According to recent surveys, 43% of the employees surveyed said that they were actively looking for a job change; a comprehensive learning culture leads to 30-50% higher retention rates; last but not least, 37% of employees said that they want their job to allow them to work remotely when they need to.
You can read these number here:
- Employers fear 4.5m workers could be on the move this year
- The Dream Job
- Avoidable turnovers costing employers big
One thing that’s common in all these stats: employee dissatisfaction resulting in lost talent and a good deal of money. Yes, an average employee’s exit costs nearly 33% of their annual salary. Such a blow, isn’t it?
Well, thankfully that’s not the end of the world. There’s scope for the betterment and we’ll make the most out of it. Here are four reasons why your employees may quit and how you can prevent that.
1. No Training
Okay, we may be talking about many stats here. But, hey, that’s important. So, here’s another. Nearly one-third of new employees quit their jobs within the first six months for the lack of training. And yet, some companies take employee training and development for granted.
Generation ‘Z’ employees look beyond the dollar. And that’s where a qualified employee training program comes into play. But does your organization have one?
Well, if not, this is the time you start working on it. To make it easier for you, here are a few things to keep in mind while developing an eLearning employee training program. Find the Purpose of Your Training Program: Before you create an employee training program, you will have to find out whether this program is for compliance training or skill development or something else.
Choose Tools Smartly: Tools play a vital role in the design, development, and management of eLearning training programs. As you are going to choose a set of tools for your program, make sure it suits your needs, is rich with essential features, and has a good customer support system.
Pro Tip: If you are mostly on the go but don’t want to miss out on any of your program updates and management tasks, choose a LMS with a mobile eLearning app.
Keep It Concise and Comprehensive: Yes, there can be a world of knowledge that you may want to share with your employees. But if it doesn’t add value to the course, keep it on halt for a while. A concise and comprehensive employee training program can do way better than a cluttered up pile of information.
2. Lack Of Recognition
Another primary reason why employees quit a job is the lack of recognition. And it makes sense.
Imagine working hard and delivering your level best, just to feel invisible?
That’ll be unhealthy and unfair, even for your employees. So, make sure this doesn’t happen in your organization.
Be kind, acknowledging, and appreciative of the efforts that your employees make at work.
3. Unnecessarily Strict Work Timings
It’s understandable to maintain discipline at work, but getting your employees to reach the office by 7:30 in the morning may come off as cruel.
In fact, 82% of the employees surveyed said that they’d be more loyal and stick around for a longer period of time if their company allowed flexible work hours.
You see the damage an unnecessarily strict timing system inflicts?
Think about it and try to be more flexible if possible.
4. Work Stress and Other Health Harms
Another study reports that, 42% of the millenials who have worked at two to four companies believe their jobs are immensely stressful; on top of that, 36% of them think that it’s adversely affecting their mental and physical health.
And yes, that’s another reason why employees quit a job.
So, What’s the Solution?
An easy-going and “anyone-who-has-to-leave-will-leave” kind of approach may seem relaxing at first. However, in the long run, it can drain your company out of talented resources, placing you hundreds and even thousands of dollars back.
That’s why employee retention is crucial, and in this post, we even talked about that.
All-in-all, if your company follows a healthy work culture, is kind and appreciative of its employees’ efforts, isn’t unnecessarily strict and helps employees significantly hone their skills, employees will be less likely to quit.
So, try to build and maintain that, and you’ll sail fine.