Almost 40 million workers have resigned from their workplaces between last year and early this year. Most of these workers who leave include workers that have contributed immensely to their former workplaces.
Since the rate of workers dashing out of companies has been on a steady progression over the years, recruiters and CEOs are getting concerned about it. As a result, they are looking to decipher the reasons and what to do about it.
In reality, there are a thousand and one reasons employees can leave your job. However, our research has identified major reasons they often do so.
The first reason is the company’s culture. The culture of your company should be such that it meets the expectations of your employees.
According to a survey, the trend among employees now is to work from home. Therefore, they’d leave any company that doesn’t incorporate that.
Now, company culture stems beyond whether or not your workers work on-site. It encapsulates the totality of how well you connect to the human side of your employee.
It starts from taking your time to appreciate their work and intelligence, or constructively critique their works if need be. Studies have also shown that companies that hold picnics and hangouts tend to have more long-term staffers.
Apart from the company’s culture, the second reason employees often leave is if they are not experiencing career growth from the job or it is not aligning with their career trajectories in the long term.
On this note, ensure that you have programs that help your workers to get better at their careers. Provide them with resources, and occasional holidays to learn. Similarly, don’t feel threatened when they try to build their personal brands.
The third, and perhaps the most important, reason employees leave their jobs is related to the pay. No matter how good your company culture may be, employees will make use of the door if you are paying them less than they are worth.
Therefore, make sure you properly promote and recognize your workers and pay them in a way that is commensurate with both their experience and expertise.