The conventional employee retention wisdom says that people leave bad bosses but, according to recent survey research conducted by Rasmussen College, people go to money.
The Rasmussen Research (2014)
More than half of the 2,000 people surveyed by Rasmussen said they would consider leaving their current job for more money.
Thus, as the economy heats up, and it seems to be on a roll right now, HR and C-suite execs will do well to understand both sides of the employee decision. What makes people stay? What makes people go?
After years of paltry recession-era raises, it appears that money, or even the belief that there will be more money at a different company in the future, talk:
What Do You Think?
Is this a blip or are people really five times more likely to take a new job for more money (50% in the survey results above) than they are to get away from an unlikeable boss (10%)?
Are attitudes shifting?
More Research (2015)
$75,000 might be the magic number when money starts to matter less. See more here.
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Updated June 2017
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Donna Svei, an executive resume writer and former C-level executive, retained search consultant, and CPA, writes all of AvidCareerist’s posts. She has written for and been quoted by leading business, general, and career media outlets, including Forbes, Mashable, Fast Company, Entrepreneur, Lifehacker, Ask.com, Social Media Today, IT World, SmartBrief, Payscale, Business News Daily, and the Muse. Let her background and experience inform your job search strategy and decision making.