A survey of over 19,000 exit interviews by The Saratoga Institute found that 88 percent of those sampled said they left their former employer for a reason other than money. They also found that 89 percent of employers said they believed that most of their former employees left only because of money!
What does this mean for you?
Don’t think you can’t compete just because you can’t offer top dollar. Most employees are interested in a lot of things other than just a paycheck. A great boss, interesting work, growth opportunities, recognition, and a family-friendly environment are more often better employee retention tools.