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44% of Irish employees are likely to move jobs in the coming 18 months

Written by Robert McHugh, on 16th Jan 2017. Edited on 17th Jan 2017 Posted in Ireland

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Almost half (44%) of Irish employees are likely to move jobs in the coming 18 months with career acceleration and professional development ranking above financial rewards and flexibility for both male and female talent considering a career move.

This is according to a recent survey conducted by talent management and recruitment consultancy, Fastnet. The annual Fastnet survey targeted more than 500 employees and employers across multinational organisations (47%), large indigenous organisations (12%), SMEs (19%) and self-employed (8%).

The Fastnet survey shows that a clear career development path in a role is very attractive and important to both male and female employees, ranking above better financial remuneration. However, men were far more likely to be motivated by a performance related bonus (34%) compared to women (16%). 

Multinationals were ranked as the most attractive workplace in Ireland.  More than double the number of employees would prefer to work for a startup company rather than work in the public sector and not-for-profit organisations.

From a gender diversity perspective, the Fastnet survey revealed that female employees are twice as likely to stay in a role compared to their male counterparts. Flexibility in the workplace is a key motivator for female employees, with more than three quarters ranking flexi-working hours and remote working as the number one factor when considering a new role, compared to only 23% of males.

Speaking at the launch of the survey, Company Co-founder and Managing Partner, Niamh O’Driscoll said, "The Fastnet survey reveals that when it comes to retaining skilled employees, employers need to invest in talent acquisition, pipeline and management. Of the employers surveyed, 77% said that employee retention was critical to their business, with over half stating that they would expect an employee to stay with their company for 5-6 years."

She added, "With 44% of employees expecting to move jobs in the year ahead, employers must understand the importance of attracting, developing and retaining the best talent."

Source: www.businessworld.ie

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