SME tech owners will be interested to learn that the majority of employees will hand in their notice because of work culture and bad management in the workplace.
The ISL Retention Report – Tech Scaleups 2019, revealed that of the 200 respondents who had left their role in the previous four months, 80% said the working environment was the key reason for handing in their notice.
Interestingly, 79% reported that their direct manager had a significant impact on their happiness at work, and 77% cited a lack of career progression as another major reason.
The report also found that 83% said that salary and rewards packages were important when finding another job and flexible working is high on their list of benefits, with 80% claiming this is major factor in their decision to leave a role.
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Email JaimeAlan Furley, director of ISL, commented on the recent findings, “Securing the best talent is pivotal for scaleups to deliver on their vision, yet 90% of STEM-based businesses struggle to recruit staff.
“The process of recruitment can be long and resource heavy, so once you have good talent you need to ensure you keep them.
“Our survey shows that for startups and scaleups they will be competing against higher salaries, potentially often from bigger companies, and so investing in their culture becomes more important than ever.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
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