Are you aware of the causes behind employee turnover and ways to reduce it? Keep reading to find out how to reduce employee turnover.
The concept of employee turnover isn’t a new one. There are multiple reasons why employees leave their jobs. Some of these reasons are unavoidable and sweating over them would be a waste of time. However, if a resource has left because of lack of job satisfaction and unhappiness, then you need to make a few changes in your organization.
Keep reading to find out the causes of employee turnover and how you can reduce it.
Causes of Employee Turnover
The Absence of growth
To retain your employees, you need to present them with enough opportunities of growth and progression. If the employee feels as if he is trapped, he will start looking for opportunities to leave the job and join an organization that gives him the stature that he deserves.
It is a no-brainer that when work increases, you give your staff more and more responsibilities. During hard times, you might have to let some people go and ask the rest to fulfill their tasks, thus forcing them to work overtime. Asking your employees to give up their personal life doesn’t have a positive impact, and a time comes when they decide to leave the organization because they are overworked.
Little Decision Making
Some managers have a habit of micromanaging certain projects. In some cases, this approach might work, but mostly it minimizes the opportunities for creativity and innovation. The lack of creative freedom and the ability to make decisions can easily frustrate and agitate employees and decrease employee satisfaction. Agitated employees eventually resign and join a new organization.
Bad Employee Selection
It is not every day that you find the perfect employee. However, forcing your company culture and practices on an incompetent employee will never work and will eventually backfire. Even though you are in need of a new resource to fill the post, if you find the wrong person for the job, you will find yourself looking for a new resource in no time.
Giving regular feedback to your employees shows how concerned you really are. If you don’t give any feedback, the employee will feel neglected and will look for better opportunities. Furthermore, honest feedback helps employees manage their work load and refocus on their tasks. Without feedback, an employee will feel disheartened, which will force them to leave your company as quickly as possible.
How to Reduce Employee Turnover
Let’s take a look at some ways to minimize employee turnover.
- Reward and compensate your employees.
- Invest in the professional development of your workforce. Send them for trainingand workshops
- Be very particular about who you hire. Don’t hire anyone in haste. Before you hire, make sure you define your goals.
- Make sure you and your employees maintain a work-life balance.