CAREERS AND RECRUITING
A dissatisfaction disconnect between employees and management
could be costing companies valuable talent.
According to the Global Strategic Rewards study by Watson Wyatt, a global consulting firm, and WorldatWork, an international association of human resource professionals, the U.S. has the highest median turnover rate, at 11%.
But efforts to retain top-performing employees may be undercut by misunderstandings of employee priorities. When ranking reasons to leave their current company, employees cited stress as No. 1—not even a top five reason employers gave for why their workers would leave.
Reason for Leaving Current Company
Rank | Empoyee View | Employer View |
1 | Stress levels | Base pay |
2 | Base pay | Career development opportunities |
3 | Promotion opportunity | Promotion opportunity |
4 | Career development
opportunities | Relationship with supervisor |
5 | Work/life balance | Work/life balance |
Source: 2007/2008 Global Strategic Rewards study,
Watson Wyatt, www.watsonwyatt.com, and
WorldatWork, www.worldatwork.org
.