Half of workers will be looking for a new job in 2016 because of unhappiness over pay, promotion prospects and heavy workloads, said a new report. A survey of 2,000 adults found that one in five are already job hunting.

The Investors in People poll found that a third of workers were miserable in their job, partly because of poor management and not feeling valued.

Having a pay rise would not be enough to compensate for bad managers or being undervalued, it was revealed.

A third of those questioned said they would prefer more flexible working hours than a pay increase, while one in four wanted their employer to invest more time into training and staff development.

Paul Devoy, head of Investors in People, said: “Improved salaries over recent months means that pay is less of a gripe for UK workers.

“But longstanding issues around poor management and how valued people feel in their work continue to make UK workers miserable.

“We know that bad leadership alone costs the UK £39 billion a year. If employers addressed these factors, they would have a more committed workforce and far fewer resources tied up in constant recruitment drives.

“As the economy improves, many employers run the risk of losing their valuable, skilled staff.”

Many of those surveyed said a simple “thank you” from their boss would make them happier at work.

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