2017 hailed as big year for movers and hirers
5th January 2017
In our last blog, we examined the results of a survey we carried out to 400 senior business personnel in Wales and the West. We asked them what would motivate them to seek pastures new and switch companies.
If you missed the blog, you can read it here. In short, the results highlighted company culture and management as significant motivators to move companies.
Apart from the culture and management findings, one of the potentially bigger surprises was the sheer number of people who said they’d be looking for a new position in 2017. Bear in mind that these are senior personnel.
53.03% say they WILL be looking
Of the 400 our survey polled, 53.03% indicate that they will be looking for a new position next year with a further 26.65% saying maybe. That’s a big number. And – fashionable though it is to blame Brexit for everything that needs an explanation – over 70% of our respondents say that it made no difference to their position about leaving their company. Once again, the motivating factors seem to be far more about company culture and management, than anything else – including pay, which only came in at 13.38%.
Interestingly, the job market looks set for a bumper year on 2017. Research by the Confederation of British Industry (CBI) carried out recently showed that 41% of companies expect to grow their workforces in 2017, compared with just 13% that believe their payrolls will shrink. The poll questioned 353 large and small businesses employing almost 1.2 million people, and found that the pace of jobs creation is likely to be highest in science, IT and construction.
What conclusion can we draw from these surveys? On the one hand, many senior personnel will be looking to move and on the other, lots of companies will be recruiting. Those businesses that are danger of “talent leak”, must be aware of it and take action to prevent calibre individuals leaving. The danger is that the eye may well be on the wrong ball with specialist consultancies like our able to provide calibre talent, only to find that some organisations are losing it at the other end.
But the opportunities are upon us. Growing companies will be hunting down talent. Savvy companies will be developing strategies to retain it. And with – according to our survey – 73.5% saying they will use a recruitment consultancy to seek out a new position – it may be a busy year for companies like ours, too.
As well as recruiting mid to senior level people for businesses, we work with companies to identify and address company culture issues to align talent with business strategy. If you think that you would benefit from this type of help, please get in touch and we will be happy to talk you through what we can do for you.
Our Survey – at a Glance
- 7.23% cite poor management or bullying including some specific age and gender bullying
- A further 9.09% would move for a better company culture
- Points (2) and (3) mean that 16.32% have issues with culture, management or bullying.
- 13.89% cite poor career progression as a reason.
- 53.03% say they WILL be looking for a new position next year with a further 26.65% saying maybe. 73.48% will use a recruitment consultancy to find one.
- Only 13.38 % are motivated to move for an increase in salary.
- Brexit resulted in little change in outlook = 71.46%.
- Pressures of modern work – work life balance, too much pressure, too many hours, travelling, culture & colleagues = 31.98%.
- Career Development = Career progression, greater challenges, career direction = 23.1%.
- Economic factors – Uncertain sector / industry, uncertain employer = 16%.