5 Reasons Why Employees Leave Their Jobs
By Mikkie Mills
In a world run in a fast paced momentum, some companies go through a high percentage of employee turnover. To find out if you are going through the same rate here’s how you can compute your employee turnover rate. There are multiple reasons why employees would quit their job, but most of the time, employees quit their bosses not their job.
Quitting Their Boss
In every job, there are certain positions higher than the other and these hierarchies can be abused at times. There are HR rules and regulations a company follows to prevent this from happening, but it is not enough. In most cases, the bosses, as they should, puts the business in front of everything; however, this causes the employees to be neglected. As Richard Branson said, “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” The issue can be resolved by simply seeing your employees as an individual, and not simply one of the employees you have. You do not necessarily have to be their friend, but you simply have to treat them with respect, in the way you would want to be respected. A business with a high turnover rate because of employees quitting their bosses can become a domino effect, and may lead to an entire business going down. Quitting bosses is not the only factor, because there will always be people who will stay under these circumstances, another one is the stress that comes with the work.
Stressful Working Environment
Having a stressful work environment can affect not only your employees, but as well as your clients. Whatever the business could be, especially related to hospitality and customer services, clients has the ability to know if the employee attending to them is troubled or under pressure. Some of these clients may care or not; however, it only takes some time for the employee productivity would go down, thus affecting your clients. Employees who are at high-stress nature job know how to handle on the job related stress, but if the stressor becomes other than the job itself, employees tend to act negatively. Eliminating as much stressor as possible makes a better environment for employees.
Stagnant and Repetitive Routine
Jobs that do not require much change in the routine, or a jobs that are not goal oriented can make an employee feel stuck. A position where employees feel like they are not using or developing the skills they are hired for gives an employee a boxed view of their job. This can lead to an employee looking somewhere else to find the satisfaction they crave in their jobs. Having an employee reward and recognition system can go a long way. This can reduce the stuck feeling employees have and they would feel more drive doing their workload. However, this is not enough to keep a productive and motivated employee. They would want to be compensated more if they work hard and always meet the goal that is set.
Wages and Benefits
Needless to say, if an employee is productive, motivated, and have developed skills set, they would start looking for better paying employers. Labor cost, in every industry, cuts a huge chunk of the gross revenue. This is where you look at your competitors. You must look at how much they pay their employees and what benefits they receive, and consider your revenue and profit. You don’t have to be on top, it simply has to be competitive enough. You have to know your employee’s worth.
Micromanaging is one of the most annoying thing to do whether you are an employer or employee. Giving your employees autonomy makes them feel you trust them and inspires them to do better at their jobs. This can also drive up the satisfaction rate of working for your company. Most people would rather work for a company who trusts them than the one who pays them more, but micromanages everything that they do. Some business establishments would think this micromanaging ensures them on getting every penny they pay an employee; however, this would do more harm than good. The job would become stressful and they would hate their boss who is always up in their business. You hire employees to duplicate your time so you can do other work that needs your attention.
A business will always thrive when they take care of the balance they have on managing their employees and taking care of their employees. Keeping an employee that has high productivity and skills set is crucial for your company. The training and the overall investment upscales your employee to better take care of your clients, and if you are not careful you might lose an asset.