Ryan FowlerThe Institute of Student Employers’ (ISE) annual Student Development survey has highlighted a concerning trend among employers who are witnessing a rise in graduates and apprentices departing roles, chiefly due to pay dissatisfaction.
This year’s report indicates a shift in the employment landscape with 51% of employers observing that better remuneration has become a dominant factor in entry-level staff turnover, showing an uptick from 40% in the previous year.
Stephen Isherwood, joint CEO of ISE, highlights the broader impact of economic pressures on the workforce, said: “The cost-of-living crisis still impacts students once they have found work… So, in a competitive market for talent more people are leaving for better paid opportunities. Employers are going to need to work harder to retain talent.”
