43% of HR professionals are actively looking to change roles, leaving employers facing skills shortages in 2016.
With 53% saying that career progression is the main motivation when looking to change roles, employers will need to focus on the potential for career development they can offer in order to attract and retain top talent.
With HR playing an increasingly prominent strategic role, investment in HR teams is growing, with employers raising salaries and bonus packages to attract and retain top talent.
Growing confidence among HR professionals, spurred by rising investment by businesses in their HR teams, is leading many of these professionals to actively search for new job opportunities.
“The profile of HR teams is growing as businesses come to recognise the pivotal role these staff members can play in improving overall staff performance," said Charlotte Matthew, Manager for HR recruitment at Robert Walters.
"HR professionals are aware of the high demand for their skills and they are prepared to move to secure the roles that best meet their needs.”
“Employers must address the priorities of these professionals in areas such as salary, work life balance and, in particular, career progression, if they wish to remain competitive in a market where candidates are in high demand."
HR PROFESSIONALS EXPECT SALARY INCREASES IN 2016 – BUT CAREER PROGRESSION KEY TO ATTRACTING TALENT
The research also revealed that HR professionals are highly optimistic about their prospects, with 90% expecting to receive a pay rise, and 63% expecting to receive a bonus.
However, salary is not the top priority for most HR professionals, with only 13% saying that they would be most likely to change roles for a pay rise. The same number said that they would be most likely to change jobs in order to secure a role with a better work life balance.
By contrast, 53% said that it would be the opportunity for more career development that would be most likely to encourage them to move to a new job.
“In order to remain competitive in a market where candidates are in high demand employers must recognise and respond to the desire for career development among professionals," added Charlotte Matthew.
“Employers must not underestimate the importance of making clear the prospects for career development in a role when looking to attract the best talent.”
About the Survey
The Robert Walters Pay and Bonus Survey questioned professionals on a range of compensation questions, including their pay and bonus expectations, their career plans, and how long they intend to stay at their current firm.
Access the full results of the Robert Walters Pay & Bonus Survey in PDF.
What is a competitive salary for HR professionals? Request a copy of our Global Salary Survey.
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