Implementing training, mentors and support could encourage employees to stay longerA new study has found that almost a third of new employees plan to leave their jobs within the first year which could lead to a “short-termism” epidemic in the workplace.
The research by the Institute of Leadership & Management (ILM) also revealed that six in 10 new employees also didn’t anticipate being at a company after three years of employment.
Although 73 per cent of new recruits went through a “honeymoon period” where they said they felt “delighted” with their new jobs, 19 per cent said they were actively looking for new work.
Manager’s however seemed to realise the trend of low retention with more than half (53 per cent) of respondents saying that they expect the majority of new hires to leave after three years.
Head of research, policy and standards at the ILM, Kate Cooper, said: “Our research has shown that employers and their new starters are, on the whole, benefiting from what is being seen as a honeymoon period, where delight with the job is very high.
“The way to retain this new talent is to maintain that feeling of delight and ensure steps are in place so neither one of you lose that loving feeling.”
Having “accessible” line managers and mentors was suggested as a way to make employees commit to staying longer in a role.
Ben Willmott, head of public policy at the Chartered Institute of Personnel and Development, said: “The role of the line manager is key to whether people are more or less likely to stay or move on relatively quickly.
“Good line managers who invest time in coaching and developing their staff and who are able to spot potential and build on people’s strengths are also the ones who will have a better track record at getting the best out of staff and retaining key talent.”
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