Thursday, March 16, 2017

Why Do Workers Quit? The Factors That Predict Employee Turnover - Glassdoor Economic Research

Why Do Workers Quit? The Factors That Predict Employee Turnover - Glassdoor Economic Research



  • Pay also
    matters for employee turnover. We find that a 10 percent increase in
    base pay raises the likelihood by 1.5 percent that the average employee
    will stay inside the company when moving to their next role, even after
    statistically controlling for factors like job title, industry, company
    size and location.
  • Finally, we find that job title stagnation
    hurts employee retention. Every additional 10 months an employee
    stagnates in a role makes them 1 percent more likely to leave the
    company when they finally move on to their next position.
Three
workplace culture factors had no impact on turnover: work-life balance,
senior leadership, and compensation and benefits ratings. Although these
factors matter for overall employee satisfaction, they don’t appear to
matter much for employee turnover

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