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How To Battle Employee Turnover

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How To Battle Employee Turnover

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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. The time and money you’ve invested in finding, hiring, and training employees walks right out your door when an employee quits.

How to battle employee turnover?

It starts with an understanding of why employees leave. Until you know their reasons, there is little you can do to stop the leak.

If you believe that your employees are your biggest resource, then you know the damage high employee turnover does to your business. The time and money you’ve invested in finding, hiring, and training employees walks right out your door when an employee quits.

How to battle employee turnover?

It starts with an understanding of why employees leave. Until you know their reasons, there is little you can do to stop the leak.

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How To Battle Employee Turnover

  1. 1. 35% of American workers quit in the first six months.
  2. 2. If you believe that your employees are your biggest resource, then you know the damage high employee turnover does to your business.
  3. 3. 2 Big Questions • Why Do Employees Leave? • How Do I Keep Employees From Leaving?
  4. 4. 1. Why Do Employees Leave?
  5. 5. Better wages and benefits found elsewhere.
  6. 6. Your employees are bored with the work.
  7. 7. There is trouble with the team. A recent study found that American employees spend 2.8 hours each week dealing with conflict.
  8. 8. 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.
  9. 9. They have a poor relationship with the boss. A recent study suggests that half of employees quit because of problems with their boss.
  10. 10. 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
  11. 11. 2. How Do I Keep Employees From Leaving?
  12. 12. Your competitors aren’t just the others in your industry, but any job that the employee could leave you to take.
  13. 13. Have great culture. There are two kinds of culture at play in your business: internal and external.
  14. 14. Acknowledge great work. Letting your employees know they’ve done a great job is paramount.
  15. 15. 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.
  16. 16. Deal with conflicts immediately. The truth is simple: a conflict- free business is one both employees and customers want to be at.
  17. 17. Hire the right people for the right job. Above all, hire the right people.
  18. 18. Have great culture. There are two kinds of culture at play in your business: internal and external.
  19. 19. 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
  20. 20. Hire and retain the best employees to reduce employee turnover. Use our HR resources to guide the way. wheniwork.com/hr

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