Since the corporate division moved from the mountains to Broomfield in June 2010, turnover has been terrible. The initial departure of 40-60% of staff wasn't surprising, but people have been consistently leaving since that initial event. In the last several months, I would estimate a person per week has left from our floor.
This has left a huge void in the company as people are being promoted due to existence and not ability, and no one in upper management has dared to bring up the issue in an all staff setting. Instead, they stick to the talking points of "we are average in compensation and benefits" and "the employee survey showed employees are happy!" even though that survey included seasonal employees who just wanted the free pass.
As to why people are leaving, compensation is a big reason, particularly that there is no additional compensation beyond a paycheck (no bonuses, no profit sharing, no "good job" Starbucks gift certificates). Benefits are completely average with health, dental, 401k (0.5% match up to 2%), and time off amounting to 2wk vacation and 8d holidays, but lumped into a Paid Time Off (PTO) bucket that makes it look like we're getting more. With the corporate environment like it is and upper management playing mute, people are jumping for other companies that offer even a day more of vacation time.
