Let’s be honest, people aren’t leaving your organization because they want more money, they are leaving your organization for more personal reasons that they most likely didn’t share in their exit interview.
When you lose a good employee your entire team feels the weight, as everybody is picking up the slack, working more hours and wearing more “hats” to get what needs to be done complete by the end of the day. When someone leaves, your team feels the additional stress of mistakes, missing deadlines and just being out of flow in the office.
Here’s the thing… This is happening all the time at MOST companies, yes most companies. Most are losing hundreds of thousands of dollars a year because good employees are leaving and it’s affecting everyone you work with.
First let’s get clear on how your organization is suffering before we get into the why.
1) Losing hundreds of thousands of dollars in recruiting, errors, and training.
2) Your team is picking up the slack which is causing frustration, longer hours, and loss in team productivity
3) Your team is feeling stressed
4) Your company is missing deadlines, and it’s growth is being slowed down, or maybe lack of Employee Retention Programs.
5) It causes other team members to consider leaving as well, especially if their boss or someone they respect leaves causing the potential to lose more employees
Okay let’s get into why good employees leave
1) They don’t feel appreciated in the workplace for the work they do
Showing your team you appreciate them is one thing by saying thank you, and another is actually learning what their language of appreciation is and learning how to properly communicate that to them on a regular basis. It’s no surprise that people who feel appreciated are more likely to work harder than those who feel under appreciated. People are looking to work for a company that appreciates their work, and has a strong culture that resonates with the kind of lifestyle they want to lead.
If you aren’t in touch with your team’s needs, and don’t take the time or resources to put them first they won’t be as productive and may be considering looking for a job else where.
2) They don’t feel their boss or employer cares about their well being
No one likes to feel like they don’t have time to eat lunch, exercise or take proper care of their body, however many employees feel that their managers has unrealistic expectations of them and feel that they don’t care about their well being. One that that is common within all of the best employers to work for are the ones who have a solid pro-active employee wellness program that offers onsite classes for their employees.
Here’s the bonus for you too, when you have these kinds of offerings at work it not only shows them you care about their well being it shows to prospective employees your company is somewhere people want to work. This will not only attract more qualified employees your way, it will increase the productivity, mental clarity and health of your current employees saying your organization a lot of money long term.
3) They don’t feel that they have the opportunity to grow or be developed within the company
If you want your employees to stick around long term it’s essential to listen to what their goals are on a regular basis and do everything you can to help them achieve them.
I hear this all the time from people who are unhappy at their current employer or have recently left “ I was doing a lot of work outside of my role, and not being developed into doing what I originally joined the team to do”. If you’re not asking key questions about your employees goals and dreams, they will leave for a company that will.