There’s some surprises in the Salary.com 2005/2006 Employee Satisfaction and Retention Survey between what employees value and what HR professionals perceive to be important to employee job satisfaction. Many of us are at increased risk of losing our most valuable and productive employees.
HR professionals list the top factors of employee happiness as: Adequate Benefits, Friendly Co-workers and Fair Compensation, in that order. However, dissatisfied employees cite inadequate compensation, no opportunities for advancement, and no recognition for their work as the top three reasons for leaving.
The report states that turnover costs you 30% of the replaced person’s salary, but half of dissatisfied employees say they would stay another year for as little as 15 percent more in base salary.
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