For business owners, keeping your best staff on board should be a top priority.
High employee turnover can bring a business to its knees, costing a huge amount both financially and in terms of lost productivity. And with the news that employees are leaving their jobs in record numbers – and two thirds of businesses are struggling to fill their vacancies – it’s definitely worth thinking about what exactly you can do to improve retention.
Staff generally have frustrations with a business that motivate them to leave; however, this doesn’t mean that you are powerless to stop it. In fact, it’s been estimated that a huge 77% of staff turnover is preventable, as many employees leave due to reasons such as lack of personal development opportunities or poor management – all of which can be rectified with the right business decisions.
It’s vital that HR and business leaders really take on board what’s said in exit interviews and take steps to improve upon the issues that employees repeatedly bring up.
To help you out, our friends at Maximillion have put together the following infographic which looks at the most common reasons that staff choose to move on to pastures new. These include issues like poor work life balance, wellbeing, and inadequate compensation and benefits. They’ve also included some helpful tips on steps businesses can take to improve on each of these problems, and make sure their most valued staff members stick around for years to come.
Take a look at the infographic below.
Author
Paul Slezak
With over two decades of experience in the recruitment and human capital industry, Paul Slezak has established himself as a transformative force in the realm of leadership and career coaching, group facilitation, and talent acquisition. His unique perspective, drawn from his early career as a leader in global recruitment firms and his entrepreneurial success with his own start-up, has enabled him to make a significant impact on leaders, teams, and organizations across the world. Paul's passion for helping others achieve success and high performance is evident in his commitment to transforming leaders and their teams at local, national, and international levels. He specializes in promoting the importance of human-centered intelligence, focusing on soft skills such as authenticity, transparency, and trust to complement business-centered acumen and drive better workplace outcomes. As an impartial facilitator, Paul brings his expertise to team offsites and strategy days, ensuring alignment on goals, values, and culture while keeping participants on task. His engaging and energetic presence, coupled with his unique "entertraining" and "edutaining" delivery style, enables him to connect with audiences both large and intimate, sharing personal and professional anecdotes that inspire and energize.
