A recent survey conducted by Blackhawk Network (BHN) has unveiled a job exodus trend in the United Kingdom, with 73 percent of employees actively seeking new opportunities in 2024.
The study also highlighted widespread concerns about current employment among 90 percent of the UK workforce.
The research, based on responses from 1,000 employees across the country, sheds light on the discontent prevailing in the job market.
Only 20 percent of respondents expressed satisfaction and enjoyment in their current roles, while 15 percent admitted to feeling disengaged and apathetic towards their jobs or employers.
The survey delved into the factors influencing job dissatisfaction, revealing that 20 percent of those seeking new employment desire better rewards, incentives, or recognition from their current employers. Additionally, 23 percent are looking for improved benefits options.
The findings suggest a pressing need for employers to address these concerns promptly. The lack of clarity on where to begin is apparent, indicating that many leaders are struggling to identify effective strategies to boost morale.
Hybrid Working: Balancing Expectations
The research also explored the impact of hybrid working arrangements, with flexibility emerging as a top priority for 32 percent of respondents. Interestingly, flexible working locations were cited as a significant factor influencing the decision to seek new employment.
Despite the rise of remote work, some employers still value physical office spaces as a means to solidify company culture. The study found that 50 percent of employees would be motivated to work in an office with a pay increase, while 39 percent would be enticed by a four-day work week.
Recognition Matters: Building a Reward Culture
The importance of regular recognition in the workplace was emphasised, with 80 percent of workers stating that they feel more valued when receiving rewards from their employers. Two-thirds (67%) believe they should receive recognition for positive contributions at least monthly or more frequently.
Despite this, a significant gap exists between employee needs and employer provisions, as 43 percent of workers reported a lack of a reward and/or recognition program in their companies.
Chris Ronald, VP EMEA B2B – Incentives, Rewards & Benefits, BHN, commented on the findings: “Covid, hybrid working, and advancements in remote working tech have all contributed to a shift in employee behavior and their expectations. Employers must listen to their employees’ needs or they risk losing them.”
He emphasised the potential consequences of widespread job dissatisfaction, not just on an individual business level but also for the broader economy. Ronald urged business leaders to embrace the evolving work-life demands, fostering a culture where positive workplace behaviors are celebrated, and employees feel valued.
Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.
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