Editor’s Note: Readers sometimes ask about past TLNT articles. That’s why we republish a Classic TLNT post every Friday.
Ever wonder why your employees really quit? A study of nearly 20,000 job quitters reveals some rather intriguing facts.
The myth: 89 percent of employers believe that employees leave because of money.
The reality: 88 percent of employees leave because of things other than money.
According to the study, here are the top 10 reasons employees quit:
The above data ties in rather nicely with the facts and figures presented in my last webinar,Everything You Ever Wanted to Know About Employee Engagement. (Here‘s a summary if you just want the highlights.)
Most notably:
The top 10 list above makes it 187 percent clear that supervisors play a humongous role in whether employees leave or stay. As we often say here on the Blawg, it’s all about LOVE: treating your employees the way you’d like to be treated. According to the experts, the No. 1 thing managers can do to make employees stay is “value” them (Right Management), “care” about them (Monster/Unum) and be “genuinely interested in their well-being” (Towers Watson).
But exactly how do do that? Here in one handy chart is a summary of approximately 85,927 hours of engagement research — something we call THE MAGICAL WHEEL OF ENGAGEMENT:
Employees desperately want their leaders to:
If you do those six things, your employees will feel the LOVE and will stay with you forever. If you don’t, they won’t.
For more detail on each spoke in the magical wheel, click here.
This was originally published on Manpower Group’s Employment Blawg.