Major Chunk of UK Senior Managers Planning to Quit Jobs

Steven Bobson, Europe & Americas Editor
November 11, 2010 /

The largest companies in UK are at a risk of losing half their senior managers as a lot of them are actively involving themselves in looking for a new career.

Many senior managers are planning to quit after the economic stability returns.

The Agile Leader study, an independent management consultancy, has published a report that has looked into the views of senior managers of UK’s top 500 companies.

62% of the respondents to the survey said that they are dissatisfied with their current roles.

57% of those surveyed said that they are unhappy with their employers.

43% of the respondents, that is nearly half, have said that they were presently looking for a job outside their own organizations.

The report also revealed that 29% of the respondents are planning to quit their organization in the next year. This figure has risen 54% since the past two years.

56% of those surveyed said that they wouldn’t have minded leaving their current jobs last years if they had found an appropriate opportunity.

12% of the senior managers said that they have already accepted another job.

The report also highlighted the fact that the current downturn in the economy is the reason that is holding the executives back. 43% of those surveyed said that the current economic instability is making them stay put in their current jobs.

The survey has showed that nearly half of the respondents feel that the organizations they work for have lost the ability to hold on to talent as the economy improves.

Nearly a third of the respondents said that they would take up a job overseas if the right opportunity came along.

Sarah Hunter, who is the Account Director at Berkshire Consultancy, which published the report, said: “Those companies that are already struggling risk losing critical talent just when they need it the most.”

 

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