Posted by Lisa Amstutz on Wednesday, October 22, 2014 - 00:00 | Follow me
If you work for a great boss, it may be easier to overlook or at least accept the fact you’re overworked or simply bored with your job responsibilities. In fact, reporting to respected management may push you to work harder or longer hours.
But receiving inadequate or below market-rate wages is a top deal-breaker that can cause good employees to quit their jobs, according to recent research from our company. And it’s an area CFOs and employees alike see eye to eye on in the United States.
See the full survey results.
So if you’re a good manager and you don’t want your best employees to quit, what do you do?
Robert Half senior executive director Paul McDonald suggests benchmarking salaries against other companies in your region and industry to ensure you’re paying at or above market rates. (Looking for insight into starting salaries for finance and accounting professionals? Check out the 2015 Salary Guide from Robert Half.)
McDonald cautioned, however, employers shouldn’t rely solely on salary.
“Managers also need to focus on offering advancement opportunities and fostering a supportive workplace. Businesses lacking in these areas – or any of those that create a positive work experience – are likely to find a higher salary alone won’t keep talented professionals from leaving,” he said in the release.
For more management advice to prevent good employees from quitting, view today’s release. We also offer a Monday Management Minute column once a week that highlights everything from how to conduct performance reviews to career pathing.