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Expert Says Money Usually Isn’t Major Reason People Leave Jobs

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(Credit: Justin Sullivan/Getty Images)

(Credit: Justin Sullivan/Getty Images)

John Ostapkovich John Ostapkovich
John Ostapkovich brings humor and wit, and a wealth of experience...
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By John Ostapkovich

PHILADELPHIA (CBS) – Although many workers have been holding on to their jobs for dear life during the recession, some still leave for greener pastures, and more money is often not the reason.

Leigh Branham has been tracking why employees quit since 2005, and his updated book, The 7 Hidden Reasons Employees Leave, finds there’s more disenchantment with upper management motivating departures, but salary issues are less than you might think.

“Only about 12 to 15% of employees leave where pay is the primary reason and most managers believe that pay is the primary reason employees leave because when you do exit interviews, it’s much easier to say I’m getting more pay than I didn’t like you as a manager,” he said.

Branham peruses online job-exit surveys which find other reasons include little room for growth and simply a bad fit between job and employee.

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