Retention comes into focus as resignations grow

The 2010 National Management Salary Survey published by the Chartered Management Institute (CMI) and XpertHR, has shown that resignations have grown year-on-year, brining into question the effectiveness of employee retention methods in the UK.

There was a labour turnover rate 13.6 per cent, up from 12.4 per cent in 2009, while resignations were at 4.7 per cent, up from 4.5 per cent a year previously.

Employers are not succeeding in persuading staff to stay, with requests for internal transfers as an alternative to leaving dropping to 3.6 per cent from its 2009 high of 5.8 per cent.

Ruth Spellman, chief executive of the CMI, said: "A year ago employers were looking at job transfers as a way of halting growth of the dole queue.

"However, with the latest figures showing that staff are prepared to run the risk of unemployment by jumping ship, questions must be asked about employee engagement levels in organisations up and down the country."

Last week, the latest monthly pay intelligence survey by IRS, published by XpertHR, showed that the median pay award in the three months to January 2010 was zero per cent, putting extra pressure on firms'' retention plans. Back