Here is an excerpt from an article written by Jacqui Barrett-Poindexter and featured at the Glassdoor website. To read the complete article, check out other resources, and sign up for email alerts, please click here.
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Good managers know very well how expensive employee turnover can be and work diligently to keep those costs at a minimum. It is a fact that not every employee can be retained no matter how fairly they are treated, and some are actually welcome to leave.
Below are [three of] ten reasons employees resign, along with suggestions for retaining those valuable players that are hard or impossible to replace:
• Employees Feel Underappreciated. Those who leave for this reason aren’t looking for a pat on the back every time they show up for work on time or finish a task. They simply need to be reminded from time to time that their contributions are a value to the team. Ignore them for too long, and they will seek that appreciation elsewhere.
• A Lack of Proper Compensation. This is a big one and should be addressed even if the company feels it is being fair. It is no secret that companies that are the most generous in this arena are also some of the most successful.
• Insufficient Time Off. In an attempt to do more with less, some employers are saddling their employees with additional workloads to compensate for a leaner staff. Initially, this approach may result in a healthier bottom-line, but ultimately it will lead to higher turnover cost and lower production as workers begin to tire of the rigorous schedule forced on them.
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To read the complete article, please click here.
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