Maybe this retention stuff isn’t so complicated after all.
A new study from the American Psychological Association says slightly more than two-thirds of U.S. employees (67%) stay with their employers because their jobs fit well with other aspects of their jobs.
The same percentage said they stuck around because they like the work they do.
Sixty percent said they were sticking around for their benefit package; 59% cited their pay as the chief reason for staying.
Other results from the Workforce Retention Survey:
- More women than men cited both work-life fit (72% vs. 62%) and enjoying the work (72% vs. 63%) as reasons they stay with their current employers.
- When it comes to relationships at work, women were more likely than men to say they stay with their current employers because of their co-workers (55% vs. 48%), their managers (46% vs. 34%) and their connection to the organization (59% vs. 53%).
- Smaller differences were found between the percentages of women and men who reported staying at an organization because of the benefits (61%t vs. 59%), the pay (57% vs. 62%) and their job giving them the opportunity to make a difference (49% vs. 52%).
- Working Americans age 55 and older were the most likely to cite enjoying the work (80%), work-life fit (76%), benefits (66%), feeling connected to the organization (63%) and having an opportunity to make a difference (57%) as reasons for staying with their current employers.
- Employees ages 18-34 were least likely to say enjoying the work (58%), work-life fit (61%) and benefits (54%) keep them on the job, but the most likely to endorse co-workers (57 %) and managers (46 %) as reasons to stay, and
- More than two-thirds (67%) of respondents ages 35-44 cited pay as a reason for staying at an organization, higher than in any other age group.