COMP News – Guilford Works conducted a compensation survey to find out why employees are quitting their jobs. The survey revealed that many employees felt that their employer was not offering enough compensation. The survey also revealed that employees are concerned with work-life balance.

Guilford Works created a survey to get to the bottom of why people are leaving their jobs and not jumping on available opportunities, also known as the “Great Resignation.”

“Individuals that are actively looking for work are finding that the available positions do not offer sufficient compensation, benefits, and incentives. We saw about 53% to date that have indicated that,” said Rivera. “And then 56% of individuals that have responded have said that for positions that are available, are not providing flexibility or good work-life balance.”

The survey also shed light on the fact that it is difficult for college graduates to get a job. This is because most employers are requiring at least two years of experience which college graduates do not have.

Rivera said college graduates also have a hard time getting into the workforce, with some jobs requiring one to two years of experience. He’s hoping that standard will change.

“Employers are looking for individuals with one to two years of experience and that’s hard for our recent college grads to come out with a degree and then be required to have the experience to get into the workforce,” he said. 

Guilford Work’s compensation survey helped shed some light on why the great resignation is happening. The survey pointed to low compensation, poor work-life balance, and too many barriers to entry for new employees. Guilford Work hopes that this survey will help employers change their company structure in order to hire more employees.

To read the compensation survey on the great resignation, click here.

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