For immediate Release:
Egret Consulting Group announces recent survey results on Employee Retention
Mundelein, IL (April 15, 2010). In the March issue of “The Buzz” Egret asked readers to respond to the following statement “Yes, I would quit my job for more money, but I would need to make at least…”
The respondents said:
5.5% said 10% more money
11% said 15% more money
16% said 20% more money
20.5% said 25% more money
28% said 30% or more money
19% said No, I would not quit my job for more money
Ted Konnerth believes the numbers indicate that over 80% of currently employed people would leave their job for the opportunity to make more money. 16% of the respondents would require a relatively modest financial incentive to leave (less than 15%), 64% would leave for 20-30% more money. In light of complementary research indicating historically low levels of employee engagement, the survey results appear to substantiate other research indicating US companies will face significant retention challenges in the coming months as we exit the recession.
Egret Consulting Group is a boutique search and consulting firm that specializes solely in the electrical industry. Egret sources talent for electrical manufacturers, electrical wholesale distributors and lighting design firms. Egret’s consulting services include organizational development, channel strategy and Mergers and Acquisitions. For more information on Egret Consulting Group, please go to www.egretconsulting.com.
Ted Konnerth PhD, is President/CEO of Egret Consulting Group located Mundelein, Ill. Prior to founding Egret Consulting in 1999, Konnerth was with Cooper Industries for 16 years and served as vice president of sales for 4.5 years for the $1 billion lighting division before starting his search firm.
Contact:
Christina Parhas
Egret Consulting Group
cp@egretconsulting.com
www.egretconsulting.com
