New graduate recruits are dissatisfied with their current roles, with over half intending to quit their jobs in the next two years, a new survey reveals.
According to the study by the Institute of Leadership & Management, employers underestimate the priorities – such as pay and work/life balance – of new recruits.
For the study, the institute questioned 1,900 managers and graduates about their career goals, salary, expectations and how they manage their current role.
The chief executive of the institute, Penny de Valk, said that such high levels of attrition should not be accepted by employers as the cost of recruiting graduates reaches almost £3bn every year.
He said: “Organisations put a lot of effort and investment into nurturing and developing their graduates in order to establish a pipeline of talent that will drive innovation, organisational effectiveness and competitiveness.
“However, a widespread desire among graduates to move on within a few years undermines efforts to manage talent effectively and promote the long-term success of the organisation.”
Copyright © Press Association 2011
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