The Great Resignation: 7 mistakes that give employees reasons to leave
“Regardless of how good of a company you are, sometimes employees are going to leave. Often, their departure stems from factors outside of your control, but sometimes the reasons they leave are related to mistakes you may be able to correct.
“Here are the top 7 employee retention mistakes employers make and what to do about them.
1. You aren’t paying enough
“Yes, you’re a small business but your employees are working to pay the bills, put food on the table, and build a nest egg. Other factors are important, but money is a primary motivator.
“For employees that prove to be valuable, pay market rates or above as soon as you can. Asking somebody to accept less money than they can make elsewhere isn’t inviting a loyal, long-term employee”.
Top Tip: If you don’t know the “market rates?” The Bureau of Labor Statistics can help.
2. You aren’t training enough
“A key employee didn’t get that way by accident. They love to learn and they want to be a little better each day.
“So what does that mean for you? Constantly give them opportunities to train. Send them to conferences, pay for a new certification, or connect them with somebody you know in the industry.
“Is there a chance that you’ll invest heavily into them and they’ll take all of that knowledge to another company? Yes, but it’s a chance worth taking”.
3. You aren’t challenging enough
“As they receive the training, they will be eager to put it to work.
“They won’t be happy coming to work and doing the same job every day. As a manager, you should constantly look for new ways to challenge them.
“But adding more work isn’t the answer. As they solve a problem, give them a new one to tackle”.
4. You aren’t respecting their time
“While this is true of any employee, it quickly becomes a problem with great employees, and often without you realizing.
“Because they are a reliable member of the team, they are often the first people you call on to take care of important tasks – but you have to be really careful not to overload them.
“Respect their job description. Let them know that you expect them to put their family first, and want them to tell you if they feel overloaded. Be careful not to burn them out.
5. You make them work 9-5
“We live in a connected world and if the last 18-months has taught us anything, it’s that the 9-5 routine doesn’t work for everyone.
“In most businesses, employees can do a portion of their work from just about anywhere. Star employees who have gained your trust could be given the trust to make their own schedule.
“Of course, there will be meetings and other scheduled events they must attend (and they understand that) but outside of that, judge them by their performance, as opposed to the amount of time they spend at their desk”.
SEE ALSO: Top Ten Reasons Why People Quit Their Jobs
6. You don’t praise enough
“Bad managers have the attitude that if somebody is getting paid, doing a great job is an expectation—not something special.
“Everybody should come to work to do a great job but if you aren’t the complimenting type, you’re likely to have higher employee turnover.
“Everybody likes a compliment. At home, from friends, on Facebook, and by their boss, public recognition makes people smile and lets them know that you care”.
7. You don’t ask for enough feedback
“Your great employees have a wealth of ideas. If you aren’t asking for them, you’re missing out on something that could transform your business.
“But more importantly, ask them how they feel about their job and encourage them to be honest.
“Simply asking and listening goes a long way but with that information, you can constantly tweak their position to keep up with how they’re evolving as a professional”.
The bottom line
“Even if you do all of the right things, sometimes employees will leave. When they do, don’t hold a grudge. Give them a grand sendoff, and commit to keeping in touch.
“Keeping a relationship in place could be lucrative for you. What if you used them as an independent contractor for some projects? What if they send you other great employees they meet?
“Just because they’re leaving doesn’t mean that they’re no longer valuable to you”.
