Salary is the number one reason why employees change jobs, according to research from Glassdoor, one of the world’s largest job and recruiting sites.
The survey of 750 hiring decision makers (defined as those in recruitment, HR and responsible for hiring) in the U.S. and UK, found that nearly half (45%) think that salary is the top reason for employees changing jobs.
The top four reasons for changing job, according to the survey are:
- salary
- career advancement opportunities
- benefits
- location
The researchers found that while hiring managers like to see pay transparency, companies were still slow to adopt it. Fewer than one in 10 online job listings include pay data in the job description, but more than one-third (37%) of hiring decision makers say retention rates would improve if new hires were better informed during the hiring process.
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