Your Best Employees Are Leaving You for 5 Reasons
It is true that good workers are hard to find. The people with the right skills, the right attitude – who fit well into your organization – are critical to the success of your company. Therefore, you do not want to lose any of the quality employees that you already have. However, you may be surprised why these people are leaving you.
Here are the top 5 reasons:
Stability and growth
Salary is not everything. Good employees want to know that there is a future with the company, and 16% will leave if they feel that they have no future. In addition, most people crave stability. A regular paycheck, a stable job, knowing the future are all things that we look for. So if you can clearly communicate career progression and growth opportunities within the company you can hold onto key employees.
Respect
Thirteen percent of your workers will quit because of the way they are treated by their supervisor. People do not quit their job, they quit their boss. The employer-employee relationship has become more important than ever and micro-managing, a lack of trust, and failing to listen will all contribute to losing top talent. Managers who provide direction and feedback, take time to listen, and spend time with the employee are more likely to cultivate a long-lasting professional relationship.
Culture
You spend most of your waking hours at work, so it only makes sense that you enjoy being there. Studies show that companies who align their overall vision and goals with a focus on company culture grow in profits. Those who don’t – well – don’t. Culture is also critical to the hiring process. Top talent does not need to come work for you. You have to give them a reason to want to work with you. Culture can be a great step in that direction.
Work-Life Balance
Once seen as a need for only a small percentage of the workforce (i.e. working moms), work-life balance has seen an uptick in importance as traditional family norms morph and change. An increased emphasis is being placed on adjustable hours, flexibility, and being home in time to effectively raise a family, or care for an aging relative. Having a modern workplace with family-friendly policies can help retain top talent looking to balance their lives with work.
Compensation
Approximately 12% of your employees will leave because of money. Compensation is not the #1 reason people leave jobs, but it is a key reason. With websites like Glassdoor.com and Salary.com, talent knows what they are worth, and non-competitive pay can still be a deal breaker for many employees.
At Snelling, we understand the workplace, and when the time comes we can help you find the best talent available. We also provide workforce solutions that allow you to provide a certain level of flexibility to your workforce and profitably grow your company. So if you are looking for a workforce solution today, visit our website and locate your local Snelling office today.
