Nearly two-thirds of HR and finance managers believe an inadequate salary is
the main reason employees leave their jobs, according to research.
The report, by recruitment company Accountemps, finds nearly 40 per cent of
those surveyed believe attractive job offers from rival companies are a
significant reason for leaving. Limited promotion opportunities rank second,
and more than a fifth of respondents cite bad HR departments and practices.
Boredom is seen as the major cause for people leaving jobs by 13 per cent of
respondents.
Clive Davies, UK regional manager at Accountemps, said, "Most people
give inadequate salary as the main reason for leaving a company but this does
not necessarily mean it is the main reason. UK companies need to have strong
exit interviews and procedures so they are aware of any underlying problems and
can put them right."
Sign up to our weekly round-up of HR news and guidance
Receive the Personnel Today Direct e-newsletter every Wednesday
Nearly 60 per cent of the 780 managers surveyed for the report believe staff
prefer to work for a company where HR is highly developed. Almost half of
respondents think this is even more important for employees than the potential
for developing a career within a company.
Four out of 10 of those surveyed cite a good working environment as
important to staff retention. "The fact that companies are open to
internal promotion, offer an attractive working environment and training
opportunities will continue to be a valuable recruitment and retention tool,"
said Davies.
