Employee retention is especially important in today’s talent market. New hires are in high demand but many workers are leaving their positions. Many employees have stated benefits, wages, and other key factors in their reasons for leaving. Here are a few reasons employees are leaving their jobs and how you can keep your best staff members.
5 Reasons Employees Are Leaving Companies This Year
1. Low Pay
Workers often cite low pay as the reason they are leaving their job. When you don’t compensate your staff fairly, it will lead to them feeling underappreciated and overworked. Eventually, they’ll start looking for work elsewhere. You can supplement hourly pay with good benefits in some cases. For example, if an employee really values being able to work remotely, you can offer that perk and make the job more attractive to them, despite the pay.
2. No Work-Life Balance
Work-life balance is another deciding factor when an employee decides to leave their job. You need to offer your staff members some kind of flexibility in their schedule so they can tend to their personal lives. For some companies, offering remote work options or hybrid work options has helped them provide better balance for employees. Others find offering flex scheduling or optional workdays helps. Whatever the case may be, you need to offer perks that allow your staff to achieve a healthy work-life balance.
3. Lack of Opportunity
People want more than a nine-to-five job, they want career opportunities. Many employers are adding career development opportunities to their employee retention plans. By doing this, you create loyal employees because you are personally investing in their careers. It will also help you create a well-informed workforce. Your staff will always be up-to-date with the latest knowledge about the industry because you provide continued opportunities to continue their education.
4. Issues With the Team
Relationship problems with coworkers are another commonly cited reason for leaving a job. The environment you create for your staff needs to welcome discussion and conflict resolution. There should be a system for reporting problems and policies set for addressing issues. Additionally, you should take a look at your hiring strategy and ensure you are doing what you can to put together a successful team. Try to find people who will mesh together well. This will create a culture where employees can collaborate. Better yet, it builds a workplace they enjoy going to.
5. Poor Company Culture
Speaking of culture, your company culture is another huge factor for employee retention. As mentioned above, you need to work to create a culture that facilitates collaboration. You should also work to include the values of your employees in your organization’s culture as well. If your team values having a good work-life balance or supporting a specific cause, be sure that becomes an important, core part of your company.
Many employers have found that working with staffing agencies like PrideStaff St. Pete Clearwater has helped them improve employee retention. Recruiters can help pinpoint candidates who will fit into your company’s culture and meet your skills requirements. Contact us to learn about how our team of professionals can assist you.
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