AOL reports an interesting study on the top 10 reasons why employees decide to leave their job. Of course, salary is a top ranked reason, yet others prove that having a STAR Organization is not just a question of raw money.
#1 Inadequate Compensation (57.2%) Compensation below the market average, or lack of annual increases
#2 Inadequate Opportunities for Career Advancement (37.3%) Dangling the ‘carrot’ for too long that it no longer motivates
#3 Insufficient Recognition or Appreciation (34.2%) Cash or gift certificates, or even just a pat on the back, employees lack recognition.
Find the full list here: http://gotgoodlist.com/top-ten-reasons-to-leave-your-job/
The single best way to prevent good employees from leaving is to ask them, in a science-based way, what ideas they have for improving the business model and what they would like to see improved in the workplace. Be prepared for honesty. Most importantly, be prepared to take corrective action on the issues—doing so will mitigate your retention risk, build bench strength while creating a STAR Organization.
- Bob Ebers, Founder, STAR Organization