Employee turnover can be a massive drain on a company’s resources. In addition, it can lead to many vacancies, increasing the workload for the remaining employees. Overworked staff often leads to more morale issues and can lead to a mass exodus of people leaving an organization. If you are a small business owner, a start-up, or trying to get your feet wet as a business, high employee turnover can be crippling.
Company Culture Matters When It Comes To Employee Turnover
A company’s culture makes it unique and differentiates it from other companies. A company culture that is inclusive and supportive will attract and retain the best employees. If you are looking for ways to prevent turnover, these 7 practical steps might help:
- Create an inclusive company culture
- Offer flexible work schedules
- Offer the ability to work remotely
- Provide opportunities for professional development
- Provide opportunities for advancement
- Provide opportunities for personal growth
- Invest in your employees
Employee Turnover
When I consult with companies and business owners, and they express that they are having challenges with employee turnover, it’s usually the result of missing one of the seven abovementioned areas. Of course, not listed here is pay. Failing to pay appropriately for a role, compared to the market or skillset required, will also play a factor. Still, I often find that employee turnover happens because of poor management, a toxic culture, and a lack of flexibility.
Connect with us today for additional support with onboarding and keeping your employees. Hire4Me is here to help.
