With the rising cost of employee turnover, smart businesses are researching the reasons why their employees are leaving the company and taking steps to address the core problems. Here are the top 10 reasons your employees are leaving you.
1. More money. Many employees believe they can earn more money elsewhere. While the base salary may be higher, that doesn’t include the benefits package and work conditions.
2. Less stress. Some workers feel the job is too stressful. They get home from work and feel tired and tense, and assume it is from their employment. Many employees live stressful lifestyles; stress is unrelated to the job.
3. Better schedule. Fewer hours or a work schedule that seems to be more flexible or open will appeal to a certain number of employees. But sometimes when switching to a new job, the attractive schedule never quite materializes the way the employee expected it to, and the new schedule is no better than the one at the former position.
4. Newer equipment. Newer or more advanced equipment can be a two-edged sword. One one side, it is challenging and fun to work with new machinery. On the other side, new technology requires new skills, requiring training time.
5. Impressive facility. Working at a new building or company compound is exciting. Yet, it is what goes on inside the company, rather than the attractive external features, that will most impact employees’ work lives.
6. Training and promotion opportunities. Being able to learn new skills and apply for higher-level positions is a definite incentive for many employees. Still, those that don’t pass the skill tests needed for the position may find themselves demoted or having to retake the tests, which require time and money.
7. Exciting location. Moving to the city of your dreams can seem wonderful, but the job could turn out to be a big disappointment, as it has for many people who relocated.
8. Company perks. Getting to drive a company car and eating at the company cafeteria for free are great motivators, but they have little to do with the job duties.
9. Knowing someone. Being hired by a friend or relative can be sticky, and should be handled with due diligence.10. Trying a new position. Moving into a new role can open doors or slam them in your face. Make sure you are ready to switch.
With these reasons in mind, companies can learn to retain top employees.