Attrition rates and frequent job changes are prevalent in today’s corporate world due to several factors. Every industry faces different levels of attrition rates due to the fact that employees are constantly on the look out for better work opportunities while employers are constantly on the look out for talented and qualified employees…and when they find a match they are willing to pay any price for it.
Development of material things also plays a big role in this because; people by nature want the best of everything: the latest car, the biggest house, the newest mobile…the list is long. This fuels an employee’s need to aim for higher pay packets to buy everything on this long list…and thus people change jobs for better salaries.
There are several other factors too that make people quit their jobs although aiming for higher salaries and better designations for professional advancement are the prime ones.
The global economy has also opened up the education sector to a large extent, in that sense, there are a plethora of courses on offer that make employees “specially qualified” for certain roles. These certifications if possessed make an employee an “in-demand” employee in the corporate world, putting them in a position to choose and pick jobs as per their liking and aims.
In any case, to get a better understanding of the matter, it always helps to know about the surrounding factors that influence employees to leave their jobs and to move on in the corporate world.
A few known reasons that make an employee leave are:
The prospect of a better pay
Employees in the job market always aspire to earn more and more. New companies are willing to pay the price for experienced and professional staff members. Put together, the prospect of a better salary always attracts employees to a new job and makes them quit their old one without second thoughts.
Better work opportunities
The world is a competitive place and everyone wants to grow professionally. Its only when one shifts jobs and companies that they will get better designations steadily. The idea of a better designation like growing from an executive to a Team Leader for instance attracts employees to new companies quickly. Who doesn’t want to climb up the corporate ladder as fast as they can after-all?
Sometimes, a convenient job which is close to a person’s home, children etc is a primary concern. While working, they may feel that the distance, the timings, the work schedules etc are not convenient and therefore they may try to look for jobs that are convenient in other aspects. A lot of mid to senior level staff members usually leave jobs due to this because at that age it’s not always about the money…its about the bigger picture.
Many times, an employee may feel that their colleagues are unprofessional and petty and might find it difficult to work with them. This may make them want to leave their job in order to find a place where colleagues are not so difficult to deal with.
A bad boss
A bad boss who is always putting the team down or finding fault in everything they do would never have a happy team. This would make most of them leave faster than usual. A professional boss who acts as a guide will be well loved by the team and the attrition rate would also be low. But a bad boss would indirectly force employees to leave due to their unprofessional and petty behavior.
Sometimes people look for flexibility when it comes to work schedules when they reach a particular age, they don’t like to be “reporting” to anyone. As a result they quit jobs wherein they made to feel like employees and look for ones where they are in control.