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Top 5 Reasons Why People Leave Their Jobs
The January issue of Fortune Magazine brings us the annual 100 best places to work list. Other than being mildly offended that only a couple of construction companies made it into the running they also provided some good statistics from a survey on why people leave their jobs.
| 1 | Better Compensation (Including Benefits Elsewhere) |
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| 2 | Better Career Opportunity Elsewhere | 27% | |||
| 3 | Ready For New Experience | 27% | 75% | ||
| 4 | Dissatisfied With Career Opportunities At Present Job | 21% | |||
| 5 | Desire To Change Careers or Industries | 16% |
The best I can tell numbers 2, 3 & 4 all have the same basic root cause. If you want to recruit and retain good people make sure (1) that your compensation package is at least at market levels and more importantly, (2) make sure that you offer exciting career opportunities for everyone in the company.
Remember that you don't have to find the opportunity necessarily exciting to you - but it has to be exciting to the people who will be looking at your company.
Why should someone work for ABC Construction versus XYZ Competitor?
If you can't answer that question clearly then you are wasting most of your recruiting money.
Answer that question and live the answer - good people will beat a path to your door.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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