|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Wednesday 24th of February 2010
February 23, 2010    

Growing number of resignations among managers

Bookmark and Share

by Kay Murchie
”Growing

A study by the Chartered Management Institute (CMI) has found that a growing number of managers resigned from their jobs in the past year, citing insecurity and restructuring as the reason for their departure.

According to the CMI, resignations grew to 4.7% from 4.5% of the workforce with 225,600 managers quitting their jobs in the 12 months to the end of January.

The CMI’s study, which questioned 200 organisations employing 43,200 staff, also found that companies were unable to persuade staff to stay, with requests for internal transfers, as an alternative to resigning, dropping to 3.6% from 5.8%.

In the meantime, the research found the average salary increase was 2.5% over the 12-month period, with huge discrepancies across the UK.

Managers in Scotland and the north east of England received an average increase of 3.2%, while those in East Anglia received an increase of just 1.2%.

Commenting on the findings, Ruth Spellman, chief executive of the CMI, said: “A year ago, employers were looking at job transfers as a way of halting growth of the dole queue.

“However, with the latest figures showing that staff are prepared to run the risk of unemployment by jumping ship, questions must be asked about employee engagement levels in organisations up and down the country,” she added.

Discuss this in the Finance Markets forums

Story link: Growing number of resignations among managers




Related financial stories to: Growing number of resignations among managers:
Previous: « BA cabin crew vote in favour of strike action
Next: Car production surges in South Korea »

Visited 225 times, 3 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , , , , , salary,