Why Are People Leaving Their Jobs?
Being unhappy with the leadership of an organization is one of the major reasons that people are quitting their jobs at such a high rate today. In the past, people may have been more inclined to stick around at a job even if they weren’t particularly happy with the leadership of the company. Today, however, the economic climate is different. Today the economic climate favors job seekers, shifting the balance of power in their favor. Everywhere you look you see companies with signs up saying that they’re hiring. You see hiring bonuses, increased wages, and other incentives all designed to entice prospective employees. With all of that competition for their services, people have discovered that finding a new job is much easier today than it has been for a long time. This means that they are going to be more inclined to quit if they aren’t happy, which is what a lot of companies are seeing happen.
What can you do to help prevent your employees from quitting? Offering fair pay and benefits is a start, but ultimately this won’t be enough if you don’t have strong leaders that show both resilience as well as compassion. People are an asset, and the best leaders understand this and treat them with the respect they deserve. Take a moment to think about how much time, money, and effort goes into hiring and training a new employee. No matter what field you work in, bringing a new worker on board requires significant resources. Now, what happens when that worker quits? You end up having to start over again, use those same resources again, then hope that they don’t quit as well.
Educate your Leaders
The best way to keep employees happy with their job is to hire and train leaders that manage in a fair and competent way. This doesn’t mean you need managers that will let employees walk all over them, that’s not a good way to run any business. What it does mean is that the leaders in your business should know what they are doing, and they should treat employees fairly. They should work with employees, listen to them, and above all else, treat them fairly and with respect. This doesn’t mean that there can’t be discipline and consequences, but they have to be handled in a professional way. When you treat employees as the valuable resource that they are, and you educate your leaders, you should quickly discover that you’re able to retain more employees for longer periods of time.