When employees abruptly leave your company, it drains your company of precious resources like time and money. If your company has a high turnover rate, it can even drive off future candidates from wanting to work with you.
So, all in all – turnovers are never a good sign. If your company is currently dealing with high turnover rates or you’d like to be proactive in avoiding the issue, this Millennium Omaha blog will help.
We’ll cover the top 3 causes of employee turnover in the next few sections!
A Lack of Feedback Loops
A feedback loop is a system that “loops” the outputs of a system back into the business as inputs. In this process, employees are routinely asked to provide feedback – outputs – and then the business uses this feedback to make necessary changes towards improvement – inputs.
Feedback loops can be as simple as having a bi-weekly or monthly survey that your employees fill out, with questions regarding their satisfaction with the company. Feedback loops are powerful because it offers helpful information and makes employees feel heard.
Without a feedback loop in place, you won’t know what your employees are struggling with and thus won’t make the appropriate changes to retain them.
Poor Work Culture
A sense of community goes a long way. Even if your work culture isn’t necessarily toxic, your employees don’t look forward to work when the work culture is not ideal. Less happiness means less productivity and higher retention rates. It’s important to embrace strategies to improve work culture because work culture is really the backbone of your business.
If you’re interested in actionable yet simple steps to improve your company’s work culture, this is an excellent resource.
Employees Are Overwhelmed By the Amount of Work
Most employees will feel overwhelmed by their workload from time to time. However, this amount of work-related pressure becomes a problem if employees are experiencing it every day.
You and your managers can combat overwhelmed employees by using two strategies.
The first strategy is to streamline your processes. Keep an eye on productivity and see which tasks employees are spending too much time on. Then, find ways or tech solutions to make that process more streamlined.
The second strategy is to look at your employees as a whole and find employees that may not have enough tasks. Work to redistribute work until everyone is productive but not overwhelmed.