Even Slowing Economy Is not going to Protect Employers from Turnover According to Survey
Last year at about March, 2008 Salary.com, a US company focused on on-demand software around a deep domain knowledge in the area of compensation, held a survey and found that Fifty-Seven Percent of Surveyed U.S. Workers Plan to Intensify Job Search in The Next Three Months
The 2007/2008 Job Satisfaction & Retention Survey revealed many other interesting results, including that inadequate compensation is the top reason employees gave as to why they would leave their job:
The Top 5 Reasons for Leaving a Job as Reported by Employees
Inadequate compensation: 27 percent
Lack of career advancement: 19 percent
Insufficient recognition: 17 percent
Boredom: 11 percent
No professional development: 11 percent
Job offers with 8 to 15 percent increase in compensation should be reason enough to make the change.
Click here to get the detailed report in pdf for study.
