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Employee exit plans on the rise as a quarter look to leave current role, study finds

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Summary

A quarter of the UK workforce is expected to change jobs in the next 12 months, according to a PwC survey of 53,912 employees. The same survey found that 21% of respondents were not satisfied in their current role, and 34% were planning to ask for a pay rise. HR teams need to focus on delivering better career development and engaging with staff to understand what they want in order to retain employees and increase productivity. AI is also a concern for employees, as only 19% believe it will increase their productivity and 17% believe it will create opportunities for them to learn new skills. HR teams must become AI-savvy in order to ensure ethical and unbiased AI implementation.

Q&As

How many UK employees are expected to change jobs in the next 12 months?
Almost a quarter (23 per cent) of the UK workforce is expected to change jobs in the next 12 months.

What are the factors causing employee dissatisfaction?
Factors causing employee dissatisfaction include not being allowed to apply skills that are important to their career, not being paid enough, and economic uncertainty.

How can HR teams focus on delivering an employment experience employees won't want to leave?
HR teams can focus on delivering better career development and engaging with staff to understand what they want via surveys.

What percentage of UK employees believe AI will increase their productivity?
Only 19 per cent of UK employees believe AI will increase their productivity.

What are the benefits of investing in programs that focus on wellbeing, flexible working and career progression?
Benefits of investing in programs that focus on wellbeing, flexible working and career progression include employee loyalty, increased productivity, and advocacy.

AI Comments

👍 This article highlights the importance of HR teams in understanding employee dissatisfaction and responding with innovative solutions.

👎 The PwC report found that many UK employees are feeling uncertain about the impact of AI on their jobs and lack knowledge about how to get AI-savvy.

AI Discussion

Me: It's about how a quarter of the UK workforce is expected to change jobs in the next 12 months, and how there is significant dissatisfaction with current work and wariness over AI. The article goes on to discuss how HR teams need to use knowledge of labour market difficulties and employee dissatisfaction to drive a focus on providing an employment experience employees won't want to leave.

Friend: That's really interesting. It seems like HR teams need to focus on providing better career development opportunities and improving employee engagement and satisfaction. It's clear that employees are not satisfied with their current roles, so HR teams need to find ways to address this issue.

Me: Absolutely. The article also mentions that employers need to get creative in how they manage employee dissatisfaction, such as investing in programs focused on wellbeing, flexible working, career progression, and more personalised benefits. Additionally, HR professionals need to be more knowledgeable about AI and its implications, as it appears there is a disconnect between the workforce and HR when it comes to this technology.

Action items

Conduct surveys to better understand employee dissatisfaction and what they want from their job.
Invest in programs that focus on wellbeing, flexible working, career progression, and personalised benefits.
Educate HR teams on the ethical and unbiased implementation of AI in the workplace.

Technical terms

Employee Exit Plan: A plan that outlines the process for an employee to leave their current job.
AI: Artificial Intelligence.
ONS: Office for National Statistics.
HR: Human Resources.
EDI: Electronic Data Interchange.
L&D: Learning and Development.
Harassment: Unwanted or inappropriate conduct that creates an intimidating, hostile, or offensive environment.