Attrition occurs for a variety of reasons: employees retire, quit, move, feel unsupported, feel unmotivated, feel unsuited for the job, etc.
Many people are looking for work environments that offer a fair work-life balance or allow them some autonomy in their day to day work. Some employees want to feel heard and some want to be challenged. Others want to know that they can be successful in the company.
The reasons behind company attrition vary, but the bottom line is that any form of employee dissatisfaction can be a cause – and it can be costly to an organization.
And not just obvious costs, like the money you’ll end up paying to find new employees.
Think about the impact that unfilled positions have on your current employees and the burden that’s placed on them when they need to tackle additional work. Think about the cost of losing a knowledgeable employee and the time it will take to train someone new and get them to that level.
Here are some ways you might be able to decrease attrition rates for your organization:
- Invest time in training. It will show your employees that you care about their success. It will also build their confidence regarding their job and provide mental stimulation to those with the constant need to learn something new.
- Have realistic expectations. Don’t overload your employees. Assign an amount of work that is challenging, but reasonable. People need a healthy work-life balance.
- Be open minded and flexible. Sometimes deadlines cannot be met for a variety of reasons – sometimes they’re unrealistic. Things happen. Help adjust priorities when necessary.
- Acknowledge and reward a job well done. An accolade or small token of appreciate goes a long way. It says, “Thank you. We appreciate your hard work.” These gestures matter.
- Employ temporary staff when necessary. If someone is out sick or on vacation, or if it’s peak season, consider adding temporary support. It will help you maintain productivity without burdening your employees with an additional workload.
- Listen. If your employees are voicing concerns, listen and address their worries. If they don’t feel heard, they WILL stop caring.
Successful companies create and nurture a work environment where employees feel supported and heard. This is pivotal to maintaining productivity, job satisfaction and employee engagement and decreasing attrition rates.
If you are experience an influx of work or high turnover, connect with your recruiting partner. They offer many hiring options and other services. Together you can determine how they can better help your business and alleviate some of the stress.
At Masiello, we can help you find a workforce best-suited to your business needs. If you find yourself hiring new staff, or are simply interested in more information, contact our expert staffing and recruiting team. We’d love to tell you how our services can benefit your organization.