Have you had a lot of turnover in the office in the last couple of years?
We have a good guess as to why — actually seven of them.
PayScale conducted a survey of Millennials, Gen Xers and Baby Boomers to see why they quit. Here are the Top 7 reasons employees quit their jobs:
It should come as no shock that 25 percent of those surveyed left a job because they wanted higher pay. While money isn’t everything, it is important.
Unhappy at Organization
If a job or company culture is not a good fit for an employee, they will leave, with 16 percent of the respondents agreeing.
Want to Work at Organization More Aligned With Their Values
About 14 percent of the respondents said they want to work somewhere that matches up with their values.
One of the top reasons people leave is because they are moving to a different place, and 11 percent said this why they leave.
Full time work
If you’ve ever had to get by working two part-time jobs, you’ll understand why 10 percent said they’d quit when they found full time work.
Seven percent said they’d leave if they couldn’t get a promotion.
If people couldn’t get a flexible schedule, 2 percent said this would be a top reason why they’d leave.
Some other interesting findings from the PayScale survey include what attracts people to new organizations.
Here are the reasons that attract employees to accept a job:
- 27 percent wanted the opportunity to do more meaningful work.
- 17 percent wanted the increased responsibilities in the new role.
- 16 percent wanted the increased pay.
- 11 percent enjoyed the workplace culture.
- 6 percent wanted better benefits.
Is your company offering the best benefits to attract the best talents?
One benefit that can make your company more attractive is by offering commuter benefits.
You can tell your prospective recruits they can save up to 40 percent of their commuting costs tax-free in their paychecks.
Businesses save up about $41 per month in payroll taxes for every employee enrolled in the program.
Want to learn more about commuter benefits? Download the 101 guide: