The emphasis an organization places on developing the skills of its employees will have an impact on turnover. A survey of 1000 companies with 50 or more employees conducted by the U.S. Department of Labor's Bureau of Labor Statistics found a negative correlation between a company's turnover and its level of training expenditure. Companies with low turnover rates spent more than twice those with high turnover rates. Leadership Leadership problems are also frequently associated with turnover. Conflicts with immediate supervisors are often mentioned in exit interviews.
Supervisory conflicts are often avoidable and can be addressed by training and improved selection.
Good interpersonal skills and fairness go along way in keeping employees on the job. However, compensation is often cited as a reason in exit interviews when other causes are present but people may be reluctant to discuss the other causes candidly. However, in competitive labor markets, compensation certainly matters. Special bonuses are often used to make quick adjustments to market pay scales. But rewards don't have to be monetary in order to have an impact.