From rehiring to retraining new employees, the implications of high employee turnover are costly. Fortunately, business owners can take steps to keep their employees on board if they understand the reasons why their staff is jumping ship. If you’re ready to troubleshoot your turnover, check out these five possible reasons why your employees keep leaving.
A lack of appreciation or recognition
Employees who feel unappreciated and unseen in their roles may leave to work at another company, hoping that their hard work will be recognized elsewhere. To remedy the challenges associated with employees who feel invisible, consider implementing an employee recognition system.
When it comes to helping your team feel valued, a little goes a long way. You can show appreciation to your employees by stocking their favorite snacks in the office, giving out awards to those who are excelling, letting your staff voice their concerns, and implementing the changes they suggest when you can.
Finally, don’t underestimate the power of gifting. You can show your employees that you care by using resources like this gift guide (https://www.pfrcorporategifts.com/) and purchasing thoughtful gifts that they’ll remember.
Disgruntled employees don’t quit jobs – they quit managers. Unfavorable management remains one of the most significant reasons for high employee turnover. After all, leaders who cannot provide direction and motivation effectively decrease morale and employee performance. If you notice that a specific department in your company is hemorrhaging employees, you may want to evaluate the department manager’s leadership skills.
When employees are physically or emotionally exhausted by consistently intense work, they may experience a psychological phenomenon referred to as burnout. Job burnout is a direct result of prolonged, work-related stress and typically decreases personal well-being and professional success.
If you want to combat burnout, prioritize promoting a healthy work-life balance for your employees. Encourage your staff to take personal days when needed and discourage them from taking on too much work. Consider offering your employees the opportunity to invest in their wellness by encouraging them to take time each day to work on their fitness, nutrition, or sleep goals.
While unsupportive management and poor work-life balance may make your employees run the other way, getting paid too little will ruin a worker’s experience most quickly. Higher wages have been directly linked to improved productivity and decreased turnover, which will save your company money in the long run. Setting an increased wage standard will also attract more educated and professional potential employees.
A quarter of employees who quit their jobs leave for personal reasons alone. Although potentially happy with their employment situation, these workers may have experienced extenuating circumstances, including familial emergencies, dependent care issues, illness, mental health concerns, etc.
While these challenges may seem out of your control, business owners can reduce turnover by intentionally implementing support systems for their workers. With access to an Employee Assistance Program (EAP), your staff will gain access to confidential counseling, assessments, and healthcare support, which may help them stay employed during their trials.
Losing employees can be frustrating, especially once you’ve put work into training and building relationships with your team members. Still, staff rarely hit the road for no reason. If you can implement turnover-busting practices like showing appreciation, offering resources for support, and encouraging work-life balance, you can head to work feeling confident that you’re doing what you can to keep your team happy and healthy.