As a professional in this field, top reasons would be...
Dissatisfaction with pay
Limited/No career progression
Dissatisfaction with environment/culture
Dissatisfaction with management
Poor work-life balance
Poor job design/expectations of role
Poor taining quality/knowledge management
Inadequate tools/systems
Edit: I should also point out we have about half a dozen ping-pong tables scattered around my work and our turnover figures were bang on average for annual benchmarking against the sector. I consider the average too high, though, and will be targeting better retention over this year. We'll need at least double the amount of ping-pong tables.
There is a bit of truth here. Toxic culture and out of touch management will make people walk as well.
Thing is, there might just be a wad of cash big enough to make me put up with that against my health interests.
Fuck ping pong tables though. No one left a company because they didn't have enough fucking table sports. If you think they are then you are the problem. Exit interview your own fucking arse.
A company offered me a million dollars to work for them, but then I remembered the ping pong table at my current employer and said no way. Totally worth it.
I had this argument with a boomer HR consultant and she just doubled down, even though I explained that neither I nor my colleagues, give two hoots about fussball or team building. Our position is a resounding "fuck you pay me" but oh no - boomer knows best.
Questions like these make me wonder if large capitalists actually live in an alternate universe but through some time and space shenanigans they are still here. There's just no way they can make this type of shit up (assuming it's a real question) without being delusional or sadistic.
I've never left a company because of money. I have left because the bullshit they put me through wasn't worth the money. That's not just being funny either. I'm okay with being under-compensated if the environment is positive, managers are friendly and flexible, and it actually feels like our sister teams have similar goals and we're not working against each other.
It is pretty simple. Respect your employees and they will respect you. Respect starts with valuing the employee's contributions by paying them a fair wage. It continues with treating them well. A way of treating them well might be a point ping table, but that comes on top of a fair wage, not instead of.
A good manager might recognise a hard working team needs a way to relax and gets a pool table or something. The employees are happy and tell their friends they've got a pool table at work, everyone is jealous. It seems like the pool table is the reason but it is just a symptom of them being generally treated well.
Ping Pong table ? Are they serious ?!? We had a PS5 in the meeting room for ~4 month an no one ever touched it. I don't go to work to have a fun time, I go to do my job, then leave and have a fun somewhere else. More correct answers for retaining employees:
give them tasks they are interested in
give them perspective for developement (promotions, raise, mobility, etc)
value their contributions and support them moraly (you want to know your managers and colleages got your back)
of course more money ! Or alternatively more freetime !
This reminds me of the Simpson episode where they are negotiating a new contract. It’s the same as the old one expect the they replace the dental plan with a keg of beer.
How many of these companies think employees are going to say it's about the money during an exit interview? Usually if you agree to an exit interview it's to be diplomatic and not burn your bridges. You're not going to tell the truth, you're going to say what they want to hear.
perfectly maps to startups selling working at a startup as "we're a family", "you're a googler", etc. give them a ping pong table and free beer on fridays and you can pay considerably less.
"Usually, in our narrow and sad description of what an employee wants, it's not money. Clearly it's more related to the lack of ping-pong tables and extra responsibilities." 🤡
These people have absolutely forgotten what it means to be an employee.
Of course, nobody with two brain cells to rub together who reads that answer is sitting there thinking to themselves, "Huh... I guess I've had it wrong all this time, focusing so much on money." Rather, they're instinctively blurting out, "Yeah right -- I call bull!"
But I'll give them partial credit; frequently it's about money. Sometimes, it's just about a work environment that used to be great going to crap. And sometimes, it's about the employee coming to an epiphany, and realizing that their work environment was actually crap all along.
That said, it may be true that not every job that I've ditched was entirely because of money... but it should go without saying that it's always a factor in where I went for the next job. Also, it's never the only factor -- but it's certainly one of the more significant ones.
An exit interview will reveal that they want a ping-pong table and that's why they are leaving? I want to know where this course is from.
Maybe it's right, and all those CEOs who received massive raises due to getting their companies rescued because they were too big to fail just needed a ping pong table instead.
