What Are the Reasons People Quit Their Jobs?
28 September 2006Dumb Little Man has a great post on this topic from a bunch of HR data he collected along with people from several other IT firms in his area. I think it’s an extremely important read if you are involved in employing people in any way, because they used the “Pareto principle” (the idea that the top 20% of your employees are responsible for 80% of the output) to try to figure out the reasons why those upper tier employees were leaving. The results?
1) Money was pretty important, but less than you’d expect. If your company doesn’t keep on top of market compensation, it can lose people pretty quickly.
2) Boredom. Many people left either because their jobs had no new challenges, even though they were good at them, or because the company itself did not innovate.
3) Too challenging. The flip side – people expected to do insane levels of work with no support.
From a management perspective, it’s important to address these problems before it comes to a head. You want to keep your best employees, and if you can’t make sure they’re both happy and productive you’re going to. From an employee’s perspective, it’s a good look into why everyone else is leaving jobs. If your issue is being stimulated / being overworked, you might be able to work with your boss on this before quitting for another job that’s an unknown quantity.
Discuss this on the Free the Drones forums.
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