HR Industry News

Companies urged to improve retention strategies

— 20 August 2007 —

A study which has found that one in five workers are leaving their jobs to start completely new careers has prompted calls for UK companies to focus on their retention strategies.

The research conducted by a recruitment consultancy compiled information from exit interviews to find an alarming number of people having complete career changes.

Talent nowadays is more mobile and people might have expectations to move on to new jobs. By providing opportunities for personal growth and learning as well as challenging roles and recognition, these movements can be delayed. The best advice would be to keep communication channels open and ensure that the needs and aspirations of employees are understood and wherever possible, met.

Elanie Kruger, Head of Talent, Ceridian

It found that the main reasons people left their jobs was due to a lack of promotion opportunities and also their dissatisfaction with the company’s management.

Only 10% of people cited poor salary or general dissatisfaction with their job at their exit interviews.

A spokesperson for the company which conducted the research urged employers to implement or adapt their retention tools to retain workers as they had found a significant number of people changing jobs because they wanted a complete change of profession.

They said that employers need to look at the reasons why people leave their organisation and consider the retention tools available to them, adapting these to best suit their organisation’s needs.

They added that engaging in regular appraisals, providing training and development, and encouraging inspirational management skills are just some steps employers can take to hold on to their staff.

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