The most surprising-yet-unsurprising nugget here is that “…the majority of those considering quitting had been offered no incentives to stay by their employers.”
📰📰NEW STUDY: How to Solve the Labour Market Crisis by Raising Standards
Labour shortages are a principal risk to many businesses and things are set to worsen.
What can firms offer workers in order to retain them?
— Autonomy (@Autonomy_UK) November 1, 2021
The key findings are that 41% of those surveyed were considering leaving their job in the next 12 months.
The main reasons cited for this were dissatisfaction with low pay, long working hours and poor mental health. As you would expect, a pay rise, shorter working hours for the same pay, and better in-work benefits such as holiday pay and pensions would stop them from resigning.
All of this is all the more surprising-and-yet-unsurprising when you read that PIRC thinks that labour shortages or staff retention are the principal risks to three-quarters of the largest companies listed on the London Stock Exchange, with a collective global workforce of 4.5 million.