We may only be a week into the New Year, but today marks the predicted job-hunting peak of 2013, according to new research from recruitment company Job Bounties As the first full working week after the festivities begins, an estimated 11.84 million people are expected to begin a new job hunt, in what has been dubbed National Job Hunt Day 2013. This is based on historical patterns 2008-2012, 2 in 5 people within the workforce look for new work or new jobs in January. For many companies who want to retain key staff this is not great news.
In fact, according to research by recruitment firm, Robert Half, 79% of UK HR directors are very worried about losing staff in 2013. The study of 200 UK HR directors found that respondents are very concerned about losing their top performing staff, while they believe that one in five of their employees will be looking for a new job. From the research, it is clear that HR directors understand the importance of staff, with the study saying that employees are the single most important commodity for organisations, and any loss in resourcing, particularly of a valued employee, can have serious consequences on growth and profitability.
Managing Director of Robert Half, Phil Sheridan, said: "The new year has always been a popular time for employees to move jobs, largely the result of resolutions coupled with annual bonus payouts. However, when businesses are able to maintain continuity among their teams, they are in a better position to navigate through the uncertain economic landscape and achieve success. Unfortunately, it's not always possible to retain your best and brightest. However, by making sure employees are happy, you can ensure that your company isn't hit with that mass exodus." Sheridan added
Attracting and retaining talent continues be top priority for organisations of all sizes and industries for 2013. It’s the difference between success and failure for many businesses. Recruiting the best is only part of the challenge - retaining these bright sparks is also key.
If your organisation is worried about retaining key staff in 2013 and does not have the big bucks to compete with other companies on pay related benefits, the good news is that pay is not actually the driving force for employees jumping ship. One of the key trends in recent years for a job change is employees seeking more flexibility and better work-life balance. In fact, many organisations today are watching employees leave for jobs with less income but greater flexibility.
So if you are worried about your key staff leaving in 2013, and don’t currently offer flexible working, it might well be a worthwhile and achievable New Year’s resolution for both you and your organisation.
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