How To Reduce Employee Turnover

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Employee turnover is costly and disruptive. It impedes your ability to deliver products and services and drains resources.
It makes sense to reduce turnover, especially nowadays when the unemployment rate is so low, 3.5% in the US as I write this. This means when posting a job opening you are likely to get applications from people already working but dissatisfied.
What drives employee dissatisfaction to the point where people start seeking new job opportunities? I researched various articles on this topic and came up with reasons for turnover.

Here are a few:
Career development
Manager behavior
Work-life balance
Job characteristics
Compensation & benefits
Retirement
Work environment
Interesting work
Feedback & recognition

These factors that lead to turnover have been problematic for a long time and companies have made good efforts to address them, but turnover is still an issue.
Even if you address these employee concerns strategically and put in place good practices to retain people, there are two reasons why these practices may not be effective. Get access to forms worksheets and templates from my website: https://bit.ly/3vP78oe

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Find solutions to problems in leading, managing, and working with people in the workplace. Tap into your unlimited potential to become the leader, manager, and team member that you envision. Stephen Goldberg of Optimus Performance guides you with practical tips and ideas on leadership, team development, and personal performance in the workplace. Read articles on my blog http://www.optimusperformance.ca/blog/


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