Branch² Intelligence
I changed jobs 10 times in 10 years to get the career I wanted
Key takeaway
Gen Z 'lily padding' trend increases staff churn for UK SMEs, raising recruitment and training costs.
- Step 1Gen Z workers increasingly job-hop for career advancement, raising average staff turnover rates across UK SMEs.
- Step 2Higher churn forces SMEs to increase recruitment spending and offer higher wages to attract replacements, raising operating costs.
- Step 3SMEs invest in retention programmes and flexible work policies to stabilise headcount, shifting cost structure from variable recruitment to fixed retention spend.
Source: BBC News — Business
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