The more the
employee turnover, the heavier the fluctuation in a company’s overall
performance. Employee turnover is an expensive affair that affects the entire HR
budget. Poor management can cause the normal employee turnover to rise to an
extreme level. However, the impact of high turnover not only affects financial
aspects; it also adversely affects morale of employees.
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Apparently,
it’s crucial for organizations to decrease turnover rates. In order to reduce
it, organizations must first recognize the key reasons. The subsequent list of reasons
would help you know them:
Rude behavior
Everyday humiliations
have an adverse effect on productivity. Blaming, rudeness, ego and revenges are
the reasons that intensify employee turnover in organizations. Mistreating
employees leads to a negative work environment. It worsens the situation when
your company is already on the verge of losses.
Work-life Imbalance
To increase productivity
and achieve business targets, organizations demand one person to perform work
more than his/her capacity. It heavily influences their work and personal life.
When an employee gives more than 8 hours, it naturally starts affecting his/her
personal life. Eventually, it increase the stress level and affects the quality
of work.
Meeting Expectations
Interview is
a face of the company for an interviewee. He/she judges what the company can
offer in the future and what will be the possibilities of success here. Initial
descriptions and promises help making the mind of interviewee whether to go
with the job or not. If he/she finds any differences between the words said at
interview and actions later, it destroys the retention.
Training & Feedback
It’s all
about how a manager improve the performance of employees through constant training
and feedbacks. Training helps them understand what exactly the assigned tasks
required to perform. Feedbacks helps them know how they are performing.
Ultimately, it facilitates organization to achieve their goals. Lack of training
affects the confidence level of employees despite their proficiency level as
every assigned task requires different professional approach.
Promotions & Rewards
Over the
years, studies have revealed that money isn’t usually the key reason employee
leave an organization. There are different other crucial factors which
collectively influence the retention. However, money stand high when employees can
find other job paying 25 to 30% more. Promotions and raises are morale booster
and build confidence as well.
What makes
you able to decide the reason of employee attrition is what you still has not
implemented putting yourself in your employees’ shoes. You must think that way!
Author Bio: A firm believer of “Everything Happens for a Reason”, Vikash
has been writing on plenty of subjects for internet. Presently, he is
associated with recruitment technology industry and sharing tips on the best HR practices through the use of HR technology and beyond that.
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