Why do people quit their jobs? Fast Company reported this week on a new analysis conducted by Glassdoor. The firm studied approximately 5,000 workers who switched jobs over the past decade. They found that three most important reasons for quitting are:
- Company culture
- Employee salary
- Getting stuck in the same job for long periods of time
The firm discovered that, "On average, we find that a 10% higher base pay is associated with a 1.5% higher chance that a worker will stay at the company for their next role." In addition, the probability of quitting rises by 1% for every 10 extra months someone stays in the same role at a company.
What didn't matter as much with regard to quitting? Interestingly, "they found that while work-life balance, liking their senior leadership, and benefits may matter for overall employee satisfaction, they donât impact turnover."