Are you struggling to retain good employees or do you find that they are being recruited by competitor companies?
We recently conducted research with pharmaceutical professionals, job seekers and hiring managers from the top pharmaceutical organisations which showed that 56% of participants of the survey would be looking for a new role in the next 6 – 12 months with 30 % unsure and only 14% saying they would not.
If you are an employer in this industry then according to these results it is highly likely that your staff move on after a certain amount of time and that you would like higher levels of staff retention.
This survey revealed some thought-provoking points as to why employees move on and what you can do to keep them. Whilst this survey relates particularly to the pharmaceutical industry the principles relate across all industries, take a look at the results here:
What keeps staff in their current roles?
The survey revealed the top 5 reasons why professionals stay with their current organisations in order of priority:
- Good relationship with colleagues
- Good salaries
- Stability in role
- Career progression and new projects
- Overall trust in the organisation
Why good staff move on:
The top 5 reasons why the majority of participants had moved recently are:
- They reached a glass ceiling
- Used their current role as a stepping stone to progress.
- Expected to move
- Move on to a new development project and needed a new challenge
- Received a change in responsibilities without being consulted or rewarded.
Potential remedies to staff retention:
In view of the above results, here are 5 potential remedies which overall would encourage staff to stay with your organisation:
- Provide internal opportunities for promotion, progression and new challenges
- Give staff the choice of taking on significant change in responsibilities
- Resolve internal friction between staff
- Take stock of staff morale
- Provide a fair salary for work undertook