That coworker of yours who just handed in his letter of resignation and is striding towards the exit with his belongings in an old printer-paper box could be leaving the building for any number of reasons. Especially in this economic climate – a tight labor market makes people bolder, and more willing to take risks to get the job they really want. Compensation software company Payscale presented new research in a white paper about the top reasons employees leave.
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The top reasons people leave their jobs
- 25% want more pay
- 15% are unhappy at their current organization
- 14% want to work at an organization more aligned with their values
- 11% are relocating
- 10% are unhappy their current position is not full-time
- 7% want a promotion
- 2% want a more flexible schedule
- 15% – other
What’s better about the new job?
Payscale then asked people who quit and found a new job what attracted them to that organization. The hands-down winner? Meaningful work.
- 27% said the opportunity to do more meaningful work
- 17% said increased responsibilities
- 16% said increased pay for this position
- 11% said workplace culture
- 6% said nothing in particular, it was just a job
- 6% said better benefits and perks
- 5% said they wanted to work for a larger organization
- 10% – other
People generally find a new job that offers them what the last one couldn’t
It was found that the reason people leave is along the same lines with the reason that they take a new job. For example, with those who quit because they wanted higher pay, 38% of those respondents chose a new job that paid them more.
And 46% of those who quit because they didn’t have “value alignment” at their previous job chose a new organization because they would get to do more meaningful and engaged work.
And for the group that quit because they wanted a promotion, 46% of respondents ended up with a job in a new organization that offered them more responsibilities.
For those who quit with go-getting in mind, it’s a happy ending.
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