The Top 10 Reasons why Employers Lose Their Best People
Employee retention can be challenging in today’s business world and that, even after special attention has been placed selecting and training them.
The reason for losing good employees are many (e.g., personal, professional, health) and while there are certain reasons for which nothing can be done to prevent them from leaving, there are numerous situations where retention can be increased.
Are you losing one of your top performers for one of reasons below?
1. A Non-supportive Boss
We have all heard that dissatisfied workers don’t leave companies, they leave their managers. Look at your communication style and get to know your people and what motivates them.
2. Lack Of Leadership
Many organizational managers are poor leaders. Rather than inspire, they lack the ability to motivate; sometimes they even demotivate. Many managers have found themselves in leadership roles quite by accident. They were top performers on a technical level themselves, and either became supervisors by promotion or by ownership. This does not make them inherently good and productive managers of people.
3. A Negative Environment
A negative atmosphere in the workplace is not only stressful but it’s also harmful on the morale, wellbeing and health of workers. It can decrease both employee retention as well as clients and customers retention.
4. Lack Of Appreciation For One’s Contribution
Appreciation is positive feedback for the contribution one makes to the organization. It’s important to recognize how an individual’s ideas, work and time contribute to the efficiency and success of the organization. When new ideas go unsupported in the department, both creativity and connection decrease. With time, people disengage and risk of desertion increases.
5. Lack Of Work/Life Balance
A lack of flexibility or understanding that people have a life outside of work creates stress for everyone.
6. Lack Of Teamwork
A chronic lack of cooperation with colleagues or other departments, often leads individuals to isolation, alienation and eventually leaving.
7. Lack Of Performance Appraisal
Make sure that performance appraisals are performed on a regular scheduled basis, not just when someone begs for a raise.
8. Lack Of Fair Compensation
Not being paid for one’s worth can be a contentious issue. Dissatisfaction with salary usually shows up only after several of the above concerns have not been addressed. Don’t forget to assess all other possible frustrations with your employee not just salary.
9. Lack Of Role Description
Without a job description, an employee is less likely to understand his or her role or know whether expectations and objectives are met.
10. Lack Of Intellectual And Professional Opportunities
Most employees aspire to express their intellectual pursuits and professional talents and see their career flourish. When companies fail to tap into this source, individuals are left frustrated and are at higher risk of leaving and getting their needs met elsewhere.