As an employer or manager, you may find yourself asking “why do workers keep leaving?” For some organizations, high turnover rates are a real issue. For others, retention is a lot better, but still leaves something to be desired. No matter where you are at with retention rates, it is important to ask yourself why employees are leaving. Do you offer enough benefits? Do you provide enough salary incentive? Is your managing style to blame? There are many factors to consider, but some of the top things to ask yourself include:
Am I paying my employees enough?
Unfortunately, as an employer, you may not be able to do much about this question. Sometimes, what you can afford to pay employees just won’t be enough. However, before you lose great employees because you cannot pay them what they want, you should sit down with them, explain the goals of the company, and how you see them fitting into your future. By including employees in your company goals, you can provide them with a real sense of value.
Do I provide enough benefits?
Benefits are another tricky issue when it comes to employees leaving. Like salary, your hands may be tied with what you can offer and you cannot really do more than what you provide. For things like insurance, that may be the case. However, you can offset that by offering non-traditional benefits like an extra personal day, lunch once a week, or even allowing some employees to work remotely. When it comes to benefits, think outside of the box.
What is the work environment like?
One thing to examine when it comes to why employees leave is the work environment. This includes things like culture, organization, and cleanliness. Do you provide a comfortable place for office workers to take their lunch? Are warehouse workers have access to a clean space wherein they can take breaks? These are the types of things you should consider when it comes to the work environment you provide for employees. You may be surprised just how many of your employees are leaving because of these issues.
Is my managing style working?
This one may be tough for many to face, but some employees just do not mesh well with certain managing styles. If you find that you have a high turnover rate, then maybe you need to examine the way you are managing. Are you to hands-off with your employees? Maybe you micro-manage your employees? While there are many different ways to manage, you also need to be adaptable to what your employees’ needs are.