What Makes Employees Quit Their Jobs and How you can Stop It - Introvert Whisperer

Introvert Whisperer / What Makes Employees Quit Their Jobs and How you can Stop It - Introvert Whisperer What Makes Employees Quit Their Jobs and How you can Stop It? Employee retention is one of the biggest challenges being faced by companies globally. 2 in 3 businesses are struggling to fill vacancies and hiring is becoming difficult by the day. Employee turnover is a serious issue and can be extremely expensive for the organization. Did you know that replacing highly trained employees and executives can cost 200% of their annual salary? Moreover, it can take a new employee almost 2 years to reach the level of productivity of an already existing employee. So one can imagine the amount of money, time, and energy this whole process is going to take. Employee turnover happens due to a number of reasons including personal to professional. Well, personal is something that employer cannot do much about, but on the professional grounds, there are a lot of things employers can do to retain their employees. Some of the main reasons why employees quit their jobs are career development, work-life balance, manager behavior, lack of schedule flexibility, unsatisfactory compensation and benefits, relocation, job characteristics, work environment, etc. If an organization wants to retain their employees and thrive rather than be stuck in the cycle of hiring and training a new employee frequently, then the management needs to do its homework. Scheduling one on one meetings with employees, learning if they are happy at workplace or not and if their job is meaningful, asking opinion about how to improve the corporate culture, knowing about their work-life balance, knowing their opinion about flexible work hours, knowing if they lack any technology at the workplace that can help speed up the work, knowing if they are happy with the compensation and benefits, making a notes of all this and starting to implement these will help in employee retention. You can know all about employee turnover and employee retention in the detailed infographic we have provided.