The Truth About Retaining Workers: Employers and Employees Have Different Views

What factors retain you in your current company?

A recent survey by Spherion shows that time/flexibility and financial compensation are two factors where employers and employees diverge greatly in terms of their importance to retention.

Which do you think are more important to employers? Employees?

According to Spherion:

60% of workers rate time and flexibility as a very important factor in retention, but only 35% of employers feel the same.

Only 49% of employers rate financial compensation as a very important driver of retention, but 69% of workers believe it is.

Furthermore, companies believe that 14% of their employees will leave; but 40% of employees indicated that they would like to leave.

Conclusions? One conclusion reported in the study is that companies are not worried enough about retention. Does your company worry about retention?

Read here for more on the study about the attitudinal disconnect between employers and employees.