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Personal commitments and search for greener pastures seem to be the main reasons for people ending their job contracts across the world.
Let us start with an old career adage, ‘Employees do not leave their jobs, they leave their bosses.’ This piece of conventional wisdom may be true to some extent, because people do leave companies when they are not given growth opportunities. However, this cannot be the only reason behind employees deciding to end their tenures with organisations.
The 2015 Compensation Best Practices Report by Pay Scale, which is its sixth edition, compiles responses of business leaders from companies of every size, across a wide section of industries. Based on the revelations of the report, here are the top six reasons why employees quit their jobs in 2014.
It's Personal
There are some reasons that involve life events in the employees’ world, outside of work. They may decide to follow their spouses across the country, stay home with their children, and sometimes even go back to school. These reasons are the most difficult to address.
In fact, the study indicates that in the last few years, this reason has consecutively been the major motivator behind an employee’s decision to change his job. At 21 per cent, personal reasons dominated the 2015 list as well.
Interestingly, even in the healthcare and social assistance sectors, over 28 per cent of the employees cited personal reasons for calling it quits. The trend has been consistent over the past few years.
Money Matters
At a time when the war for talent is intensifying, it is only natural that employees want to stay abreast with the best packages on offer. Often, organisations are willing to pay someone more than their current package just to rope in the right talent.
The 2015 Report shows trends that employees do not just cite personal obligations as a reason for their departure. In 2014, around 21 per cent of employees left their organisations in favour of better packages offered by other companies.
For medium and large companies, the main reason why people leave a job is compensation. More than 25 per cent of respondents chose offer of higher pay elsewhere as the primary reason for employee separations.
Greener Pastures
The job market is growing, with opportunities being rolled out not only in metros but in tier two and three cities as well. The present only hints at a brighter future and employees, nowadays, are open to exploring new options. At 18 per cent, promising career options elsewhere occupied the third spot on the list.
The trend of leaving jobs for greener pastures was high in sectors, such as information technology, media, telecommunications and scientific and tech services. Around 24 per cent of the employees in these sectors, left their jobs in 2014 to look for better advancement opportunities.
I have been sacked
In 2014, involuntary terminations accounted for 16 per cent of overall departures but the trend varies greatly with the size of the organisation in question, as large companies only accounted for 5 per cent of the terminations due to poor performance.
The rate, however, was much higher at 21 and 15 per cent in the case of small and medium-sized companies, respectively. This might be because of the lack of a well-oiled HR division in such companies. All too often, there is a difference between the original job description and what was promised during the interview process, which leads to employees’ dissatisfaction, and hence, their untimely departure.
Time to retire
Despite predictions of the impending mass exodus of baby boomers, retirement accounted for only 6 per cent of all terminations in 2014. Larger companies reported a higher number of retirements with a rate of 9 per cent than the medium or small companies with a 5 and 6 per cent rate, respectively.
I don't like my boss
Believe it or not, the adage that we started with is actually true. Employees need appreciation. They need to feel valued for the work they do. Poor management skills can lead to work–life imbalance and create disharmony in workspaces. The lack of feedback and coaching can inhibit growth, which ultimately can have dire consequences. If a manager has the natural ability to get along with people and motivate them, chances are that workers are going to stick with him through thick and thin. After all, everyone knows that it pays to be loyal
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Just sending your current resume is not enough - since we won't understand what all you did so far to get a job interview . More than just the resume make sure to write in detail on what you did so far to get a Job Interview and clear that IT Job Interview.
Write about which areas you are struggling the most in.
Write on what is stopping you from clearing a Job Interview.
Write about what specific interviews you gave and what you feel may be the reasons due to which you have missed the opportunities.
If you have difficulties getting Job interview write about that too.
Stop finding excuses to delay reaching out to us.
This one step of taking time to write and email us may help you in several ways.
If you want a Positive change and progress in your Career plan then reach out and write in detail.
We have mentored several hundreds and helped in their Software Career path.
Getting a Software Job is a tough and time consuming process.
We understand the challenges and want to give the guidance and accountability you need.
But you need to walk the path and take the steps so it is not a done for you magic.
You must be willing to spend time to learn,adopt and show progress in your Job Interview Preparation.
If you are not willing to do the required work and put the required attention then how can you survive even if you get a Software Job.
Getting a Software Job in itself is like a challenging Job - You need to do well on this one to be able to actually :
Get a Software Job Interview Opportunity
To do well in those IT Job Interviews
To Get a Software Job Offer or multiple Job Offers
To be able to join that IT Company
To be able to do well and grow in that Software Company
So take action now and email us at JobsULike@GMail.com and write in detail about what you did so far to get a Software Job
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Please write in detail about yourself and what you did so far
This team has helped several people get placed in Top MNC Companies
Mentoring by highly experienced Professionals
Longterm Career support by these High Demand Technology
Increase your chance of Getting a High Salary Software Job
by Getting this Training and following the path towards a better Software Career
Email JobsULike@GMail.com Now to get more info
Do You Want a High Salary Software Job ?
Do You want to beat the Competition and Get a Software Job in one of the Major IT Companies ?
Do you want to gain Expertise in High Demand Technologies ?
Do you want to know how is the overall IT Job Interview Process ?
Do you want the guidance in Preparing better for Your Technology Job Interviews ?
Do you want to clear Job Interviews and Get Job Offers ?
Are you willing to work with Focus and Dedication towards achieving this Goal of Getting a High Paying Software Job Offer ?
If you are Very Serious to Get a Software Job
If you are willing to put all the efforts and time required to Get an IT Job
Then Email Now to JobsULike@GMail.com and write in detail about
What you did so far to Get Software Job
Write in detail about your Career interests/Career plans
If you are interested to get the support for your Career Goals you need to take action now and email as soon as possible - make sure to write in detail about what you did so far to get a Software Job.
Just sending your current resume is not enough - since we won't understand what all you did so far to get a job interview . More than just the resume make sure to write in detail on what you did so far to get a Job Interview and clear that IT Job Interview.
Write about which areas you are struggling the most in.
Write on what is stopping you from clearing a Job Interview.
Write about what specific interviews you gave and what you feel may be the reasons due to which you have missed the opportunities.
If you have difficulties getting Job interview write about that too.
Stop finding excuses to delay reaching out to us.
This one step of taking time to write and email us may help you in several ways.
If you want a Positive change and progress in your Career plan then reach out and write in detail.
We have mentored several hundreds and helped in their Software Career path.
Getting a Software Job is a tough and time consuming process.
We understand the challenges and want to give the guidance and accountability you need.
But you need to walk the path and take the steps so it is not a done for you magic.
You must be willing to spend time to learn,adopt and show progress in your Job Interview Preparation.
If you are not willing to do the required work and put the required attention then how can you survive even if you get a Software Job.
Getting a Software Job in itself is like a challenging Job - You need to do well on this one to be able to actually :
Get a Software Job Interview Opportunity
To do well in those IT Job Interviews
To Get a Software Job Offer or multiple Job Offers
To be able to join that IT Company
To be able to do well and grow in that Software Company
So take action now and email us at JobsULike@GMail.com and write in detail about what you did so far to get a Software Job