The days of having employees who stick with one job for their entire career may be over. According to the Bureau of Labor Statistics, the average American employee will stay in their current job for around 5 years and will hold an average of 11 different jobs by the time they’re in their fifties. But replacing employees is often time consuming and expensive for organizations.
One strategy to help cut down on employee turnover is to better identify the factors that influence an employee’s decision to stay put or look for greener pastures elsewhere.
In a recent study published in the Journal of Business and Psychology, psychological scientists Sang Eun Woo of Purdue University and David G. Allen of the University of Memphis identified several key factors that workers weigh before making the decision to jump ship: job satisfaction, job motivators, and personality traits.