5 Top Reasons Why Employees Quit a Company
In today’s age of abundant opportunities, job-hopping is as common a phenomenon as the Sun rising. While many assume that a pay hike is the only reason why employees tend to seek greener pastures, it is not the case always.
According to a survey conducted by HAYS, a leading recruiting agency, 71% of employees would rather accept a pay cut, if it were to lead them to a better job.
Job satisfaction entails employees being happy with the environment they are operating in, the people they are surrounded with, and their prospects of growth and learning among other things.
Here are a few other reasons why employees leave a company.:
- Inflexible Schedule Firstly, employees are human beings. Their health must be looked into, and employers should ensure that their working hours are feasible and do not take a toll on their bodies. Employees expect a relaxed work schedule, which pushes them to work, yet does not force them to the brink of a burnout.In fact, according to research, 82% of employees would be more loyal to their affiliated company if their jobs were more flexible. As an employer, you should allow your employees the opportunity to work from home (if their workload allows it), and allow flexible working hours to ensure their commitment towards your company.
- A Lack of Empathy
As human beings, all seek empathy and the need to understand one another. As a leader, you must express empathy and try to understand your employees.A survey by Business Solver revealed that 92% of employees would stick to their jobs if their boss shows compassion towards them and others. While some people are more empathetic than others, we can train ourselves to acquire this trait.
As the head of an institution, you are required to inculcate this mode of expression and understanding.
Organizations promoting diversity house individuals from several castes, religions, and geographic locations. Therefore, you must try to be compassionate towards your employees who carry your dreams and aspirations forward.
- Disengagement An inclusive workplace makes employees feel at home. If the employees are disengaged and are working just for the sake of it, they are likely to lose interest over time and seek opportunities elsewhere. According to research conducted by Gallup, 59% of workplace-engaged employees are happy with their job and are less likely to seek new employment.If your employees are having a hard time fitting in and connecting with the work culture, find out what engages them, and try to grasp their attention. Conduct activities and team building sessions to help them interact with one another.
- Undervalued If your employees feel undervalued, nothing can pique their interest in work. The feeling of being undervalued in the company can easily turn an asset into a liability. If your employees are putting in a good shift for your company, appreciate their efforts let them know that you are grateful for their contribution.According to research, 66% of employees would consider leaving their job if they are not appreciated enough. Acknowledge the efforts put in and make them feel valued. After all, your company is a team of talented individuals who work for you.
- No Future When an individual accepts a job, they expect a pay rise and growth in years to come. If they do not see any prospects of growth after a year or two of working with your organization, they may seek new pastures in their quest for a promotion, an additional learning curve, and advancement in their field of expertise.Almost 70% of employees want to leave their job because they are not given a chance to grow in their current role, or to take up the responsibility of a role at a higher position.
If an employee deserves a promotion or opportunities to advance his skillsets, do not deny him. Conduct regular training workshops to ensure that your employees’ skillsets are ever-increasing and that they are satisfied.
You must value your employees and understand their needs. Do not deny someone the opportunity of growth, and be empathetic towards them when necessary. Keep office hours as per official norms, and allow your employees to work remotely if the work does not require them to be present at a particular place.
While it is not advised to enable your employees to work remotely at all times, if a project is less-intensive, or if there is an emergency that needs their attention back at home, you should be considerate towards their needs.
After all, the feeling of being appreciated can go a long way in establishing trust and ensuring employee retention.
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