One in three (33%) UK employees say they have not felt valued by their employer during the recession and would leave for another job if they could, found a poll of around 950 workers commissioned by PricewaterhouseCoopers LLP (PwC). Of those respondents who said their employer had shown appreciation for them in the downturn, 41% said they had no plans to leave as a consequence of this loyalty while just 23% said they would consider leaving regardless.
It’s resolution season and as a new decade of work begins and employees set about making career decisions, organisations must resolve to meet their employees’ expectations and needs or risk losing them to a competitor when the job market picks up, according to PwC.
Michael Rendell, partner and leader, human resource services, PricewaterhouseCoopers LLP, commented:
“As the long-term impact of people management decisions taken during the downturn begins to be felt, the winners and losers of the war for talent are starting to reveal themselves - with those who continued to focus on investment and employee engagement emerging as clear leaders. Those who continued to offer their employees new opportunities and invested in their people pipeline are now at a competitive advantage.
“Some of the UK supermarkets are a great example of where brave people management decisions have paid off to help them secure the next generation of leadership cadre and pick up top-performers at all levels from different industries. Other companies appear to have panicked and made decisions based on short-term gain that will have long-term repercussions for their people pipeline and their future prospects.”
For those workers undecided about what the future of work holds for them, PwC has launched a short online quiz – Where will you be in 2020? - designed to determine which ‘world’ of work they are best suited to: www.pwc.com/managingpeople2020