One large company finds that many of their top performers are absconding:
It’s like clockwork. Every year a portion of our top talent decides it’s time to move on. Once those bonus or holiday checks are cashed, the flood gates open and the resignation letters start flowing in.
They’ve done an exit survey among the top performing employees leaving the company:
Of the 178 files, 83 people listed money as a reason for leaving. 62 listed it as the only reason.
Their conclusion: They must adjust salaries and compensation. My conclusion: They’re wrong. Here’s why.
(more…)