No company likes to deal with turnover, but it happens. However, if you find that your company is constantly needing to replace employees, chances are it’s due to something that you’re doing wrong. Take a look at the list below and learn the seven reasons your employees want to leave. If you fall victim to any of these, make the changes now before it’s too late.
- No development opportunities.
Most employees today are not okay with keeping the same mundane job forever. Instead, they want to be challenged, and they want the opportunity to grow. If you’re not giving your employees the opportunity to develop skills, they will find another company that will. Make sure that you are giving your employees the right opportunities. Find webinars, seminars, or training they can take to expand their skills. Give them the opportunity to work on something outside of their responsibility. Make sure you always try to promote from within. When you help your employees develop, they’ll be more willing to stick around.
- Poor benefits.
You may not realize it, but offering employee health insurance and other benefits is more important than salary. Due to the rising cost of healthcare, employees want to know that their health is cared for in some way. If you offer poor benefits packages—or no benefits at all—you’ll have high turnover. Instead, do your research and find an impressive benefits package that’s attractive to your employees. When you do this, you’ll find that they’re more motivated to stay with your company.
- Bad management.
Management will make or break your business, and if you have bad managers throughout your company, you’ll see more people leaving. Make sure that your managers lead your employees to success. Be sure to hire the right people, and if someone isn’t working out, be sure to either help them hone their skills or replace them with someone who can do the job better. IF your employees have bad leadership, it will be reflected in their production, so don’t put your company’s success at risk.
- No flexibility.
Everyone knows that having a job is important, but finding a work-life balance is too. If you don’t give your employees any flexibility in their work, they will be unhappy. No employee wants to be forced to miss every one of their child’s soccer games because they have to work, and no employee wants to be punished for leaving early to see the doctor. When you give your employees more flexibility in their schedules, you’ll find that they’re happier with your company overall.
- Little to no praise.
It’s a small gesture, but simply giving credit where credit is due can go a long way. If you have employees that work hard for you every day, but you don’t acknowledge their effort, they will move on to a company that appreciates what they can do. This doesn’t meant that you have to implement an Employee of the Month policy, but it means that you should make it a point to recognize those who go above and beyond.
- Rigid rules.
Every company has rules, but some are more dated or stricter than others. If your company is stuck on old policies, it’s going to come back to haunt you. Millennials and Gen X are quickly moving into your workplace and Baby Boomers are moving out. What worked for the older generation will not work for the newer generations. You need to become more flexible with things like dress code and work hours. If you don’t, your employees will not stick around for long.
- No creativity.
There’s not one right way to do something, and if your company has this mentality, you’ll find yourself constantly searching for employees. If employees are suggesting more light, or a whole office redesign, it might be best to listen to them. They are the engine of profit, spending some to get the most out of them could be a major profit turner for 2017.
Let your employees use creativity. Listen to the ideas they have and allow employees to try something new. You may just find that one of their ideas completely changes the face of your company for the better.
Turnover can be expensive, and if your company is falling victim to any of these issues, you’ll find yourself desperately trying to replace employees regularly. Instead, make the necessary changes and boost the morale at your company.
