Want to Keep Your Employees? Give Them Growth Opportunities

Want to Keep Your Employees Give Them Growth Opportunities

Employees above all value a clear career path.

datachannel.orgWant to Keep Your Employees? Give Them Growth Opportunities. Employers interested in improving employee retention rates should take note: Employees have very different reasons for staying at work than when they leave.

In a global study conducted by the consulting firm BlessingWhite, employees revealed that they keep a job because they enjoy the work they do. However, they often leave to further their careers.

The work environment is the main reason employees give for staying in a job, with 30 percent saying, “I enjoy the job I do.” Career opportunities were cited by only 17% of respondents as a reason to continue working. However, when asked why they would leave a job, the career opportunity was the main reason given. More than a quarter of respondents (26%) noted the lack of growth opportunities.

“Business leaders are right to worry about retaining the best talent,” said Christopher Rice, CEO of BlessingWhite, a global consulting firm. “And while the increases may encourage some workers to stay, our findings suggest that employees, especially high-performing ones, will stay in jobs that challenge them, use their experience and provide meaning.”

In general, employees reported that their decision to stay was mainly due to the satisfaction of their employer. Their answers are below:

What is the most important factor influencing your plans to stay?

  • My career. I have significant development or advancement opportunities here. 17 percent
  • My organization’s mission. I believe in what we do. 11 percent
  • No desire for change. I am comfortable here. 10 percent
  • My job conditions. I have flexible hours, a good commute, etc. 10 percent
  • My finances. I expect a desirable salary, bonus, or stock options. 7 percent
  • Other (the economy, my manager, my colleagues) 15 percent
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In contrast, the top reason employees of all age groups give for jumping ship is their career.

What is the most important factor influencing your thoughts about leaving?

  • My career. I don’t have opportunities to grow or advance here. 26 percent
  • My work. I don’t like what I do or it doesn’t make the most of my talents. 15 percent
  • My finances. I want to earn more money. 15 percent
  • My desire for change. I want to try something new. 12 percent
  • My manager. I don’t like working for him or her. 10 percent
  • Other (the economy, job conditions, organization mission, colleagues) 18 percent

The Employee Engagement Report 2011 explores workplace attitudes among employees on four continents and is based on survey responses of nearly 11,000 employed professionals.

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