As a business owner, you know that turnover is expensive and stressful. Every employee is an investment for your business, and it can be difficult to see one go. Plus, the process of recruiting and hiring a replacement can take your attention away from running your business, resulting in lost productivity and revenue.

If you’re in an industry that’s known for turnover, the problem is even worse because it can lower the morale of the employees that stick around, increasing the likelihood of even more turnover.

It’s no wonder that two big questions on every employer’s mind are:

1. Why do employees quit?

2. How can I keep my employees around?

At CareerPlug, employee retention is at the forefront of our minds too. Every year, we conduct research to learn from real job seekers and employees as part of our Candidate Experience Report. This research includes asking workers in various industries what makes them want to leave their current job to see what employers could be doing better.

Let’s take a closer look at the data, so that you can be better equipped to retain the members of your team.

Reasons employees quit

Let’s start by highlighting the amount of people we surveyed that have recently considered leaving their job. Out of our 500 participants, 49% said they have thought about leaving their current job in the last twelve months.

This is huge! And the trend can be seen across industries. For example, 55% of employees in the Education & Childcare industry said they’ve considered leaving their job in the last 12 months. 52% of employees who work in Insurance & Financial Services said they have considered leaving their current job in the last year as well.

So why is it that half of our survey participants have considered leaving their job?

Let’s break down some of the main reasons employees are looking for new opportunities.

‍

Read full article here