It's not just about pay, it's about a company's Culture too. A study looked at 5,000 job changes in the US to see why people left.
- Company culture was given as one of the main reasons employees quit. Employers with better culture and values ratings are much more likely to retain staff.
- Pay is also important with salary increases reducing turnover - although only slightly.
- 'Job stagnation' is also a factor. This happens when people feel they have been stuck in one role too long.