![]() ![]() “One manager with poor people skills can do damage to the culture and effectiveness of a company in a short period of time,” points out Maricopa County CIO David Stevens. Even if you’re well aware of this basic human resources principle, it never hurts to be reminded that your management-level staff are key to retaining your workforce. It’s an old truism that people don’t quit jobs - they quit bosses. Multiple studies reflect the fact that providing flexibility to employees results in fewer sick hours, greater employee happiness, higher productivity and less stress. While you can’t necessarily relieve each employee’s outside personal challenges, Hein points out that your organization will benefit by offering flexible hours or telecommuting options. He points out that the average tenure for an IT worker these days is less than four years, and an unmanageable set of work demands is one of the main culprits for this high turnover rate. These statistics are highlighted by Rich Hein, senior managing editor of CIO Magazine. Thirty-nine percent of employees state that a negative balance between work obligations and the rest of their lives constituted a “major pain point” in their careers. Along with offering appropriate pathways for your workers to develop their skills, you should ask for frequent feedback to make sure that these opportunities are perceived as being relevant and useful. That’s the first step, of course: A study of 4,300 workers found that 74 percent don’t feel that they’re achieving their full potential in their current position, and only 12 percent feel that the training they did receive is actually applicable to their job duties. These numbers suggest that there is more to this equation than simply providing opportunities for training and development. Schawbel’s study found that 41 percent of employees say that they would leave their present companies if they found a position that offered better career advancement. This discrepancy needs your attention, because you ignore it at your peril: Employees (especially the highly talented ones you’d most like to retain) have more power than they once did, because their skills are in demand. Sixty percent of managers reported that they provide their employees with a clear path for advancing their careers, while only 36 percent of workers felt that this was true. Provide relevant training opportunitiesĪs Schawbel investigated the underlying causes for employee attrition, he found a major perception gap between management and workers when it came to a training and development. Here are four HR best practices to strengthen work culture and protect your company from the high cost of worker churn. How to prevent an employee from quitting can be tricky to navigate. Clearly, employee retention is a top priority for every organization and it’s HR’s duty to build a strategy that can prevent employees from quitting. Employee turnover, he points out, “costs companies a fortune,” and the numbers agree: Losing an employee in the first year of their tenure can cost your company up to three times the person’s annual salary. Schawbel cites a study by his company showing that one-third of American workers are at the risk of quitting and looking to change their jobs within the next six months. That rather dire warning is offered by Dan Schawbel, research director at Future Workplace and one of Forbes’ “30 under 30” list. When you hire a new employee, that person is already looking for a new job and at risk of quitting. Get research and insights on employee engagement, recognition, culture, and more - all backed by workforce science. Stay up to date on the latest employee engagement trends and access guest commentary from HR thought leaders. Watch our webinars featuring workforce science experts and HR thought leaders live and on-demand. Publishing white papers, research reports, and more to help organizations move forward in their employee engagement journey. We’re here to help! Get in touch with us. Discover why organizations love Achievers. We are an industry leader in all things engagement. Explore opportunities at Achievers and join our team of A-Players. We’re a Great Place to Work-Certified™ organization. ![]() Our Employee Success Platform is specifically designed to drive higher levels of employee engagement. Use data science to help you build a better company by unlocking insights into improving the performance and engagement of your people.Īchievers’ mission is to change the way the world works. Achievers Employee Experience Platform™įor culture builders, Achievers is an employee voice and recognition solution that builds engagement and sustainable performance in organizations.Īctivate real-time employee engagement with Achievers Recognize, the platform that delivers sustainable performance and Culture Continuity™. ![]()
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