Retention – By the Numbers
It’s the age-old question, “Why do good employees quit?”
In today’s fast-paced environment, it is more important than ever to get answers for the root causes of turnover. Taking a close look at facts will give you keen insight. However, statistics are only the beginning. The real trick is to find out what is going on in your company. We will discuss that a little later.
First, let’s look at what is trending, according to Qualigence International. In a blind survey they came up with these top 5 reasons good employees leave:
- Lack of Appreciation or Recognition (20.17%)
- Money/Cash Compensation (15.00%)
- Lack of Opportunity (29%) (tied with 4)
- Didn’t Get Along With My Manager (29%) (tied with 3)
- Ethical Concerns (29%)
According to AmericanProgress.org, turnover is approximately 20-21% of an employee’s annual salary. Let’s looks at what that means, in terms of dollars lost.
To view our online interactive retention calculator, click here
As you can see, even at the lower-end of the pay grade, it is well worth a company’s time to get objective feedback. iWorkZone has a simple, yet robust solution – Cadence Response™– Employee Engagement Survey. With this scientifically crafted survey instrument, you will get unbiased data on 10 key business drivers.
With the complete Cadence report’s descriptions and individual graphics, you will be able to assess needs and find solutions before they are costly.
Increase retention. Listening to employees has become streamlined and simple. Getting started is as easy as writing to info@iworkzone.com.
Increase your profits. Maintain your culture. Grow your business.
Cadence Response™ – Employee Engagement Survey
