It’s not the money – it’s working conditions, stupid!

For chief executives and HRD 'managers' constantly cribbing about talent attrition, here is an eye-opener - three out of every five Indian professionals who quit their jobs do so due to lack of promotion despite their performance, and almost half of them say flexible work hours could be an incentive to stay back, says a recent survey.

Lack of communication and involvement by top management is another major reason for seeking a change of employer, says the study, conducted by global workplace solutions firm Regus.

A majority of Indian professionals are likely to quit their jobs not for bigger pay packets, but due to lack of promotion avenues despite good work in their current job.

Businesses that are not providing all the trimmings may be heading for a brain-drain of their best talent, adds Madhusudan Thakur, country head Regus.

The survey, which sought to fathom reasons that make employees quit, revealed that nearly half of the respondents who wanted to leave their jobs said their decision was due to lack of communication and involvement by the company's top management. Around 30 per cent of the respondents said they did not want to stick around due to lack of company vision.

A fifth counted their boss taking credit for their own work among the reasons for quitting. Another 20 per cent of those surveyed felt that a shabby workplace was good enough to resign. This, according to the study, leads to stress among employees.

Bonuses and job perks may have been cut back to weather the economic storm, but as growth picks up, employees are flocking to businesses that promise them better work conditions, Thakur said.