The report was based on a survey done on more than 1,500 U.S. HR professionals. It identifies five key reasons for employee turnover, which are:

Inadequate total compensation (listed as the top reason for employee departure by 39% of survey respondents, and one of the top three reasons by 74% of respondents)
Lack of career development and advancement (top reason for 21% of respondents; top three for 61%)
Lack of workplace flexibility (top reason for 13% of respondents; top three for 43%)
Unsustainable work expectations (top reason for 6% of respondents; top three for 30%)
Uncaring and uninspiring leaders (top reason for 9% of respondents; top three for 26%)

For each of these issues, the report suggests how HR professionals can improve employee retention. For instance, in the case of inadequate compensation, HR professionals likely don't have the budget to improve salaries 8% to 10% as most say is necessary. But they can share total rewards statements with employees, which can give workers a better sense of how their compensation stacks up outside their salaries alone.

Instant Insights /

Boost retention with budget-friendly, internal change

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