EMPLOYEE TURNOVER CAN KILL YOUR BUSINESS! WHAT ARE THE REASONS?

Employees quitting for unknown reasons is a headache for businesses. Even worse, mass resignations at the same time can cause your company to face difficulties and personnel issues. This can severely affect work progress and lead to unpredictable consequences.

Attracting talent is difficult, but retaining them to serve the company’s operations is even harder.

Every company wants to retain its talented employees for as long as possible. However, they are often among the first to leave. Employees quit for countless reasons, such as studying abroad, challenging themselves with a new job, or staying home to care for children… These issues are often difficult to negotiate or resolve and are beyond the manager’s control.

As a manager, have you ever tried to find out the real reasons why your employees quit?

 To address this issue, 1Office will outline the 5 main reasons why employees resign. This will help managers better understand their employees’ issues and find solutions.

1. Salary Policy

80% of working professionals believe that the salary policy directly influences their decision to accept a job. Employees need an income to cover their living expenses. However, businesses often focus only on company profits, overlooking bonus policies for completing assigned tasks. Therefore, no matter how good the job is or how passionate you are about it, a poor salary policy will not be able to “retain” employees.

2. Career Advancement Opportunities

Career advancement opportunities are the dream of every employee and have a positive impact on their careers. While salary is important, the possibility of promotion is the main motivation that helps them perform their jobs well. You constantly strive to advance in your work, but in return, you only receive indifference and a lack of concern from your boss. Even worse, your boss promotes the wrong person. This is why employees look for new jobs to find more opportunities for themselves.

3. Eagerness to learn

A talented employee is always learning and honing their knowledge. Instead of setting easy goals, they want to be challenged with important tasks where they can fully utilize their knowledge and skills. Therefore, employees will feel unchallenged if you assign them tasks that are too simple and tedious.

For this reason, you should provide them with opportunities such as participating in new skill development courses or having experienced individuals mentor them. This shows that you are investing in the employee’s future, not only enhancing their learning ability but also putting them one step closer to a promotion.

4. Corporate culture

Sometimes, company culture is the deciding factor that retains employees, or it can be the very reason they decide to leave.

Does your company show respect, appreciation, and care for its employees through its bonus policies and benefits packages? Does the work environment lead to employee satisfaction and engagement? Is their manager a good leader? Do your employees feel happy at the company?

All of these are key factors that help you understand the reasons behind their decision to resign.   

5. Work pressure

A little pressure can boost work performance, but piling on too much will backfire. Overworked employees will experience negative effects on their physical and mental health, as well as their relationships with friends and family. This is why employees quit, seeking jobs that are a better fit for their skills and personal circumstances.

A good manager needs to know how to retain their employees.

Read more: The 4.0 CEO’s Art of Delegating Tasks to Employees

By understanding these main causes, businesses can address the issue of employees quitting for unclear reasons and avoid losing the talented individuals who contribute to the company’s success.

The comprehensive human resource management solution, 1Office, effectively supports businesses in building management policies and an internal culture. This is a management solution chosen by many large organizations such as YODY, SONHA, CANIFA,… Contact us for a dedicated consultation.

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