Why Do Your Best Employees Keep Quitting?
According to the October 2022 Bureau of Labor Statistics report, 4.2 million workers quit their jobs even whilst this economy was on shaky ground, alongside those who quit their jobs 1.5 million workers were laid off.
If you’re tired of losing your best employees and want to create a workplace that people are proud to be a part of, keep reading.
Reasons for phenomenal employees quitting:
- Low pay/ Poor pay
According to the Pew Research Center data, the top reason employees left their jobs was because of poor pay. Compensation and benefits are significant to employees as their lifestyles change or their family grows, making them realise the importance of receiving an income that matches their skill set and capabilities.
- Lack of career advancement opportunities.
Workers thinking about moving on most likely don’t see opportunities for advancement at their current employer, according to a recent survey of North American workers.
No exceptional employee wants to be stuck in a dead-end job regardless of its compensation and benefits. Lack of opportunities, promotional potential, and career growth lead to any employee wanting to quit so imagine a qualified superstar who is not building any extra skills and knowledge in their current position.
- Burnout
A state of complete mental, physical, and emotional exhaustion.
Research conducted by Gallup shows that 76% of respondents reported experiencing workplace burnout. Another study by Limeade showed that 40% of employees cited burnout as a reason why they had left a job.
Workplace burnout can come from:
- Having little or no control over your work.
- Lack of recognition.
- Overly demanding job expectations.
- Monotonous or unchallenging work.
- Chaotic or high-pressure environment.
When your best employee feels burned out, they don’t perform at their best. Leading to them venturing out and seeking employment where they have space to regain balance in their life.
- Not enough flexibility
A flexible work environment provides an employee with a greater sense of will and control over their work–life balance. Which leads to increased job satisfaction and decreased stress levels. When top employees with a large responsibility do not have a balance between their personal and professional lives it places them in an environment where they are uncomfortable with voicing out their needs whether it may be personal or professional. Leading them to venture out and seek employment where an employer will be knowledgeable about commitments outside of work.
The bare minimum is no longer sufficient – employers need to go above and beyond the basics to create a culture that fosters growth, development, and a sense of purpose.
To succeed in this employer, need to reassess and enhance their management structures and cultivate a company ethos that prioritizes employee wellbeing and fulfilment. This means taking a deep dive into the factors that influence their best employees’ satisfaction and addressing them head-on.
Partner with a recruitment agency that you can trust. Our team at Professional Sourcing has a strong reputation for recruitment expertise within our specialisation areas. We build long-term relationships with our loyal clients and blue-chip employers.
Visit prosourcing.co.za for more information.