No matter what industry you’re in or where you are in the world, employee turnover is a going concern for companies and organizations alike. Whenever an employee decides to leave, the entire organization and the team get affected. Gallup recently conducted a study where they discovered that for an individual employee to be replaced, the business will end up spending anywhere from half to double their annual salary.
Let’s look at some of the top reasons why employees end up making the choice to quit their jobs:
Feeling Limited or Stifled
It is crucial for your employees not just to know, but to fully believe that they are trusted. Give them some autonomy and let them work as independently as possible. If an employee is constantly micro-managed or scrutinized, aside from their morale lowering, the tendency is that they will disengage entirely. Their productivity will be impacted in a negative way, all because your management style involves practically breathing down their neck.
The opposite can also be true, however. Some employees may need a little more guidance and a nudge in the right direction as they go along the workday.
Your best bet is to check-in with your staff and collects feedback. In turn, you should also give them productive feedback. It goes both ways, feedback should be consistent and often so that a performance review or worse, termination, is never a surprise.
Feeling Mismanaged
Managers usually have several years of experience under their belt, however, this does not always guarantee that they have the people skills that are crucial for the job. This skill gap one of the most common factors that eventually have employees looking for other companies to work for. It is key for managers to be able to pinpoint both their strengths and their weaknesses and to have the self-awareness that they have room to grow. Human resources (HR) can play a role in this by making sure management has access to resources such as seminars, workshops, or even team-building activities.
Having a manager or a management team open to change will be incredibly beneficial for your staff and business overall. Employee engagement will rise, as well as motivation, which will ultimately increase productivity and decrease turnover.
Feeling Underappreciated
69% of employees would put more effort into their job if they were appreciated for working hard in the first place, a recent study found*. It’s a human reaction; everyone wants to be appreciated when they put time and energy into something. With little to no appreciation, employees’ morale lowers, and they lose motivation.
Appreciation doesn’t have to be extravagant. Simple praise can go a long way, whether it’s a private chat, handwritten note, or a mention during a staff meeting. Other ways can include gift cards, lunches, and outings. Of course, a bonus, pay hike, or promotion could also make a world of difference. Aside from boosting productivity, appreciation and recognition, it makes the employees feel happier.
Conclusion
There are several reasons why employees end up quitting their job. For the most part, these are all things that can be remedied one way or another through HR functions. Ultimately, when employees do not feel they are valued, they will seek better conditions elsewhere.
In need of the best HR solution company? Drop us a line today! We are an Edmonton-based HR consulting firm that assists small- and medium-sized businesses with anything related to their human capital.
*Source – Tiny Pulse
