| By Dan Malachowski,
Whether it is poor pay, lack of appreciation, a long commute, or a
tyrannical boss, many employees across America have just about had
it with their jobs. This has led some employees to either passively
or aggressively seek to leave their job within the next three months.
The compensation experts at Salary.com recently identified 8,000 employees
likely to look for a new job in the next three months, and asked them
what makes them want to leave their current job. The results may surprise
for most positions is far below the market average for our region,
no annual increases in the last 4 years."
survey results show that inadequate compensation is by far the number
one reason that dissatisfied employees want to leave their job.
It has been proven time and again that fair pay practices benefit
not only the employee, but also the employer (by reducing unwanted
and unanticipated turnover costs). Employees who are paid competitively,
relative to their specific market, are generally much happier.
way to find out if you are being paid what you are worth is to use
Salary.com's salary negotiation tool, the Personal
Salary Report. The Personal Salary Report will help you determine
your value based on job title, industry, geography, company size,
education, experience, and other personal factors.
Inadequate Opportunities for Career Advancement
boss has dangled the 'carrot' for a year."
for career advancement is a major factor in retaining employees
and keeping them happy. 37.3% of dissatisfied employees cited inadequate
opportunities for career advancement as the reason they want to
quit. Empty promises by upper management, such as promotions that
don't pan out, have led many employees to give up on moving up the
corporate ladder at their particular company.
Insufficient Recognition or Appreciation
"There is no recognition of my creative talent, training, or
three major portions of an employee's total rewards package are
compensation, benefits, and the work experience. The work experience
includes things like company culture, dress code, and how employees
are recognized and appreciated for individual contributions and
accomplishments. The fact that 34.2% of dissatisfied employees are
disgruntled because of insufficient recognition or appreciation
shows the importance of elements of the work experience, such as
employee recognition programs. This proves that rewarding top performers
with cash or gift certificates, or even just a pat on the back,
goes a long way toward improving employee retention rates.
"My job duties have gone from being challenging to boring."
of dissatisfied employees are unhappy because of boredom. There
is only so much socializing with coworkers, surfing the Internet,
or simply spacing out that an employee can do before it's time to
find a new job.
July 2005 AOL/Salary.com study on Wasted
Time At Work revealed that the average American worker admitted
to frittering away 2.09 hours per 8-hour workday, not including
lunch and scheduled break-time. However, employees expressed that
they are not always to blame for this wasted time. 33.2% of respondents
cited lack of work as their biggest reason for wasting time.
"The insurance premiums I pay cut deep into my paycheck."
recently released from Salary.com's 2005 Small Business Basic Medical
Coverage Survey show that nearly 90% of small businesses are paying
more this year than last year for basic medical insurance for their
employees. And these soaring healthcare costs are forcing small
businesses, in many instances, to adopt measures that lower employee
take-home pay. This has spurred some employees to start looking
for work elsewhere, perhaps at companies offering more generous
employer contributions towards the cost of basic medical coverage.
the Benefits Tab of the Salary
Wizard® Calculator to see how your
benefits stack up.
Inadequate Opportunities for Professional
probably too experienced and educated for this organization."
of dissatisfied employees feel as if they have reached the pinnacle
of their professional development at the company at which they are
currently employed. Whether they are leaving to further their education,
start their own business, or find a job that promises more professional
growth, opportunity for professional development proves to be an
important factor in retaining and satisfying employees.
Insufficient Job Security
job is being outsourced to Mexico and Asia."
job security is a result of a variety of different factors, including
outsourcing, industry decline, lack of profits, competitive threats,
and rumors that the company may be sold. The survey results indicated
that many employees are searching for new jobs in response to the
fact, or rumor, that their company or job is going under. Many of
the 11.8% of respondents who cited insufficient job security as
their top reason for leaving lack confidence in upper management's
ability to save the company.
Undesirable Impact on Health or Stress
is bad for my health- my knees are hurting due to 12 hour shifts."
employees are working long, hard hours and are finally realizing
the effect that their job is having on their overall health and
stress level. Some of these employees are opting to leave the workforce
entirely, while others are in search of a job that won't give them
Poor Relations with Management
is incompetent, clueless, overcompensated, abusive, hostile and
everywhere, beware! Your employees are watching you and may leave
because of your behavior. Even
though poor relations with management ranked as the ninth most common
reason unhappy employees want to leave their job, employees who
dislike their boss provided us with some particularly entertaining
management has no spine, they are jellyfish."
boss has a diagnosed mental condition, but doesn't take his medication."
employer wants to disregard regulations and laws in order to meet
direct employer is sexist, tyrannical, and engages in extreme favoritism,
cronyism, and nepotism."
cost of gas versus my hourly income equals my net pay."
gas prices have become an effective pay cut for America's commuters,
and many are starting to think about leaving their job for something
closer to home. Assuming that individual and company goals are met,
employees can expect a salary increase of about 3.7% this year.
They can also expect to pour 3.3% of their salary down the gas tank,
virtually wiping out that increase. In fact, while salaries are
rising 3.7% year over year, commuting costs have risen 50% in the
some metro areas, the average commuter is spending close to 5% of
their salary on gas needed to get to and from work. See how your
commute ranks in Salary.com's 2005 Gas/Salary
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