Despite having great talent, if an employee loses passion for the job he does, he will be of no worth for the company. A good employee needs to enjoy what he does, and if you have an employee who simply loses interest in his job, then the first thing on his mind would be to look for something better. Here are the top 5 reasons why good employees leave a company and how to retain them.
Bad Bosses is one of the major factors that make employees leave. If you’re losing good people, look to their immediate supervisor and managers. They are the reason why good employees quit taking their knowledge, experience and contacts with them. Often, straight to the competition. However, more than any other single reason, immediate supervisor is also the reason employees stay and thrive in an organization.
People leave managers not companies as the saying goes. So much money has been thrown at the challenge of keeping good people in the form of better pay better perks and better training. Beyond a point a good employee’s primary need has less to do with money, and more to do with how he’s treated and how valued he feels. Much of this depends directly on the immediate manager. So, if you have an employee retention problem, look first to yourself the entrepreneur, then the managers and supervisors.
No Career Path
Employees must create their own career paths by seeking out opportunities to develop skills and experience. If your company does not provide them with new opportunities for them to learn and grow, then they will move to greener pastures. Help them develop their skills by sending them to trade shows, events, workshops in your industry. There is a potential of them networking with the right people to acquire new talents and even bring new businesses to the company.
It is essential to create career paths that are well understood by employees. They need to know how they can move vertically or horizontally on the career paths of the organization and exactly what they need to do to achieve this.
Poor Bureaucracy and Politics
A good manager is responsible for providing the work environment that enables the employees to act independently and autonomously. And it’s the responsibility of the employee to act independently and autonomously. It is essential to develop a culture of accountability in an organization. But, making them go through poor bureaucracy and unnecessary politics is why good employees leave a company.
As an entrepreneur see to that employees are empowered to own their responsibilities and execute the job given in the best manner. If this empowerment is not lacking, employees are most likely to stay.
There are short times in a company, where employees have no regular work. Yet, made to sit through the eight hours of the day staring at a computer for no good reason. Be it in time of waiting, to the start of a new project or waiting for approval let the employee relax.
It may sound counter-productive but giving them meaningless work just for the sake of giving work reduces the productivity and the motivation of an employee. If there is less work to be done an employee can be left free for a few days. Give them time to take a day or two off so that they can recover. Otherwise give them freedom to work on something they like.
No Recognition and Rewards
Employees always look forward to advancing their careers and if they find no future in the job, they won’t stay in it for long. If the company of an employee does not cooperate with him, does not develop his confidence, does not trust him, or simply doesn’t recognize his performance, he will quit the company. To retain good employees, stay in touch with their thought process. Constantly review whether or not they are happy with their work. Is their needs for meaningful and challenging work being met, is their work giving sufficient recognition?
Learn More: 5 Steps to Manage Workplace Conflicts
Ensure that each employee is challenged, engaged and excited about the work. Recognize and reward them appropriately for their good work. Let the good employees know that their talent, skills and work for the company is very much appreciated. After all, good employees don’t grow on trees! So retain them.
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