By Lynne Curry It’s not the money driving the Great Resignation, in which 4.3 million employees quit their jobs in January, followed by another 4.4 million in February.1, 2 A major research project completed a couple of months ago makes this clear. The MITSloan Management Review researched 600 companies that had higher quit rates than their sector benchmark and assessed vast numbers of employee resignations.3 A toxic company culture is 10.4 times more likely to predict turnover than pay.4 Here’s what researchers learned. Pay was the 16th most important factor in employee retention.5 A toxic corporate culture, which includes poor managerial treatment of workers, dishonesty and a lack of ethics, disrespect, bullying, and abusive or cut-throat behavior, was 10.4 times more important than pay as a reason employees left employers.3,… . . . read more.
