A recent study highlights career development as the primary reason employees leave jobs, reflecting a need for better growth opportunities within organizations.
- The research by Great Place To Work Belgium and Vlerick Business School surveyed over 300 employees, identifying key reasons for job changes.
- Lack of trust in management and poor workplace culture are significant factors driving employees away.
- Expectations from an ideal employer include meaningful work and a supportive culture.
- Women value work flexibility while men prioritize financial compensation.
A joint report by Great Place To Work Belgium and Vlerick Business School uncovers that the main reason employees quit their jobs is the absence of career development. This reveals a pressing need for organizations to foster employee growth paths to retain talent effectively.
The study surveyed over 300 employees to explore their career expectations and what they seek in an employer. Participants underscored the importance of career growth opportunities as pivotal in their decision to stay or leave an organization.
In addition to career development, the study also identified trust in management and workplace culture as critical factors. Employees often consider leaving when these elements are lacking.
When it comes to choosing an ideal employer, respondents highlighted a desire for meaningful work and a positive environment. These aspects significantly influence where they choose to apply.
Gender differences in job expectations were also noted. Women tend to prioritize job flexibility in terms of when and where they work, whereas men are more focused on the financial rewards of a position.
Koen Dewettinck, CEO of Great Place to Work Belgium, emphasizes, “The competition to secure and retain top talent is fiercer than ever… Companies must continually reinvent themselves and commit to good HR practices to retain their people and attract new ones.”
The study found that platforms like LinkedIn are popular among applicants seeking new roles. Other methods such as word of mouth and company websites also play significant roles in job searches.
Psychological contracts, the mutual expectations between an employer and employee regarding work conditions, were also explored. Employees indicated that social settings, communication, job diversity, and compensation are key elements of this contract.
Furthermore, companies with a strong brand reputation for employee treatment tend to attract and retain talented staff. Awards and recognition as a great place to work make organizations more appealing to potential applicants.
The research underscores the importance of career development opportunities in retaining employees, highlighting the need for organizations to enhance growth paths and workplace culture.
