New hires are almost always excited about their new role, company and the opportunities ahead of them. But, after the initial excitement fades, they may start to wonder if there are better opportunities being offered elsewhere…
If your company is struggling with a high turnover then you cannot ignore it! Here are the top 3 reasons as to why your employees are leaving and what you should be doing to retain your staff:
1. Lack of progression
More often than not, employees switch jobs because they don’t see a chance for self-development, i.e. they may not know what skills their employer wants them to have or the amount of experience that would be necessary for them to be get that promotion.
Recognise their efforts and promote/praise/reward them accordingly so that you maintain their motivation to the job and company.
2. Lack of communication
As their employer, you should actively find out what their individual goals are and begin to form a plan on how they can achieve them, being clear about their opportunities for training and salary raises.
It is important to regularly (twice a year minimum) arrange a personal development review, allowing you to discuss the progress they’re making and how to continue to progress.
3. Disconnect with managers
Employees need to feel connected to their managers otherwise there will be a lack of understanding and possibly respect, which is demotivating for both parties.
Our suggestions? Daily or weekly team meetings to discuss current workload & team targets and monthly one-on-one meetings to discuss personal targets & performance. These catch-ups will allow the manager to build stronger relationships and rapport with their team and ensure each team member feels valued.
If an employee is set on leaving then there is not much that you can do about their resignation, but, it is worth noting that turnover is usually due to factors that could have been amended!