A subject about which Alyssa is particularly passionate is the link between job hopping and people’s desire to climb the salary ladder. In this podcast, she and Sue talk about that link and the potential consequences of responding to pay increase requests with “we just can’t afford it”.
· Younger generations prioritize career growth (including salary growth), flexibility, and sense of purpose over career stability.
· Job hopping is often influenced by a desire to climb the salary ladder and studies show this to be an effective strategy.
· Turnover is expensive, often more so than meeting employee demands.
· Retention is directly connected to providing growth opportunities, including salary growth.
Not sure how your employees feel you stack up when it comes to the salary issue? Ask them! Download our guide to Exit & Stay Interviews. This includes a list of questions you should be asking in the Stay Interview in order to avoid the Exit Interview.
