Employee Attraction, Retention and Turnover Factors

This Research Program examines the "Magnet Factors" that attract people to work in organisations and in their professions, the factors that retain them, the risk of them leaving and the factors that trigger their decision to leave.

Research Overview

Participating Organisations: 414
Participant Respondents: 117,529
Start Date: 14th April 2000

Significant Research Program Measure(s)

Measure:
Respondents:
Agree:
Middle:
Disagree:
Employee Turnover Risk - At Risk of Leaving their Organisation
103,976
39%
0%
61%
Employee Turnover Risk - Decided to Leave their Organisation 76,476 15% 0% 85%
Employee Turnover Risk - At Risk of Leaving their Profession 36,902 40% 0% 60%

Key Statistics

  • Convenience factors (Location and Hours of work) are the top ranked attraction factors in 56% of participating organisations, but only account for 9% of the top future retention factors.

  • Monetary factors (The pay, The need to work, Job security) only account for 5% of the top attraction factors in participating organisations, and even less for the top future retention factors.

  • People factors dominate the top future retention factors in 74% of participating organisations, underlining the importance of organisational culture as a successful retention strategy.

 

Last updated: 18/11/2008
Printed from http://www.bpanz.com/page/Fields_Of_Research/Employee_Engagement/Employee_Attraction_Retention_and_Turnover_Factors/


© BEST PRACTICE AUSTRALIA PTY LTD
TEL (61 7) 3367 0613
ADDRESS PO BOX 1775 MILTON BC QLD 4064
FAX (61 7) 3369 9177
EMAIL contactus@bpanz.com
WEB www.bpanz.com