Staff turnover is inevitable in every business. When turnover is high, however, it can hurt your company’s ability to reach its goals. By understanding why people leave, you can pinpoint problems and work to address them. Lower turnover, and you can improve productivity and develop the staff you need to reach your long-term goals.
Here are some of the most common reasons employees leave and what you can do about each:
The Problem: Inadequate Compensation
Salary and benefits that aren’t competitive is one of the biggest reasons employees seek work with other companies.
The Solution: Get Competitive
You don’t have to outspend other companies in order to retain good staff, but you do have to offer a competitive and appealing compensation package. Talk to your recruiter to ensure you’re offering the right compensation “mix” and to gain ideas on low-cost, nontraditional benefits that attract top talent.
The Problem: A Glass Ceiling
Employees are more likely to leave any company that doesn’t offer them opportunities for advancement. If your staff are leaving because their new job comes with a bump in title or responsibilities, it’s time to reconsider your structure.
The Solution: Create Paths to Advancement
Look at your current methods of reviewing employee progress and the paths offered toward advancement. Do employees understand what specific, concrete steps they need to take to earn their next promotion? Do they get the support they need to make that step?
The Problem: Bad Bosses
Unhappiness with their supervisor is another major reason employees leave the companies they work for. Employees who move into the same position in another company may be fleeing a supervisor who doesn’t “click” with them.
The Solution: Hire People, Not Skill Sets
Work with a staffing firm to hire people who offer a good “fit” with your company’s culture and who thrive under the type of management their direct supervisor will provide. Your staffing firm can help you match for culture without sacrificing the technical skill your employees need to get the job done.
Whether you’re located in the St. Paul or the great Twin Cities region, the recruiters at THE RIGHT STAFF, LLC can connect you with the best local and regional talent. Contact us today to learn more about our staffing services in St. Paul and beyond.
