Research from Indeed suggests that power is starting to shift from employers to employees, with half of workers on a salary of £60,000 - £70,000 admitting they look for a new job in their first month of employment
With the jobs market starting to regain its competitiveness, one can't blame people for keeping an eye on new opportunities. But research from Indeed will serve as a wake-up call to employers, revealing that half of workers in the UK earning £60,000 - £70,000 a year start looking just one month after being hired. It also found that almost two-thirds of workers, regardless of their salary, look for a new job in the first three months of joining a company.
Over two-thirds of the respondents to Indeed's Talent Attraction Study said it was important for them to be aware of the jobs currently on the market – whether they were employed or not – with almost half of workers saying they were subscribed to regular job alerts. A further 63% said that they actively search for jobs at least monthly, while 16% admitted that they search daily for new opportunities.
So why are people looking elsewhere so soon after stepping into a new role? While a quarter of respondents cited dissatisfaction with their current job as a reason for considering a change, just under a fifth said a feeling of discouragement or insecurity was to blame. A further 14% pinned it on a lack of recognition for a specific achievement at work.
Finally, the study revealed that 89% of jobseekers would consider joining a new company if they were offered the right incentives, regardless of whether they are happy in their current position. Good pay, a desirable location and the offer of flexible work hours were regarded as the top three motivators, while a third of respondents said the offer of meaningful work would convince to look elsewhere.
“As the UK employment landscape continues to pick up, power is shifting away from the employer and into the hands of the employee for the first time in several years," said Gerard Murnaghan, VP EMEA at Indeed. “It is more important than ever that employers and recruiters are in tune with the motivations, priorities and expectations of jobseekers. Being content in the workplace is not just a matter of having a good salary; staff want to feel that they are appreciated and wish to work within a supportive and motivating environment."
This just goes to show why keeping employees engaged from day one is so crucial.