A high staff turnover is quite common in certain industries such as hospitality and retail but in other situations it can be alarming if your staff are constantly leaving. Without consistency it can be very difficult to achieve company goals and maintain productivity and so keeping staff turnover to a minimum is obviously important. In these times of austerity jobs are a lot harder to come by and so it may be even more concerning to see your best workers looking to move on to pastures new.
Some of the best companies to work for in the world pride themselves on keeping staff happy and having a working environment that everyone wants to be a part of, and it’s no surprise that these are also some of the most successful companies.
So what are the main reasons why your employees are choosing to look elsewhere in search of a more fulfilling job?
It’s All Work And No Play –
It’s understandable that most bosses will not want their staff messing around or running personal errands on the company’s time but all work and no play makes for a very unhappy workforce. In order to find the perfect balance between productivity and appeasement it is normal to allow for a certain amount of chatter and socialising during the working day. Some of the biggest companies even actively encourage this by having areas of the office where workers can go to relax and talk with one another on non-work related topics.
There’s No Motivation –
In order to get the best out of your employees it’s essential that you offer motivation. This can be in the form of a physical reward or just verbal praise, but without it things can begin to stagnate. Motivation serves to spur your staff on and give them something to aim for and if it is lacking they can begin to think they are not valued as an employee and look for a fresh challenge.
Bad Paydays –
It may sound materialistic but the fact is that a lot of us are driven by money and this is the first thing we consider when looking for a job. Underpaying your employees is a sure fire way to drive them away but it’s not the only way that money can effect whether they choose to stay in their current job. It can also be very frustrating if they are paid inconsistently or not paid the full amount for whatever reason.
Mistakes like this can occur if your company doesn’t have their payroll in order and so if this happens regularly you may want to look into payroll bureau services that can run it for you.
No Future Prospects –
Nobody wants to be stuck in a dead end job but that’s exactly what it will feel like to someone if there aren’t any opportunities to move up within the company. This can happen in small companies where there isn’t much room for promotion and so it’s important that you find other ways to show that the business is moving in the right direction. Your best employees will always be looking for the next new, exciting challenge and if you can’t offer it then they won’t hesitate to look for it elsewhere.
Empty Promises –
The truth is that if you can’t offer your employees that pay rise or promotion that they are striving for it’s best to be honest with them about it. Empty promises will just frustrate them and give them more ammunition to look for another job, whereas if you sit down and explain the current situation with them they will be able to see the company’s vision and realise that opportunities will eventually present themselves. The worst thing you can do is promise something you can’t come through on as this will just compound their initial feeling of dissatisfaction.
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Chris Mayhew has found satisfaction in his current job because all of the above critea are met. He would recommend that any one looking to resolve their problems with payroll turns to Trace Payroll for a reliable solution.