Poor employee retention is a common problem in any industry. For one reason or another, some employers can’t keep certain positions filled. But who’s really to blame for bad employee retention? It might be poor business development, or maybe there’s something wrong with the position itself. Dive into all the reasons why poor employee retention continues to plague business leaders everywhere.
Low Company Morale
If a company has low morale, keeping employees at their desks can be next to impossible. If you’re worried that your business is suffering from low morale, try reaching out to your employees and see how they’re feeling about their work environment. Chances are that your employees have plenty of suggestions and concerns they’d like to run by you. After all, everyone has to work together to keep your business afloat. Give your employees the freedom to express themselves without fear of judgment. You can also use an ethics consultant to get a better sense of what’s working and what’s not working at your business.
The Career Stepping Stone
Some positions are seen as stepping stones. If lots of your employees are constantly leaving the job to pursue what they consider to be bigger and better opportunities, you might need to reassess the position in question. To keep your employees satisfied, try giving certain individuals more responsibility. You can also promote one of your staff members to show the rest of your employees that there are plenty of meaningful opportunities right here where they already work. Employees love to talk and seeing one of their own earn a top spot at the company may be enough to keep them striving for more.
Hiring the Wrong Employees
If your employees aren’t in it for the long haul, maybe you’re hiring the wrong type of employee. Many business owners struggle when it comes to finding and hiring the right talent, so don’t beat yourself up. Try changing the hiring process in place at your company. Maybe you need to more thoroughly vet your new employees or you’re going after the wrong demographic. You can also try consulting the expertise of a human resources professional. Your HR department should be in charge of keeping track of what positions the company retains. You can try changing the requirements for the positions at the company such as requiring that all your employees attend at least four years of college or that they come with more work experience before stating at your company. Of course, the more requirements you add, the higher the rate of pay. But having more experienced employees might be the fix you’re looking for.
Stay up-to-date on the latest business advice from Affordable American Insurance. Contact us today for more information!