I actually convinced my boss to get us a ping pong table, all I had to do was forego my pay for a year!
Totally worth, since I'm not working for the money, I'm working for the culture (our culture is now a ping pong table). It's so awesome that I can use it during my state-mandated breaks 🙂
This is the reason why but never the reason I give. If I make employers think at any time that I focus too much on the money, they will see me as a troublemaker. Instead, I come up with some bullshit excuse such as medical reasons and the smart employers will work it out on their own.
Oh yeah, fun fact, in my former and current job every year we get invited to a town halls with some executive and every year we hear the complaints that we can't keep employees.
Every year I ask the same question, "We keep hearing that we have a attrition problem so why do we keep chasing the industry standard for pay and benefits, why can't we adjust our pay scale and promotion process to actual reward performance to actually keep our high performers?"
Every year, is a non-answer, nothing changes, we lose good people and only keep our industry standard people.
Though it was funny that since I'm on multiple projects/teams I did get the same speil multiple times from the same person and the third time in two years I got called I didn't even have to ask before I got the boiler plate.
Was "A ping pong table and enough free time in my schedule to actually use it for half an hour on a quiet day without the area manager coming in and demanding that we get back to work" too long?
Ill stay at an average paying job with a great culture, over a shitty culture and more money. But only to a point.
It'd such a bad feedback loop. Employees don't always feel safe being honest at exit interviews, so they say what they think HR wants to hear and HR just takes it as fact. Then they build training like this based off what Former employees felt safe telling HR and the cycle continues.
The ping ping table at least lasts longer than a pizza party, but it's no more significant. When retiring, nobody wishes they ate more pizza or played more ping pong at work. They wish they had been able to grow and make more money so they'd be better taken care of.
I thought this was chatgpt for a second because I didn't want to believe anyone but ai could be this tone deaf. then I remembered humans and got depressed
If a company is paying competitive wages then when an employee quits it isn't because of pay.
If a company is paying low wages it will probably be because of the pay that a person quits, because there is nothing to keep them putting up with the bs that EVERY COMPANY HAS.
It's especially morbid when the CAPITALISTS try to get you to "care about our totally noble mission, not what you get paid."
The irony being that the mission is always to make the capitalist owners more money as the only priority. You, on the other hand, should just see making them money as its own reward, you lucky little capital battery.
It's like being scolded about the intrinsic value of human life... by Jeffrey Dahmer.
So... this is pretty stupid, a raise in pay certainly might help.
However, from the perspective of a career spent managing teams, often organizations with hundreds of employees, if you think your people are all solely motivated by compensation, you're going to do a very poor job as a manager.
Everyone wants more money, but that's not all they want -- and there are plenty of people who quit high paying jobs that treated them poorly or gave them no opportunity to grow.
Think about appropriate compensation as necessary, but often not sufficient -- and think about the best boss you ever had. They probably did more than just pay you fairly, that's the bare minimum.
This is why we need a huge general strike. It's going to take this getting a lot worse before must people would consider joining though. It's a trap and it's tough to get out of. Capitalism is a train wreck.
I've left a dozen or so jobs over my entire life. One because the job was eliminated, five or six because school was starting/ending, one because the manager was a prick, and the rest exclusively because I was offered more money.
Employee retention has been a huge part of my job for over a decade. In the professional world, employees rarely leave over money.
It's generally about opportunities to do new things/grow in their career (which is distinctly different from compensation), a culture problem (which compensation will not fix), or an engagement problem (poor leadership)
I never thought that CEOs might plant a seed that a "cultural change and approach in HR" and falsified stats papers would be the new meta to keep payroll low.
"Capitalism indoctrination" doesn't make any sense in this context. Capitalism in this context would be that raising the pay of an employee is investing in your business to retain good producers of the products you sell for profit. Competitive pay rates are a weapon in the capitalist war for profits.
Hey I want a raise as much as the next guy but to be honest the title is kinda wrong. Capitalism has existed since the start when humans started trading each other, so you can't really be indoctrinated like you can with communism.