employee turnover

How Do You Deal With High Employee Turnover?

It’s true that you can’t make all of the people happy all of the time. But when your employees are more focused on where they’ll jump next than on the current job at hand, you might have an issue with employee turnover.

Why Does Employee Turnover Matter?

You may think that a constant influx of new employees will lead to new ideas and new energy. But that’s only part of the story.

When you factor in the costs associated with onboarding a new employee, the time and loss of productivity such onboarding can put on other team members, and even the costs for advertising, interviewing, and screening: It all adds up quickly.

And it can create a domino effect. When one employee leaves, it puts additional strain on others, who in turn become overwhelmed. They’re more likely to make mistakes and more likely to burn out, putting them on the hunt for a new position elsewhere.

Cost of Employee Turnover

In fact, many studies show that the total cost of losing just one employee can cost one and a half to two times a position’s annual salary. Now multiply that times the number of employees on your payroll who are currently looking for work elsewhere, and the problem becomes exponentially bigger.

How to Boost Employee Engagement

There are a couple of ways to combat employee turnover.

Bad Bosses

First, research indicates that a bad boss is the number one reason people leave their jobs. Many organizations promote employees who are subject matter experts to the role of manager or supervisor.

But those individuals often don’t have the people skills necessary to lead others effectively. Investing in leadership development for new managers can provide them with a foundation of the “soft skills” necessary for success.

To build a foundation of trust with their direct reports, it’s important for leaders to:

  • Find the right way to communicate with direct reports
  • Provide others with meaningful, insightful feedback
  • Resolve conflict effectively.

When a company spends time and effort improving leadership skills system-wide, employee retention increases.

Don’t Just Manage, Inspire

Our own research has revealed that leadership and communication skills, while a good foundation for success, are alone not enough to keep employees engaged. Today’s workforce is savvy. They want to feel like they’re making a positive contribution.

We’ve found that employees are looking for inspiration and enthusiasm from their bosses. Leaders can — and should — set the tone for those who report to them. You want to strike the right balance between getting results and showing respect for your team. Energy across a team, or even across an organization, naturally arises when there is a clear vision, meaningful work, and a positive attitude.

You may feel that leadership is an either/or prospect: Either you’re born that way, or you’re not. But we’ve found that strong interpersonal skills can be developed via training and practice. Even those with natural charisma can benefit from such training.

When your organization’s leaders have the ability to influence others effectively, your workforce is involved and engaged — and committed to the organization’s ultimate success.

Employee Retention Whitepaper

Want to learn more about how employee engagement can decrease your high turnover and boost productivity? Check out our Key to Employee Retention Whitepaper.

 

Related Insights

leadership development

In Leadership, Style IS Substance

Styles of Leadership Impact Success What makes the difference between the leader who rises steadily through the ranks of an organization versus the derailed executive whose career mysteriously jumps the

Privacy Policy of q4solutions.com

Q4solutions.com collects some Personal Data from its Users

 

Facebook Audience Network
Personal Data: Cookies; unique device identifiers for advertising (Google Advertiser ID or IDFA, for example); Usage Data

User ID extension for Google Analytics
Personal Data: Cookies

Google Analytics with anonymized IP, Google Analytics, Google Ads conversion tracking, Display Advertising extension for Google Analytics, Facebook Ads conversion tracking (Facebook pixel), Twitter Ads conversion tracking, LinkedIn conversion tracking and HubSpot Analytics
Personal Data: Cookies; Usage Data

Mailing list or newsletter
Personal Data: address; city; company name; Cookies; country; date of birth; email address; first name; gender; last name; phone number; province; state; website; ZIP/Postal code

Phone contact
Personal Data: phone number

Contact form
Personal Data: address; city; company name; country; date of birth; email address; first name; gender; last name; phone number; profession; province; state; various types of Data; website; ZIP/Postal code

Google Site Search, Google Maps widget, Instagram widget, Vimeo video, Wistia widget and YouTube video widget
Personal Data: Cookies; Usage Data

Google Fonts and Adobe Fonts
Personal Data: Usage Data; various types of Data as specified in the privacy policy of the service

Gravatar
Personal Data: email address; Usage Data

Stripe
Personal Data: various types of Data as specified in the privacy policy of the service

Hotjar Heat Maps & Recordings
Personal Data: Cookies; Usage Data; various types of Data as specified in the privacy policy of the service

Crazy Egg
Personal Data: Cookies; Usage Data

iubenda Consent Solution
Personal Data: Data communicated while using the service

Amazon Web Services (AWS)
Personal Data: various types of Data as specified in the privacy policy of the service

LinkedIn button and social widgets, Facebook Like button and social widgets, Twitter Tweet button and social widgets and ShareThis
Personal Data: Cookies; Usage Data

YouTube button and social widgets
Personal Data: Usage Data

Geolocation
Personal Data: geographic position

HubSpot Email
Personal Data: email address; Usage Data

ZOHO Campaigns
Personal Data: email address

Mailchimp
Personal Data: address; company name; Cookies; country; date of birth; email address; first name; gender; last name; phone number

Instapage
Personal Data: Cookies; email address; Usage Data

ZOHO CRM Email
Personal Data: various types of Data as specified in the privacy policy of the service

AdRoll, Remarketing with Google Analytics, Facebook Remarketing, Twitter Remarketing, LinkedIn Website Retargeting and Google Ads Remarketing
Personal Data: Cookies; Usage Data

Facebook Custom Audience and Twitter Tailored Audiences
Personal Data: Cookies; email address

Akismet
Personal Data: various types of Data as specified in the privacy policy of the service

Google Tag Manager
Personal Data: Usage Data

HubSpot CRM
Personal Data: email address; phone number; various types of Data as specified in the privacy policy of the service

HubSpot Lead Management
Personal Data: various types of Data as specified in the privacy policy of the service

ZOHO CRM
Personal Data: email address; various types of Data as specified in the privacy policy of the service

Contact information

Psychological Associates
8000 Maryland Avenue
Suite 1525
St. Louis, Missouri 63105

Owner contact email: digital@gobrandgo.com