Fixing The Growing Employee Turnover Rate By Understanding Why They Leave In Waves
Updated: Aug 24, 2019
To have the recruitment and training preparation for a new employee to fill in the vacancy, it usually costs around 6-9 months of the former staff’s salary. That’s the reason why it’s critical to understand the causes of the employee’s leaves before you can stop them from leaving.
One of the first reasons that cause your men to quit is your working environment, when one person on your team perceives a problem, it is highly possible that others might face it too. If that issue is big enough to make one wants to change their job, it can cause the same effect to others.
Secondly, sometimes people will get disillusion about their job after a period of working, in these moments, any other job outside will have better appeal just like people always say: “the grass is always greener on the other sides”.
In another circumstances, the departure of one employee can also render the option to leave more considerable for his or her colleagues. As long as the irritating problem keeps bugging people, they will keep leaving until a real solution or an improvement appears and fixes the situation.
Then, how can we stop the Employee Turnover Wave from increasing? Here are a few tips for your enterprise to try for now:
The ear of the leader must ring with the voices of the people— Woodrow Wilson
Listen to your employees is always a good way to figure out the problem and how a company can solve the ones of their employees.
Understand that your employee’s departure is a signal that your enterprise need to make new changes and appreciate this.
Honest, open-minded and personal conversation weekly to know the source of problem in order to keep them at bay. Besides, fast action on everything you get from the discussion can build your employees’ trust over time.
As critical as to listen, is to show empathy to your employees.
5. Succession Planning
Losing a single employee can cost tens of thousands of dollars - Deloite study
You do not have to worry about the amount of money when there is someone who can move up when your key employee leaves already. If you are concerned about how develop succession planning takes time, no more worrry. Communicate a positive message to your employees, even if they're leaving with assurance knowing that Jolie Siam will lead you to Smooth Transition. Our hotline: 0938109989