People are
four times more likely to leave a job because of something going on in the
office than for an outside opportunity. Based on research performed by the
prestigious Saratoga Institute, The 7 Hidden Reasons Employees Leave offers
real solutions to help leaders overcome the costly problem of employee
turnover. The book examines the factors that contribute to turnover--such as
manager relationships, lack of trust in senior leadership, company culture,
salary, and benefits--and teaches readers how to navigate these obstacles and
avoid them in the first place. You’ll learn skills such as aligning employee
expectations with the realities of the position, avoiding job-person
mismatches, and providing feedback and coaching that breed employee confidence.
Now incorporating results from author Leigh Branham’s “Decision to
Leave” post-exit survey, the second edition features new research in
employee engagement as well as innovative best practices for retaining
employees in a down economy. By revealing what can be done to hold on to the
people who provide the most value to the organization, The 7 Hidden Reasons
Employees Leave helps leaders increase their teams’ morale, productivity--and
the company’s bottom line. Leigh Branham (2012)
The data
identified seven “hidden reasons” employees resign. Here are those reasons.
1) Job
not as expected. This
is a prime reason for early departures. Branham’s answer: “Give a realistic job
preview to every candidate.”
2) Job
doesn’t fit talents and interests. Branham
attributes this to hasty hiring, and advises employers to “hire for fit. Match
their talents to your needs.”
3)
Little or no feedback/coaching. Today’s
employees, and especially the younger workers, want “feedback whenever I want
it, at the touch of a button.” Give it honestly and often, says Branham, and
you’ll get job commitment, not just compliance.
4) No
hope for career growth. The
antidote: Provide talent self-management tools and training.
5) Feel
devalued and unrecognized. Money
issues appear here, says Branham, but the category also includes even more
employees who complained that no one ever said ‘thanks’ on the job or listened
to what they had to say. Address the compensation issue with a system that’s
fair and understandable, says Branham. Then listen – and respond – to employee
input. “Also, ask yourself ‘how many of my employees get too much recognition?’”
6) Feel
overworked and stressed out. Branham
says this comes from insufficient respect in the organization for the life/work
balance of employees. Recommended: Institute a “culture of giving” that meets
employees’ total needs.
7) Lack
of trust or confidence in leaders. Leaders
have to understand that they’re there to serve employees’ needs, says Branham,
not the other way around. Develop leaders who care about and nurture their
workers, and trust and confidence will develop as well.
References
7-Hidden-Reasons-Employees (online) Available at https://www.scribd.com/book/375130516/The-7-Hidden-Reasons-Employees-Leave-How-to-Recognize-the-Subtle-Signs-and-Act-Before-It-s-Too-Late
Branham L. , (2012) Leigh Branham. American Management Association, at New
York [Online]
Available at www.amacombooks.org, Accessed on 31st Aug 2012
Available at www.amacombooks.org, Accessed on 31st Aug 2012
How your company over come these issues.
ReplyDeleteEranda, As middle Managers and Leaders in an Organization, what sort of reasons can be identified at above levels..
ReplyDelete