Money isn’t even in the top 10 reasons an employee in China remains on the job, according to a study conducted by Development Dimensions International DDI and the Society for Human Resources Management SHRM. In fact, out of 20 retention drivers, compensation was the 14th on the list.
Chinese workers typically stay for a short time, gaining some experience and then jumping to the next opportunity. They’re not looking for longevity — they’re trying to climb higher and faster and changing jobs helps make that happen.
The study showed that there was more retention than compensation. An even more disturbing figure showed that mid-management and executives indicated a higher likelihood of leaving the organization within the next year than did individual contributors. The higher the executive, the more they indicated more dissatisfaction and less loyalty to the company.