![\"expert](\"https:\/\/www.highspeedtraining.co.uk\/hub\/wp-content\/uploads\/2019\/11\/expert-tip-icon.png\"){kind=icon}
<\/div>\nLeadership & Management Training<\/h3>\n<\/div>\n<\/div>\n
Our Leadership & Management Course<\/a> is designed for those in management positions who want to elevate their leadership skills and apply them more successfully to their role. Get instant access and start your training today.<\/p>\n<\/div>\n High employee turnover is taxing. It costs precious time and money\u00a0and can result in a loss of staff morale. Your\u00a0reputation could also be tarnished, with people assuming your organisation is a terrible place to\u00a0work.<\/p>\n Some employee turnover is inevitable. For example, retirement, relocation and leaving for schooling cannot be avoided. But it’s important to monitor your employee turnover and understand\u00a0why<\/em> employees are leaving if you want to avoid negative repercussions.<\/p>\n We’ve outlined the 5 main reasons for high employee turnover, and what\u00a0you\u00a0<\/em>can do to stop it.<\/p>\n Opportunity for growth and development is\u00a0very\u00a0<\/em>important for retaining good employees. If an employee feels trapped in a dead-end position, they are likely to look towards different companies for the chance to improve their status and income.<\/p>\n It might seem natural that, in periods of economic pressure, you ask your staff to take on extra responsibilities. You might need to let people go and ask remaining employees to pick up the slack by working longer hours or even weekends. But asking workers to choose between their work life and personal life will never sit well. Instead, it will contribute to a higher turnover, as employees grow frustrated.<\/p>\n If you avoid giving feedback, you might be pushing your employees away. Feedback is the first step to ensuring your employees succeed, so avoiding this process can be detrimental to their success.<\/p>\n If an employee is struggling, your honest feedback can help them manage their workload and refocus. Ignoring the opportunity for feedback, or providing unhelpful feedback, will leave your employee to flounder, become disheartened, struggle and, eventually, give up.<\/p>\n Do you micromanage your employees? If so, you\u2019re telling them, \u2018I don\u2019t think you can do this properly without me\u2019.<\/p>\n In fact, micromanaging stamps out the opportunity for innovation, which is not what you want. Stifled, over managed employees are likely to grow frustrated with the lack of freedom, which contributes to high turnover.<\/p>\n Instead, trust your employees to perform well – allow them some freedom and you are sure to see their enthusiasm skyrocket.<\/p>\n Finding the perfect employee is difficult, but forcing a match with an employee that is clearly not right for the company culture or values will never end well. Even though you are desperate to fill that position, picking a poorly matched employee is bad for you, your company, and the employee.<\/p>\n No one does their best work when they are unhappy, and an incompatible employee\u00a0is unlikely to be content with their new position.<\/p>\n You will reap substantial economic benefits by reducing the rate of the \u2018employee carousel\u2019, and you should make every effort to retain good employees. They are your biggest asset, so investing in their happiness at work is vital for ensuring a successful business.<\/p>\n We’ve outlined some tips below that will help you encourage loyalty from valued employees.<\/p>\n Your employees want to know they are a valued part of your team. Play an active part in their professional development to demonstrate you are invested in their success and, in turn, this will increase their company loyalty.<\/p>\n Promoting development will also continually improve your workforce. you’ll increase the capability of your workers and attract new employees.<\/p>\n Employees want to know that their contribution is valued. Make a conscious effort to specifically recognise their successes and reward their efforts. Offering rewards and celebrating all successes may seem unimportant, but it will lead to increased staff loyalty, so it\u2019s worth the effort.<\/p>\n While money might not be the primary reason for high turnover, make sure you pay your employees a fair wage that increases on par with their professional development. Doing so will ensure your employees don’t start searching for a better offer elsewhere.<\/p>\n Perfecting your interview process can be hard. However, the time and effort needed to get it right will lead to a big payoff, as you’ll be able to weed out unsuitable employees with ease.<\/p>\n To ensure you get the right candidates:<\/strong><\/p>\n Providing appropriate, well-considered feedback is a major contributor to ensuring success. Feedback helps an employee to reflect on their performance, acknowledge areas for improvement, and develop their skills. Skipping the opportunity to provide your workers with feedback hinders your company’s growth and may lead to your employees turning elsewhere.<\/p>\n Balance is important. If your employees are bogged down with work, they are going to be unhappy. Encourage all your employees to take their full lunch break, and ensure their workload is manageable enough that they aren’t forced to stay late or start early all the time.<\/p>\n It is also important to consider\u00a0all\u00a0<\/em>your employees. Social outings with work are important to promote positivity and a good working environment between colleagues, but consider the kind of social outings you choose carefully.<\/p>\n Are you always choosing a bar or pub, when some staff members don’t drink? Perhaps you could switch it up and go for a meal instead. Find outings that the whole workforce enjoys, so everyone’s eager to participate.<\/p>\n Our guide outlines the main causes of employee turnover and the most effective strategies to reduce it. Further information and resources provided.<\/p>\n","protected":false},"author":22,"featured_media":8694,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[69,71],"class_list":["post-20844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-human-resources","tag-leadership-management"],"acf":{"schema_disabled":false,"schema_properties_FAQPage_question_answer":null,"schema_properties_HowTo_howto_tools":null,"schema_properties_HowTo_howto_supplies":null,"schema_properties_HowTo_howto_steps":null,"schema_properties_WebPage_cssSelector":null,"schema_sameAs_repeater":null,"schema_custom_json_repeater":null,"schema_custom_json_override":false},"yoast_head":"\nMain Causes of Employee Turnover<\/h2>\n
1. Lack of Growth and Progression<\/h3>\n
2. Being\u00a0Overworked<\/h3>\n
3. Lack of Feedback and Recognition<\/h3>\n
4. Little Opportunity for Decision-Making<\/h3>\n
\u00a05. Poor Employee Selection<\/h2>\n
\nStrategies to Reduce Employee Turnover<\/h2>\n
![\"Business](\"https:\/\/www.highspeedtraining.co.uk\/hub\/wp-content\/uploads\/2017\/09\/meeting-K.jpg\")
<\/p>\n1. Invest in your Employees<\/h3>\n
2. Reward and Compensate your Employees<\/h3>\n
3. Perfect your Selection Process<\/h3>\n
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![\"Interview\"](\"https:\/\/www.highspeedtraining.co.uk\/hub\/wp-content\/uploads\/2017\/09\/Interview-K.jpg\")
<\/p>\n4. Provide Considerate and Thorough Feedback<\/h3>\n
5. Ensure a Good Work-Life Balance<\/h3>\n
\nWhat to Read Next:<\/h3>\n
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