The Employee Awards explained a combination of slow wage growth, low productivity and lack of capital investment and new technology have led to employees’ dissatisfaction.
A key factor was a lack of recognition from employers and managers. In fact, 90% of employees said that recognition was important to them, but 62% said they were hardly ever, or never, appreciated by their boss.
Separate research conducted by Investors in People (IIP) predicted 47% will be seeking a new job this year, with, once again, poor management being the biggest driver of discontent.
However, the percentage of people looking for a job declined since last year from 59%, the IIP said.
The top reasons for people wanting a new job were to get more work satisfaction (48%), more money (43%) or because they felt their skills were not being valued by their current employers (29%).
Meanwhile, only 23% of the respondents said Brexit would negatively impact their job security.
Paul Devoy, CEO at IIP, said that bad leadership is eroding UK productivity, as employee disengagement costs the economy £340m every year.
“With 49% of workers citing poor management as the main reason they’re considering looking for a new job next year, management strategies must evolve to meet the demands of employees if organisations are to retain staff,” he added.
The research also said that if employers wish to attract and retain staff, they must offer pay at a competitive level as well as ensure good quality, enjoyable work.