Not only do executives not realize the real reasons employees give for leaving, they underestimate how much it costs the company. (Photo: Shutterstock)
Employee retention is a major issue, particularly in these days of a tight job market. And it's not helped by employers not realizing employees' true reasons for heading off in search of greener pastures.
According to data from Convergys and human capital management company Paycor, more than 50 percent of leaders at small and mid-sized companies think the reason employees hare off in search of greener pastures is that they're not happy with their compensation. The next two reasons cited by company execs are poor performance and a poor match of the employee to the job.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
