Experiencing Turnover?

Is your organization experiencing high turnover? Do you know why?

The most common reasons for turnover are:

πŸ—£ Poor Leadership - Have you recently made leadership changes that aren't going so well? Did you hire a new leader? Do your leaders care more about the bottom line than their employees? Do the leaders support their employees? Do your leaders need training?
πŸ“ˆ Lack of growth opportunities - Are you providing growth opportunities to your employees? Growth doesn't always have to be vertical, as you move up, the opportunities get to be less and less, but if you can provide lateral opportunities for employees to learn new skills, the challenge of learning something new can help them stay motivated and engaged.
πŸ’° Pay and Benefits - Do you keep your finger on the pulse of what the market is paying? What about benefits? Do you offer competitive benefits to your employees? Are you still only giving your employees 2 weeks off a year?
βš– Lack of the ability to maintain work/life balance - Are your employees able to take off when they need to? Are they expected to stay late at a moment's notice? Are your employees working 12-hour days, regularly?
βž• Better Opportunities - Did you know a new business moved in down the street and they are offering 4 10-hour work days instead of 5 8-hour work days that your company offers? Can your company do this? What does your company offer that your neighbors down the street don't? On-site child care? An extra week of PTO? What sets you apart?

Do you know what’s important to your workforce?

#turnover #attrition #talentmanagement #reduceturnover

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