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Why Your Best Employees Leave And What To Do About It
49% of all employees are not satisfied with their direct supervisor
Only 21% of employees feel strongly valued at work
Highly engaged employees are 87% less likely to leave the company they work for than their counterparts
$11 billion is lost annually due to employee turnover
These stats should worry you.
If it hasn’t happened yet,it will…
Remember that amazing, incredible person you just hired?
One day they might quit. Without notice.
And you’ll be furious, constantly wondering why…
There are only 5 reasons your best employees will leave…
Let’s go through them – from most common to least.
This is the #1 reason people leave a company They quit their boss, not their company Main reasons: Their boss is too political Their boss is too self-centered/focused They don’t receive fair recognition for their work They aren’t working on something important to them 1. Their boss
FACT: 75% of people voluntarily leaving jobs don’t quit their jobs; they quit their bosses
Your culture is everything from how you communicate to how you prioritize and how work gets done A constant focus on improving your culture is required to keep great people engaged and productive ABL – Always Be Listening, for new ideas and ways to improve Aim to create a transparent culture where everyone has an equal voice 2. Company culture
FACT: Job turnover at an organization with a high focus on company culture is 13%, but 48% in companies with a low focus
Create an amazing company culture StackHands helps you collect ideas and feedback from your employees to make your company an incredible place to work. Try It Free
Most people want work that challenges them If all of their time is spent being bored, they’ll leave Your best people should be given the hardest work They should always be pushed and challenged They want to be strongly engaged every day If not, they’ll go work somewhere they are 3. Their work
FACT: Companies with engaged employees outperform those without by up to 202%
It’s not productive to work 18 hour days every day Great people forced to work long hours get burnt out Remember: your best people get more done in less time If they have clear goals, let them work however they want and from wherever they want Give them adequate time outside the office Encourage workaholics to take time off regularly 4. Work/life balance
FACT: Happy workers are 12% more productive than the average worker and unhappy workers are 10% less productive
If a great person is kept in the same role for longer than 1-2 years, they’ll find progression at another company Your best people will always want to keep “climbing the career ladder” – and you need to help them do that Start with more responsibility and then a title change Remember: not all great individual contributors make great managers 5. Career progression
FACT: Companies who implement employee feedback programs have turnover rates that are 14.9% lower
Implement your own employee feedback program and reduce turnover StackHands helps you collect ideas and feedback from your employees to make your company an incredible place to work. Try It Free