Despite efforts to attract and retain talent, organizations across industries continue to face high turnover rates and retention issues. Why do quit rates remain stubbornly high? A survey by Deloitte Global found that a lack of work-life balance is the top reason working women across generations are considering leaving their current employer. And a new study finds that career advancement and having time for a meaningful life outside the office are the key ambitions motivating Gen Z and millennial workers, but they see these goals as mutually exclusive — they are choosing to work hard now to save enough that they can retire early and enjoy “life outside of work obligations.” When these workers don’t advance fast enough or aren’t compensated financially to the degree they expect, they leave.
