Employee attrition is a serious issue that causes many problems for the employee and the company itself. The turnover rate is increasing in some companies, especially small companies where the employees feel dissatisfaction for a variety of reasons. Some of the reasons are related to the company’s policies and rules, and some are related to the employees’ circumstances.
Some reasons to leave a job are low pay, long working hours, a negative working relationship between employee and supervisor, hiring the wrong staff who lack knowledge or are not well educated for the job, lack of training, promotions, and benefits.
Training is very important for new employees and old employees as well. It is good for them whether to improve their skills or gain new ones for their careers. In addition, training plans such as IDP (Individual Development Plan) are very important, especially for new employees; it is a good thing to let them understand their job very well. Also, it helps them to know what they will be in the coming years.
Employees always need to feel safe in their job by having a clear idea about what the rules are, and in which position they will be in the future. Giving employees a very clear job description and scale make them very productive and devoted.
In addition to promotions, job seekers always prefer to have a job with some benefits such as, good allowances, medical insurance, discounts on fitness centers and bonuses.
Low pay is a disappointing thing, especially with long working hours. So, raising the low salary at least 5 percent a year will make the employees pleasant and more active.
Long working hours is one of the strongest reasons for employees to quit their jobs. Some workers are students or have families to take care of, so they can not handle long work hours and maintain quality in their performance. In fact, the best solution for this case is not giving the students a full time job, and cooperating with the employees who have families by creating a good relationship with them from the manager’s side.
Negative work relationships between employees and supervisors have an effect on employee morale. It will make them feel under pressure all the time. In addition, it will make them feel distrustful of their supervisors because they know that their supervisors will not give them what they really deserve. Actually, some companies found that trained supervisors are more efficient than the supervisors who just studied general business or have experience in a different field, so hiring the right supervisor for the position is needed.
Recruiting the wrong staff affects company performance. Recruiters have to choose well-educated employees who have a vast knowledge about the department that he or she will work in. Also, they need to consider experience as an important element in the candidate selection process.
Reduction in workforce costs the company a lot of money; it is very expensive. Actually, the high rate of turnover means low production and profitability. In addition, the process of hiring replacement employees is costly. The company needs to pay for the advertisement of vacant jobs,training programs and reserve a place for interviews if there are a lot of vacant positions, such as a hotel hall. However, companies have to be ready for a shortage of employees at anytime. They need to have temporary solutions such as having a number of stand by’s and a data bank of C.Vs.
Lastly, scheduling training programs for employees, promoting them, increasing their salary, motivating them, and appreciating their work, will result in increasing company revenue. It will also create happy and productive employees which will help the company to retain them.
* Photo source:
http://emilybennington.com/leadership/what-do-employees-want/