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13/10/2016
UK employees are more likely than their European counterparts to switch jobs in order to secure a relatively small increase in pay, according to research by ADP Research Institute. UK workers say they would leave their current role for a 10% pay rise, whereas the average amongst European workers prompting a decision to quit is 12%.
However, UK employers overestimate how much of a salary increase employees require to move jobs, believing the figure to be more than 11%. As a result, many employers are taken by surprise when workers leave, the research concludes.
Annabel Jones, HR director at ADP UK, said:
‘Inflation has risen rapidly since the Brexit vote last June. This means that UK consumers are suffering a sustained fall in living standards as the real wage falls further. This may well be why UK employees need a smaller salary increase to motivate them to change jobs.’