A third (36 per cent) of HR directors have seen an increase in staff turnover in the last three years, according to a study by Robert Half UK.
Boredom and frustrations with their current role or company (35 per cent), poor work-life balance (31 per cent) and stagnant career prospects (30 per cent) were the key reasons why employees chose to move on.
Firms are trying out different methods to reduce employee turnover including flexible working options (63 per cent) and competitive salary packages (45 per cent).
Phil Sheridan, senior managing director at Robert Half UK, said: “UK businesses are beginning to realise that they need to prioritise the implementation of effective retention strategies as their current efforts have been unsuccessful in addressing the underlying causes of voluntary staff turnover. At a time where the labour market is very competitive and highly-skilled employees are in short supply, organisations need to ensure they look after their staff.
“With the productivity agenda a high priority for business leaders, considering employee happiness and well-being will promote loyalty.”