New Poll: Employees Leaving Jobs in Search of Higher Pay, Advancement
In the current war for talent, employers are getting creative and increasing benefits for existing employees to stave off attrition and improve retention. And the arms race doesn’t appear to be ending anytime soon.
In a recent survey of businesses fielded by Express Employment Professionals, pay was a top reason cited for employees leaving a job.
Respondents were asked, “What causes employees to leave a job?” More than one response was permitted. “Lack of advancement/opportunity” was the top reason at 33 percent, followed by “not a good cultural fit” at 28 percent. Twenty-seven percent cited low pay as their reason for leaving, while 20 percent said it was because of an unlikeable boss/management.”
“This is an employee’s market. They can choose which job they want along with benefits, pay and flexible work hours. All of our 800 franchises are feeling the market shift. The employers in our market who are not having problems with recruiting are the people being innovative and creative with job offers and are matching vision, values and mission to the employees, said Connie Druliner, franchise owner and CEO of the Bend and Redmond Express offices.
“A growing, thriving economy is undoubtedly good news for our country, but it does mean employers have to work harder to retain talent,” said Bill Stoller, CEO of Express. “If you’re a business that’s seeing workers walk out the door, it’s critical to identify the reasons why quickly. You can beat the competition—or you can let the competition beat you. You’re only as strong as your workforce, and if you’re not offering your best, you can’t expect to have the best talent.”
The survey of 804 businesses, which are current and former clients of Express Employment Professionals, was conducted in August 2018 to gauge respondents’ expectations for the fourth quarter of 2018.