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Incentive & Motivation - 1 in 5 employees are already looking for a new job in January

Nearly half of the UK workforce (47%) will be looking for a new job in 2018, with nearly 1 in 5 people already actively searching for opportunities, according to new research produced by Investors in People (IIP) in their annual Job Exodus Survey 2018.

These findings highlight an improvement in satisfaction across the UK job market, representing a fall of 12% on last year’s figure, where 59% of respondents stated the intention to seek a new job. However, despite the reduction in the proportion of those considering a job move, there are still nearly 1 in 4 unhappy workers...

...Communication of remuneration packages is key

Employers who do not communicate total remuneration packages well to existing staff and interviewees risk jeopardising their organisation’s recruitment and retention potential. That’s the warning from GRiD, the industry body for the group risk protection sector (employer-sponsored life assurance, income protection and critical illness protection benefits).

GRiD research found that:

  • only a fifth of organisations discuss group risk benefits at interview stage, effectively downplaying the overall benefits package available to the candidate, and
  •  only a quarter of organisations make a point of issuing regular communications on group risk and other benefits to existing staff, therefore undervaluing the current workforce’s benefits package.

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If you are active in the group risk market and would be interested in gaining a greater share of voice and working more closely with your contemporaries in the industry please get in touch by completing this page.

Benefits of membership:

A STAKE IN POLICY

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

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