When your business is experiencing an increased workload and staff seem to be coming and going, it can cause significant stress on your company. Employee turnover rate can have a ripple effect, as a worker leaving puts extra strain on existing staff members and may cause them to start looking elsewhere for jobs. Here are some reasons why employees leave and what you can do to prevent this:
No Motivation
Keeping engagement levels high is important for a strong workforce. Productive employees contribute ideas, help their colleagues who seem overwhelmed and actively look for more work to prove themselves.
If you notice any of these traits slipping from a staff member, it’s likely their motivation levels are falling. If you ignore these signs, it’s probable that they could look for other work. Make sure to do something about it before you lose them to another company.
Bring someone back into the zone through communication. Arrange team building activities, listen to all thoughts and ideas and communicate with them regularly through meetings or arranging a one on one catch-up. Maintaining an open-door policy is an effective way of keeping staff content, as they feel comfortable sharing any problems or thoughts.
Most employees want to feel they are taking the right step for their career. Along with arranging meetings to discuss projects, take time to review employee roles and what their future expectations are in the company. Try and give all team members growth opportunities when possible as they are more likely to stay when they can see progression in their roles.
Management Style
One of the biggest reasons for a high employee turnover rate may be due to poor management. Any employee you assign as a project manager must be ready to lead a team through motivation, not intimidation. Ensure team managers have the skills and resources needed to successfully adapt to their new roles.
This can be done through training courses and regular reviews, spending time answering any questions and listening to ideas. Get feedback from employees on their manager, ensuring it’s confidential so you will receive honest information.
This may prove time-consuming but will be worth it. Solving any problems or personality clashes between staff and their manager will prevent your employees from developing a wandering eye.
Head-Hunters
In this digital age, platforms such as LinkedIn are full of recruiters on the look for top talent. If an employee is content with their job, they will usually refuse any offers that slide into their direct messaging. However, if they see pound signs in the job description, then it may be an entirely different story.
Directors should have a general idea of salaries respective to their industry and what compensation is being offered by competitors. Conduct regular pay reviews and surveys to check how your workforce feel about their salary. Staying on the same page in terms of pay will be appreciated and stops your team from looking elsewhere if money is their motivation.
Offering benefits is as important as a good salary. Flexitime, paying overtime and team days are all good incentives to keep your team satisfied and motivated.
High turnover rate is a common problem for many workplaces and with understanding the main reasons why and how to prevent it, you will stop your company from suffering the same fate. Keeping your team motivated, content and managed will lead to a loyal and determined workforce who want to help your company succeed.
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No Motivation
Keeping engagement levels high is important for a strong workforce. Productive employees contribute ideas, help their colleagues who seem overwhelmed and actively look for more work to prove themselves.
If you notice any of these traits slipping from a staff member, it’s likely their motivation levels are falling. If you ignore these signs, it’s probable that they could look for other work. Make sure to do something about it before you lose them to another company.
Bring someone back into the zone through communication. Arrange team building activities, listen to all thoughts and ideas and communicate with them regularly through meetings or arranging a one on one catch-up. Maintaining an open-door policy is an effective way of keeping staff content, as they feel comfortable sharing any problems or thoughts.
Most employees want to feel they are taking the right step for their career. Along with arranging meetings to discuss projects, take time to review employee roles and what their future expectations are in the company. Try and give all team members growth opportunities when possible as they are more likely to stay when they can see progression in their roles.
Management Style
One of the biggest reasons for a high employee turnover rate may be due to poor management. Any employee you assign as a project manager must be ready to lead a team through motivation, not intimidation. Ensure team managers have the skills and resources needed to successfully adapt to their new roles.
This can be done through training courses and regular reviews, spending time answering any questions and listening to ideas. Get feedback from employees on their manager, ensuring it’s confidential so you will receive honest information.
This may prove time-consuming but will be worth it. Solving any problems or personality clashes between staff and their manager will prevent your employees from developing a wandering eye.
Head-Hunters
In this digital age, platforms such as LinkedIn are full of recruiters on the look for top talent. If an employee is content with their job, they will usually refuse any offers that slide into their direct messaging. However, if they see pound signs in the job description, then it may be an entirely different story.
Directors should have a general idea of salaries respective to their industry and what compensation is being offered by competitors. Conduct regular pay reviews and surveys to check how your workforce feel about their salary. Staying on the same page in terms of pay will be appreciated and stops your team from looking elsewhere if money is their motivation.
Offering benefits is as important as a good salary. Flexitime, paying overtime and team days are all good incentives to keep your team satisfied and motivated.
High turnover rate is a common problem for many workplaces and with understanding the main reasons why and how to prevent it, you will stop your company from suffering the same fate. Keeping your team motivated, content and managed will lead to a loyal and determined workforce who want to help your company succeed.
For more helpful HR tips and advice, CLICK HERE to sign up to our newsletter.
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