Employees are the biggest assets and resources of any organization. They run a company to achieve its goal and be successful, but none will do so unless they are successful in the process as well. In a competitive market such as today, where work opportunities are numerous, there are certain things that employers would require to do to retain their assets within the organization.
But it’s not that easy. Employee retention is not a do-and-done process. It’s a long-term strategic plan to ensure your employees are satisfied and engaged in their work. It is difficult to state reasons why employees leave organizations. While some may have valid reasons for personal problems, many leave due to the following 3 common reasons.
1. Lack of career growth opportunities
We all know the importance of growth and development. And that’s what we want for our careers too. Employees do not only work for the monthly salary, but also for the opportunities that would help them grow in their respective careers. They want jobs that would balance both their needs for a good environment to work within and good career opportunities to grow.
Most employers fail to see this fact and that costs them heavily, as employees start leaving the company within a few months or years of joining the company if they don’t see their window of growth. Remember that career growth is not all about promotions, but opportunities to gain experience and credits in many industries.
2. Boring Workspace
It is an established fact that morale is essential for retaining top talent and assets. It is essential to find a bit of comfort and joy in a highly stressful work routine in order to continue doing it over the long run. Games and fun might seem unheard of in the workplace, but they are proven to boost productivity and morale. The last thing anyone wants is to remain in an organization that they dread going to every day. Having a bit of fun at work is an important part of coping with all the stress that is present in the workplace. Games, birthdays and festive celebrations, office field trips, and other activities can work wonders in workplaces to boost morale and productivity.
3. Not valued
Employees with high and great ambitions in an organization need to feel heard and be able to contribute to the organization in more than one way. It’s important for employers to hear ideas, suggestions, and counter-solutions to different projects, even though they might have decisions of their own. This would not only increase engagement and retention but also help employees feel valued and appreciated in the efforts they put forward for the good of the company and themselves.
Final Words
There could be thousands of other reasons why employees leave companies and organizations frequently, and obviously one can’t tackle to perfect all these situations. But it’s important that you start somewhere, and address the most common issues for employee turnovers.
