In addition there are certain sectors that are doing well such as software and other internationally traded services where acquisition and retention strategies are crucial to almost all levels of staff.
We’ve conducted research with 500 management and executives known to us to ascertain what they feel are the factors that influence them to leave a company. This has yielded areas that need to be reviewed and possibly improved when developing a acquisition or retention strategy.
The many answers as to why a manager or executive left an organisation were collated to form 15 factors:
1. Opportunity to grow
4. Work/life balance
5. Working environment
7. People relationships
9. Reputation of company
12. Opportunity to learn
14. Length Of service
Overall the top three factors right now were:
- Stability / Security
- Opportunity to grow
The most obvious factor that’s missing from the top three… salary! It came in fourth.
If you are developing or reviewing your talent acquisition or retention strategies it may well be worth considering the 15 factors.
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