how to battle employee turnover
TRANSCRIPT
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35% of American workers quit in the first six months.
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If you believe that your employees are your biggest resource, then you know the
damage high employee turnover does to your
business.
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2 Big Questions
• Why Do Employees Leave?
• How Do I Keep Employees From Leaving?
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1. Why Do Employees Leave?
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Better wages and benefits found elsewhere.
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Your employees are bored with the work.
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There is trouble with the team. A recent study found that American employees spend 2.8 hours each week dealing with conflict.
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They are disengaged. Once employees disengage and turn work into merely a time clock and a paycheck, businesses will see 30% to 50% higher turnover.
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They have a poor relationship with the boss. A recent study suggests that half of employees quit because of problems with their boss.
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What Does A Bad Boss Look Like?
• Overloads and makes excessive demands on employees
• Micro-manages everything they do• Difficult to talk to• Cares more about him or herself
than the staff• Wastes employee time
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2. How Do I Keep Employees From Leaving?
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Your competitors aren’t just the others in your
industry, but any job that the employee could leave you to take.
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Have great culture. There are two kinds of culture at play in your business: internal and external.
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Acknowledge great work. Letting your employees know they’ve done a great job is paramount.
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Be upfront about the job. 35% of American workers quit in the first six months because it’s not what they expected the job to be.
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Deal with conflicts immediately. The truth is simple: a conflict-free business is one both employees and customers want to be at.
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Hire the right people for the right job.Above all, hire the right people.
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Have great culture. There are two kinds of culture at play in your business: internal and external.
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To make your culture work, you have to communicate to your employees what it is.
That will include both practical and abstract concepts such as:
• Benefits• Expectations• Rules• Rewards• Core Values
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Hire and retain the best employees to reduce employee turnover. Use our HR resources
to guide the way. wheniwork.com/hr