Gartner’s latest Global Talent Monitor report, released yesterday, reveals UK business confidence was reported at an index score of 45.2 in Q3 2019 – down nearly 25 index points compared with Q3 2018’s index score of 60.1, and well below the global average of 51.7. 

The quarter also saw nearly 42% of employees report a high likelihood of staying with their organisation – significantly up on the same time last year when only one-quarter of employees were highly likely to remain in-seat. This stat coupled with a significant year-over-year decrease in active jobseeking behaviour – 36% in Q3 2019 compared with 51% in Q3 2018 – suggests confidence in the UK job market has evaporated.

According to the ‘3Q19 Gartner Talent Report’, people management ranked as the top reason employees decide to leave an organisation (35.2%) in the UK. This is followed by work-life balance (34.7%) and manager quality (34.1%). Compensation ranked as a lesser driver of attrition, with only 27.4% of employees reporting that as the reason they left their employer, significantly lower than the global average of 36.6%. Meanwhile, when considering a new job, work-life balance (59.5%), location (53.6%) and respect (32.7%) were the top considerations for UK employees.

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