Comment 1: Compensation is a key factor in employee retention. No one wants to continue working for an organization they feel aren’t paying them enough for the work that they do. With that being said this is not a universal ideology of retention and compensation though. in some lines of work the employees are less concerned about salaries and perks so it’s safe to say that not always do employees leave or stay with organizations because of salary and compensation factors. I do believe for the vast majority of the workforce its the exact opposite. Leigh Branham, CEO of Keeping the People, notes that 89 percent of managers believe people leave their jobs due to compensation, but 88 percent of employees actually leave for other reasons. I think the higher up you climb in an organization the more compensation starts to matter to you. Benefits play a major role in retention because most of the workforce is willing to work hard every day and stay with an organization if they feel like their benefits are good for the level of work they do.
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