The cost of losing a talented risk adviser can be a fair whack to your bottom line. But surprise resignations are increasingly common these days, as younger generations in general have a more individualistic take on work.
A new white paper by Robert Walters, The Exit Process: How to gain valuable insights to build a better work place
, surveyed hiring managers and professionals across Australia and New Zealand.
The results found 40% of professionals spend three to four years in a role, with many leaving because:
- They no longer felt challenged: 33%
- They have problems with a colleague or company culture: 27%
- They feel they have limited opportunity for growth: 26%
- They feel undervalued: 24%
- They feel underpaid: 22%
Interestingly, these figures conflict with the reasons employers think staff resign. The primary reasons, ranked by employers, were:
- Limited opportunity for growth: 42%
- Feeling underpaid: 30%
- Being headhunted by another organisation: 22%
And if you think that your star advisers will come to you to address their concerns before looking to jump ship, think again. While just over half of the professionals surveyed stated they would tell their current employer they were unhappy before searching for another role (52%), the results were close – with 48% saying they’d keep quiet.
Conversely, the overwhelming majority (95%) of hiring managers stated they encourage employees to come to them with their problems before beginning a job search.
Indicators an adviser is about to jump ship:
- Often late to work
- Increased number of sick days
- More time spent on personal emails, phone calls and websites
- Negativity towards their work or colleagues
- Focus on the short-term rather than any long-term.