According to a new survey, 39 per cent of UK employees will quit their job if they don’t receive a pay rise in the next 12 months. Departures of this kind is estimated to cost the UK up to £360billion.
Salary exceptions are continuing to increase, 35 per cent of employees are confident they will be receiving higher pay. As for how UK employees feel about how their company’s business will perform in the next six months, most employees appear to be cautiously optimistic.
55 per cent of employees believe hat their company’s outlook with stay the same, 34 per cent believe their company’s business outlook will improve in the next six months and only 11 per cent believe it will get worse.
Jon Ingham, Career and Workplace Expert at Glassdoor said: “With around half of employees not expecting a pay rise and a third saying they’ll be looking for new jobs if they don’t get one, it seems like many employees are prepared to move on,”
“If these 12million workers are on the look out for better opportunities, expect this to spark a flurry of job moves, which is good for recruiters, but bad for employers’ bottom line.”
Furthermore, according to Adzuna, 52 per cent of Britain’s employees are unhappy with their rate of pay, feeling underpaid for the hours they work or duties they carry out.
More than half of British workers hoping for a wage increase in the coming year. While salary dissatisfaction levels were higher among male respondents than their female colleagues, women remained more confident of a pay rise in 2015, with 55 per cent of Britain’s female employees expecting an increase this year.