Great Resignation or Not, Compensation Won’t Fix Everything

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Great Resignation or Not, Compensation Won’t Fix Everything
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Business leaders: Whether you’re currently struggling to keep and attract talent or not, you need to understand what’s driving today’s employees to quit their jobs. Hint: It’s not all about the money 💰 GartnerHR CHRO

Whether you’re currently struggling to keep and attract talent or not, you need to understand what’s driving today’s employees to quit their jobs. Hint: It’s not all about the money.65% of employees say the pandemic has made them rethink the place that work should have in their lives., and it means compensation isn’t employees’ only motive.

in the short term and a likely norm in the long term. Either way, it signals the lengths to which many organizations are going to retain and attract talent.widely among functions, industries and locations, and it’s certainly not all about money. The tumult in labor markets today is partly a phenomenon unique to the times: 65% of employees say the pandemic has made them rethink the place that work should have in their lives.

“Whether you face an attrition crisis or are planning your postpandemic workforce strategy, you need to know when and how to repair, humanize, outcompete or double-down on recruiting efforts,” says , Director, Research, Gartner. “You can’t do that if you don’t understand what’s driving employees to quit in the first place.”In a September 2021 Gartner poll of executive leaders, 60% described themselves as significantly concerned about employee turnover, but that doesn’t begin to capture the extent of today’s talent challenge.

Remote and hybrid working setups have expanded the options for employees beyond basic economic incentives to move jobs.

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