Across the board, retention seems to dip once employees have spent more than three years at an organisation. This correlates directly with satisfaction levels. Our survey revealed that 22% of professionals state that their needs are met within the first year of employment, with this dropping to around 10% at the three to four year point.
Candidates who have been with their current employer for less than one year cited better career opportunities (35%) and better money prospects (16%) as some of the main drivers for relocating to a new role.
However, there was a notable shift in mind-set for candidates who have been with their current employer for three to four years as almost 70% stated that a better lifestyle would be the main reason for a job move, followed by better career opportunities (17%) and the opportunity to be closer to friends or family (17%).
Interestingly, almost no candidates who had been with their current employer for three to four years stated that a job relocation would be driven by salary - suggesting that companies do a good job of remunerating candidates who have given over three years of service.
Hiring for Investment
2022 has proven to be a record-breaking year for tech-focused VC investment in the UK, with +£12.4bn raised to date. Building on the successful release of our ‘Guide for UK Start-ups’, Robert Walters have produced a follow-on report, in partnership with Beauhurst, aimed at supporting leaders, investRead More
Attracting the right talent: meeting candidate demands
Are UK firms meeting changing candidate demands? Over 30% of UK professionals state that their current employer is not meeting their expectations in the workplace, despite companies believing their perks, retention strategies and hiring process are in-line with what candidates want. The latest reseaRead More
How are jobseekers looking for new roles?
In our Solving the UK Skills Shortage research, nearly half of candidates highlighted a frustration with recruitment processes taking too long. Interestingly over a third highlighted that they couldn't find a company they wanted to work with. This shows that businesses need to do more in their attraRead More
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