A new report on talent retention reveals how companies can take better care of their top performers, and prevent them from leaving.
The award-winning online training platform for businesses, TalentLMS, partnered up with Dr. Ashley Prisant from Harvard University on a survey about manager retention. The survey report reveals the reasons why managers stay loyal to their companies, and what makes them consider leaving.
These are the key findings:
- 1 in 2 managers are thinking about leaving their company in the next 12 months
- 7 in 10 say they feel undervalued and underpaid
- 43% feel isolated at work after they became managers
- 61% say that the number one reason they stay is that they work well with the people they manage
The top factors that drive managers away, besides being underpaid, are: an unhealthy working environment, not being part of the decision-making process, and insufficient training and development opportunities.
On the other hand, among the top reasons why managers stay at their current companies, besides compensation, are: the people they manage (61%), decision-making power (49%), work-life balance (44%), feeling acknowledged (37%), and training opportunities (36%).
The report also looked into whether managers feel taken care of. As it turns out, 93% have a go-to person, while 7% say they have no one to rely on at work. But Dr. Prisant raises an important point here:
“Should others be taking care of managers? Are they doing enough to take care of themselves? A lot of people say ‘my senior people don’t support me’ – but they do
nothing to improve their own world.”
Read the full report here: Survey: 1 in 2 managers will leave their company in the next year. What would make them stay?
About TalentLMS:TalentLMS is the award-winning Learning Management System (LMS) for businesses of any size, looking to deliver first-class employee, partner, and customer training. Professionals in more than 30 industries use TalentLMS to serve more than 1 million users and expand their teams’ potential.
To get quotes from the research team contact Eri Panselina (email@example.com) or Ana Casic (firstname.lastname@example.org)