The number of employees who are looking for a new job has reached a two-and-a-half year high, while job satisfaction is also at its lowest level in two years, a survey by the CIPD has revealed.
The CIPD/Halogen Employee Outlook, which surveyed more than 2,000 people, found that almost a quarter of employees are currently looking for a new job, up from 20 per cent in autumn 2015. This is the highest level since autumn 2013, when 24 per cent of respondents said they were job-seeking.
Net job satisfaction has also decreased substantially since last autumn, from a net score of +48 to +40. Although job satisfaction was found to have dropped across all areas of the economy, the private sector fared worst, declining from +50 to +41.
While 33 per cent said their organisation can fulfil their career aspirations, 36 per cent said this is 'unlikely' or 'very unlikely'. And while 44 per cent believe their organisation provides opportunities to learn and grow, 30 per cent disagree.
There has also been an increase in the proportion of employees who believe they are over-qualified for their role, which now stands at a third compared to 29 per cent in autumn 2015. Women and part-time workers are most likely to feel over-qualified.
Another area of dissatisfaction for some is around performance management systems. While more than two-fifths of employees believe their organisation's approach to performance management is fair, almost a fifth said it is 'somewhat unfair' or 'very unfair'.
To help boost job satisfaction, McCartney said employers should focus on development and redefine their approaches to career progression. "They have to be more creative because often there aren't those traditional, hierarchical paths available within businesses. They have to ensure line managers are having regular one-to-one conversations about development, but also longer-term career conversations," she added.’ – CIPD blog