A high employee turnover rate is one of the reasons why organizations lose out a lot of their business and money. Every time an employee leaves the company, you need to find a replacement and train them to fit in that job role. The entire recruiting, onboarding and training process could take lots of time, money, and effort.
There can be a multitude of reasons why your employees leave the company, of which some of them are not in control, so you cannot do much about it. However, there are many reasons which are in the organization’s control and as a manager, you can take certain steps that help your employees to stay with your company for a longer period. In this article, we are going to discuss all those reasons why employees leave their job and what you can do about it.
1)They don’t see their future with the company:
Any professional wants to grow in his/her career in every which way possible. It can be technical skills, soft skills, and money. If they realize that they are not growing in any of these aspects, they look for an alternative. To counter this issue, managers can focus on offering training opportunities to their employees where they can upgrade their skill set and perform well at their job.
These days, training can be done on a limited budget with the help of tools like learning management systems where you create, manage and deliver courses effectively. Also, offering incentives and a higher percentage of hikes can motivate your employees to stick with the company for longer.
2)They are not engaged:
Engaging the employees is another biggest task for any manager. If your employees are not enthusiastic and dedicated enough to perform their job, they tend to look for another alternative. As a manager, you can try to motivate the employees by offering incentives, flexible work options, regular informal meetings, appreciating the efforts, and much more.
Some of the employees leave the company within the initial six to eight months and the most common reason for that is employee engagement. Right from recruiting to onboarding, throughout the initial employee training, and when they finally settle, you must ensure your employees are engaged with what they do. To make your recruitment and onboarding process more interesting and engaging, you can make use of onboarding tools.
The other reason why employees leave their company is that they have a bad equation with their boss or they don’t like workflow. Employees and the boss don’t need to be good friends, but they should have a good formal and working relationship. For this, organizations must ensure that their employees and managers have a healthy relationship between them. Let them communicate more and maintain a positive work ethic so that their relationship with each other strengthens.
Work-life balance is another reason why most employees look for a job switch. If employees feel that their work schedule is hectic, their productivity drops down in the long run and they get disconnected and disengaged with their work. As a manager, you need to ensure your employees do not work beyond a certain number of hours per day. Measure the productivity of your employees by the volume of work they do at the end of the day rather than being particular about the timings.
To wrap up, if you can pay attention to these factors, you can reduce the employee turnover rate in your organization. There can be more reasons like not getting enough recognition for their efforts, bad peer group and micromanaging, etc which can be more reasons why employees leave their job. We hope this article helps you to find out the reasons why your employees leave your organization and find a quick fix to it.