Half of property professionals thinking of quitting

Published on

Property recruiters Judd Farris has claimed that almost half of all professionals working in the property industry want to leave their jobs because of falling morale in the sector.

When questioned on their aspirations for the next six months, 48% of property professionals surveyed said they are looking to move roles.

67% of respondents ranked career progression as the most important factor influencing their choice to change jobs, followed by poor work / life balance (48%).

56% have not had a pay review since 2008, and of those who have had a pay review in 2010, 41% received no increase to their salary, with 5% taking a pay cut. Although 71% of employees qualified for a bonus, 64% said this was calculated at the discretion of the boss and not linked to salary.

Lisa Learoyd, managing director at Judd Farris, said: “Employers should be concerned that half of their workforce could be about to walk out of the door. With the property industry showing signs of increasing recovery

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Atom bank shaves Near Prime rates

Atom bank has announced a fresh round of rate reductions across its Near Prime...

ModaMortgages cuts rates and launches new HMO & MUFB products

ModaMortgages has announced a reduction in rates across its buy-to-let product range, with cuts...

The Loughborough ups later-life interest-only LTV to 70%

Loughborough Building Society has increased its maximum loan to value (LTV) to 70% for...

FCA seeks to reduce reporting burden with overhaul of complaints data process

The Financial Conduct Authority has unveiled proposals to streamline the way firms report complaints...

Other news

Atom bank shaves Near Prime rates

Atom bank has announced a fresh round of rate reductions across its Near Prime...

ModaMortgages cuts rates and launches new HMO & MUFB products

ModaMortgages has announced a reduction in rates across its buy-to-let product range, with cuts...

The Loughborough ups later-life interest-only LTV to 70%

Loughborough Building Society has increased its maximum loan to value (LTV) to 70% for...
Advertisement