UK employees will be less likely to switch jobs in 2003 than in previous years, but they are looking to improve the quality of their working life in the short term, according to new research from Hewitt Bacon & Woodrow.
The study, conducted by the National Opinion Poll (NOP), reveals that only 12 per cent of employees plan to move from their current companies next year, compared with an average employee turnover of 18.2 per cent in 2001.
Surprisingly, although employees have decided to stay with their current companies, nearly two-thirds did not mention hopes of a pay rise next year, and 85 per cent are not expecting promotions.
Chris Noon of Hewitt Bacon & Woodrow said: "The research has revealed staff are not expecting great financial rewards in 2003. A long-term approach to planning has been rejected by most survey participants in favour of 'softer' goals, which relate to their working lifestyles."
Factfile: employee wish list
- Better benefits
- Avoid work-related stress
- Take more advantage of any learning opportunities available
- Spend more time at home or away from work
- Plan more for the future (retirement, school fees, other investments)
- Change working role within the company
- Join a pension scheme