A company is only as good as the people who work for it. If your business is losing its best employees, it is important that you know why and make changes to put a stop to it. What are some common reasons why your best people may not want to work for your company anymore?
The Company Culture Is Toxic or Discriminatory
No one wants to work for a company that doesn’t respect who they are. If you or anyone else in the company berates employees, doesn’t recognize their achievements or won’t listen to their input, it will be hard to find and retain talented people. Your organization should also make sure to have an anti-discrimination and anti-harassment policy on the books to help prevent a toxic working environment.
There Isn’t Any Hope of Advancement
It can become increasingly difficult to work hard for an employer if there are few or no opportunities to advance within a company. In additional to a desire to develop as a professional, promotions may also come with higher pay rates and other perks that help workers provide for themselves and their families.
The Company Doesn’t Have a Vision for the Future
Most workers want to know that they have some sort of job security. If your people are constantly hearing rumors of layoffs or the company going bankrupt, they are less likely to want to stay. At the very least, you should be honest and upfront about any possibility of layoffs, bankruptcy or anything else that could impact an employee’s job prospects.
Employees Are Overworked and Underpaid
Your people don’t mind staying late every so often or pitching in when a colleague is out of work. However, they don’t want to do their job and the job of another person because you won’t properly staff your company. At some point, they will suffer from burnout or start to do just enough to avoid being fired. That can create a toxic workplace that can lead to the exodus of your best employees.
Company Policies Make It Harder to Work Efficiently
Employees should be trusted to make decisions on their own without input from management. For instance, a customer service worker should have some leeway to offer refunds to customers or otherwise resolve a situation to a customer’s liking. Failure to do so may cause a top worker to become disgruntled while also causing a customer to feel as if he or she isn’t a priority.
The best companies treat their employees with respect and allow them to learn and grow on the job. When your people are happy, they are more likely to work harder and treat customers better. This can reduce turnover and increase the odds that your customers will be loyal to your brand for many years to come.