It’s usually a surprise when the most productive and potential employees suddenly make a quick dash for another company and worse if it’s your competitor in the market. Such situations are indeed costly and disruptive. Managers tend to blame the high turnover on everything else ignoring the gist of the matter; ‘people don’t leave jobs, they leave managers’. Let’s identify some of the underlying reasons:
You Overwork people: This usually comes off as unintentional, however managers find themselves giving the most work to the most talented and this may burn the employee out. If you want to increase the work load that your employees have, then you need to increase their status, pay, promotions and even titles. In order to have ultimate results you have to satisfy your employees, something has to give!
You don’t recognize their contributions or reward their good work: It is easy for managers to underestimate the power of a compliment or pat on the back. Managers need to communicate with their employees on what makes them feel good (for some it might be public recognition and others it’s a raise).
You don’t care about Your Employees: Studies have shown that people will leave a job, no matter the pay Cheque, if you don’t care for them. Smart companies make certain their managers know how to balance professional relationships with their employees and being human with them too. Empathize, care and show concern for your employees. Without this type of relationship then employees won’t have a reason to stay with the organization.
You do not develop their skills: It is important to note that management has a beginning but definitely has no end. When an individual joins a firm, they want to be able to give the skills they have to the organization but also most importantly gain and sharpen these skills more through the process. Leadership isn’t a destination but rather a continuum- there is always room for development.
If such factors are taken into consideration, you should be certain of growth in your company with a well spirited and enthusiastic team of employees. All the best!