We are currently surrounded by information on “talent retention”, how to keep employees working with the company long term. According to a survey conducted by WTW, 53% of workers are open to leaving their current employers. In order to keep employees engaged and happy in their current jobs it is essential to understand the main reasons they seek a change and do not have company loyalty. Pin pointing them can give companies a strong starting point into bettering internal practices and ensuring workers they are valuable.

Work environment

• Engaged employees are 59% less likely to seek out a new job or career in the next 12 months
• 89% of HR leaders agree that ongoing peer feedback and check-ins are key for successful outcomes

Gender gaps/inequality

• Only 27.1% of women are managers and leaders
• 42% of women claim they have been discriminated at work because of their gender
• Globally, the gender pay gap is growing with women earning 16% less than men in hourly wages and 22% less in monthly wages

Lack of growth opportunities

• Only 29% of organizations have a clear employee learning and development (L&D) plan
• 58% of employees (62% of Millennials and GenX) say professional development contributes to their job satisfaction, a major factor in retention

Unstable job role or company 

• 72% of employees in the US would leave their current company for one with a more inclusive culture
• Having clear and consistent responsibilities/expectations is key for employee retention and satisfaction rates

Burnout culture 

• 40% of employees are experiencing moderate-to-severe burnout
• Nearly 70 percent of professionals feel their employers are not doing enough to prevent or alleviate burnout within their organization

Sources: Teamstage, Deloitte, DCTanner, Clear Company, Gallup, workstars