The 7 Hidden Reasons Your Employees Leave
Nearly 90% of bosses think their employees quit to make more money. That means nearly 90% of bosses are wrong. Studies show these are the seven “real” reasons that retention isn't better:
Ask HR people their top issue these days, and it’s likely to be retention. That’s no surprise. The cost in dollars and disruption of replacing a trained employee is enormous.
What is surprising is how much employers misunderstand why their people leave, author Leigh Branham, SPHR, told a standing-room-only audience at a recent SHRM conference. That misunderstanding is evident in one astonishing statistical comparison:
--Employers who think their people leave for more money: 89%
--Employees who actually do leave for more money: 12%
The latter result, says Branham, founder of retention consultant KeepingthePeople, Inc., comes from a study of 19,700 post-exit interviews done by the Saratoga Institute, an independent research group. The data identified seven “hidden reasons” employees resign. Here are those reasons, along with Branham’s antidote for each:
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