There can be a variety of reasons why managers are leaving their jobs at higher rates than non-managers. Here are a few possible explanations:
Greater levels of stress and pressure: Managers often have more responsibilities and accountability than non-managers, which can lead to greater levels of stress and pressure. This can be especially true for managers who have direct reports and are responsible for the performance and well-being of their team members.
Limited advancement opportunities: Managers may feel that they have limited opportunities for advancement within their organization. They may be looking for a new company where they can take on greater responsibilities and have more upward mobility.
Lack of work-life balance: Managers often have to put in longer hours and may have less flexibility to manage their work-life balance. This can be especially true for managers who are responsible for overseeing projects or teams that require constant supervision.
Frustration with company culture: Managers may not feel like they fit in with the company culture, or they may be frustrated with the company’s management style, corporate politics, or lack of communication.
Burnout: Managers may experience burnout due to high-stress level, lack of support, lack of autonomy and unrealistic expectations. Burnout can manifest in mental and physical health issues, and it can make them leave the company.
Increased competition for top talent: In the current job market, the demand for managers with strong skills and experience is high. As a result, managers may be more likely to consider leaving their current positions for better opportunities elsewhere.
Lack of compensation and benefits: Some managers may be leaving their positions because they do not feel that their compensation and benefits are competitive or that their company does not provide enough benefits that make a difference for them.
It’s important to note that these factors may vary between different industries, as well as between different companies within the same industry. Managers’ reasons for leaving a job are personal and based on many factors, therefore, it’s important for companies to understand the reasons behind employees’ decisions in order to take steps to address the issue.