Video Arts, 25 November 2004
Employee turnover will soar in the New Year according to a survey commissioned by Video Arts, corporate training firm, with 1 in 4 employees planning to leave their jobs in January.
In addition, the survey shows that businesses should be most wary of their 18-24 year old employees, by far the most restless age group with over a third (34%) planning to change their job in the New Year.
A quarter of those working believed that January was the most likely time they would leave their role to make a fresh start. 1 in 7 (14%) employees surveyed stated that they are most likely to leave after a Summer break, when feeling most refreshed and over 1 in 10 (11%) plan to hand in the letter of resignation around Autumn before the lead up to Christmas.
Martin Addison, Director, Video Arts said:
“January can be the catalyst which encourages people to take action in terms of their career. Effective managers need to be able to recognise the warning signs, so they are able to stop their best staff from leaving and limit the time and cost to their business.”
Tracy Flowerday, of recruitment consultants Badenoch & Clark, added:
“We would expect the New Year to be a busy time for the recruitment industry. There are many different reasons why employees might want to leave their jobs and, contrary to popular belief, money isn’t usually top of the list. In fact, stress, feeling undervalued and boredom feature most highly.”