In a recent poll conducted by a national search firm, 71% of executives said they changed jobs for ‘increased challenges, opportunity or company quality’. The same study reported that only 16% moved for increased pay, 8% for benefits and 6% for equity.
As the economy improves and opportunities expand, the risk of executive flight is enormous. Based on the results above, all a company has to do to attract your best people is to offer them a promise of a job they will like more. They won’t even have to give them a raise!
What is your company doing today to make sure your top people are happy and fulfilled? Are you confident that they will stay, regardless of what others offer them? Now is the time to shore up your relationships with your key people and make sure they are more than just will-paid, make sure they are very happy and challenged.