All I want for Christmas is a new job, say managers

Dec 19 2006 by Nic Paton Print This Article

A fifth of British managers are unhappy with their lot and plan to move jobs next year, according to a new poll.

The survey by the UK-based Chartered Management Institute, which was unveiling its predictions for 2007, found 21 per cent said they planned to change jobs in the next twelve months.

This was almost double the 12 per cent national labour turnover figure for 2006 reported in a National Management Salary Survey published by the CMI earlier this year.

More positively, more than a third of the 648 managers polled also said they intended to undertake training courses and further education during 2007, while 14 per cent said they planned to learn a new language.

Overall, most managers believe 2007 will be a good year for business, despite fears over inflation, interest rates and rising costs.

Jo Causon, director, marketing and corporate affairs at the Chartered Management Institute, said: "There are clear warning signs to employers that their staff do not want to sit still and is vital that this message is understood if UK organisations are to recruit, retain and benefit from the best talent available."

The CMI survey has come as eight out of 10 City firms have predicted they expect major problems when it comes finding the right people to fill vacancies in 2007.

The poll by City recruiter Morgan McKinley forecast that strong market conditions and a skills shortage would lead to a fierce battle for talented financial workers next year.

And more than two thirds of senior HR managers believe the recruitment and retention of talent will be their biggest challenge next year.

A survey by consultancy Taleo found more than a third of HR managers saw employee retention as the biggest challenge moving into 2007, with similar numbers pointing to hiring the best talent as being their biggest headache going forward.