18-34 say they are increasingly looking for a more holistic approach to work, with 85% stating that a work life balance is more important to them now, and a further 88% increasingly prioritising care from their employer for their wellbeing.
When looking at the steps organisations and HR teams are currently taking to help retain their workforce, 19% are reviewing their employee experience and 29% are looking to improve work life balance.
Personio’s research also showed that 60% of workers aged 18-34 state remote working has affected their career progression, compared to 12% of those aged over 45.
Ross Seychell, Chief People Officer at Personio, said, “As businesses up and down the country battle with skills shortages, these findings highlight just how important it is for them to reconnect with their people, and recognise their efforts over the last few years. Especially those earlier on in their careers.”
“With young people feeling alienated and overlooked at work, HR managers and employers must understand more about their concerns and what they are looking for from the world of work,” Seychell said. “The bottom line is that if businesses fail to implement a holistic people strategy that meets the demands of their entire workforce, they will face the consequences of discontentment, and in the worst cases, an exodus of valuable young talent.”
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