Workforce churn escalates – Willis Towers Watson

Just over a third of UK employees say they are likely to leave their current employer in the next two years and rank salary as the number one factor making them consider leaving, according to research from Willis Towers Watson’s global workforce survey. Nearly half of employees are anxious about their financial future and only a half feel that their pay is fair.

A second survey from the firm shows an upturn in hiring; 30% of UK employers said hiring activity had increased in 2017 compared with the previous year and a similar proportion that employee turnover is rising.

Tom Hellier, GB practice lead, rewards, at Willis Towers Watson said:

‘As churn increases in the labour market, employers need to get savvier about what makes staff tick if they are to succeed in bringing the best people into their workforce and importantly go on to keep them in the business. Increased pay transparency through web sites like Glassdoor, coupled with mounting anxiety fuelled by headlines about stagnant pay growth has re-focused workers’ minds on their salary and whether they are getting a fair deal.’