Why are people quitting their jobs & what are the solutions to retain them?
Employee attrition is one of the biggest problems torturing many organizations today. Employees quitting their jobs can be due to various reasons ranging from personal matters to career growth.
After conducting thorough research, here are eight critical reasons why employees quit their jobs :
Need new challenges in life
After working for the same job for a while, you start getting to know all your tasks and responsibilities very well. You are ready to take on new challenges when there is only a little left to learn in your role for yourself. That is natural human nature, especially when you are keen to learn new skills and ready to develop your career. That would prove to be a beneficial step for your career growth.
Poor Management
Employees rely on management for leadership, collaboration, and goals. A good manager will understand your skills and talent and motivate you to reach your goal. But, what if the manager is not good? You will observe a high rate of abrasion, drop-in profit rate, and low employee morale.
Any company or business would not survive long if the manager is not good. Poor management is one of the primary reasons for people quitting their jobs.
Higher Salary
You might sometimes feel unappreciated and paid less according to your work. At this particular point, you feel like quitting your job. Money is the basic need of everyone. With the growth of family, lifestyle changes. Now, you need to make more money to afford your living expenses. Also, you feel insecure in your job role if your company is experiencing any financial hardship.
Lacking appreciation or reward
It is human nature to feel appreciated or rewarded for a job well done. Most people spend more time at their workplace than at home. People often feel overlooked when not appreciated for their work. It also affects their confidence.
Lack of recognition is demoralizing, especially to the one who excels; in their position. It could be one of the reasons why people are quitting their jobs and finding one, where they get credit for all their hard work. Even a little appreciation makes people feel valued, and their interest in work also increases drastically.
Need a better work-life balance
It is crucial to take-out time for your friends, families, and yourself to maintain a healthy work-life balance. Managers often contact their employees, even after working hours at some companies. You might feel that you are constantly working overtime.
That will eventually impact your personal time and life and ultimately make you feel burnt out. At jobs, people are sometimes pushed; beyond their limits. It has a substantial impact on their physical and mental well-being. In such scenarios, people start looking for another job.
Professional Development
Everyone likes to be appreciated, paid more, and promoted. But there is something more than this. Certain employees are seeking more work challenges and opportunities for professional development. People always seek the prospect elsewhere when they see a lack of opportunity to learn and develop in a particular job role.
For the growth of your career, you constantly keep on looking for new opportunities and challenges. People are searching for a place to be inspired and motivated for work. CollabAct provides you with a platform where you can develop more talent along with your passion.
That will strengthen your desire to be successful. If you are passionate enough about your career growth, then join CollabAct. Here, your development and learning are not restricted and limited.
Poor Company Culture
People spend most of their time at their workplace. So, it is indispensable to have a good working environment to survive and resist the work culture. Every company has a different work environment. People leave their job because they feel mismatched with the company culture.
Various issues like bullying, sexism, torturing, immaturity, poor work environment, poor performance, and lack of goal and talent have been encountered at the workplace and have become the reason for many employees to quit their jobs. Employees always want their work environment to be comfortable.
Change of plans
At the beginning of a career, people might have thought that working in a company would be a smart option for career growth. But with time, they realize that working every day from 9 to 5 is not their cup of tea.
Some people do not want to limit themselves in a 9 to 5 job cycle and want an alternative to a job option. For those people, CollabAct comes into action. CollabAct will provide you with a platform to excel in your field with your skills and talents. They will not only provide support but will also help you to develop skills and give you business knowledge.
After joining CollabAct, you will be given skill-based and mindset training, and you will become a business influencer from an ordinary candidate.
Every employee is a valuable asset for any company. So, it would be a loss for the particular team or the entire company when any valued employee quits the job. That might lead to loss of revenue, lower productivity, and lower morale. It is essential to convince and stop them from resigning from the job.
Here are nine steps that you can take to stop your valued employees from quitting
- Show Appreciation: Start showing appreciation or respect for them; if you feel that your essential employee will leave.
- Offer support: Employees may want to quit if they are unsupported or if the management doesn't care about them. Always ask them what support and help they want from you or the company to make their jobs easier.
- Set ultimate goals and objectives: It is difficult for the employees if the target changes more often than they change their socks.
- Give continuous feedback: Employees need to feel that; they are heard by their managers and supervisors when any task becomes interdependent and more complex. So, give them more feedback.
- Do not be too dismissive: Constructive feedback is necessary even if it is negative still; continuous criticism will take down even the strongest one.
- Know each other: Team building activities often engage employees and boost their morale.
- Invest in employee retention: Keeping employees engaged and satisfied would be a great idea.
- Talk it out: If you get to know that any of the employees are at the edge to quit the job, then get to know; the reason directly without any delay. So that if it is anything regarding the career issue, work culture, bullying, or anything, then give support and help accordingly. Maybe they want someone to hear them out.
- Treat every employee equally: Even though not everybody is equal because some give more results while some give fewer results but should be treated equally.
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