The focus from managing finances has slowly shifted to managing employees. Companies feel that employee performance and engagement play a significant role in revenue generation.
The impetus on managing employees is so intense that HR managers themselves are involving in training and development programmes. However, most MNCs aren’t in a position to retain employees despite their approach to better employee management.
Here are 5 reasons to why good employees leave and how to prevent them!
1. Poor Management
Despite implementing good management practices, the quality imparted might not be up to the mark. Employees can easily figure out whether an exercise is voluntarily forced or done with complete acceptance. Managerial exercises and drills should be genuine and serve the purpose. Unnecessary mock drills can hinder employee growth and their inclination towards work.
It sound cliché, but the underlying reality of most employees leaving the company is poor remuneration and package. When a talent is underestimated and paid wages way below their expectation – it can create a rift with their work. Every individual seeks growth both professionally and personally. Lack of increment and poor pay can not only drive away employees but can also demotivate current employees.
Although most employees in an organisation are motivated by money but some look for growth in terms of career and responsibilities. Employees seek regular promotions and credits for the projects they have done. Mundane activities can hamper employee interest thereby leading them to leave the organisation.
Employees should be recognised for their efforts and talent mobility policies such as succession planning and lateral transfer must be implemented in every company.
Almost every unsatisfied employee will blame their plight on their bosses. Leadership can highly affect the rate of attrition in a company. The saying goes -- people don't quit jobs, they quit managers. Leaders who are narcissistic, biased and rude can lead to increased absenteeism in employees and ultimately their departure from the company.
5. Brand Image
Every employee would like to work with brands as it plays a crucial role in building one’s esteem in the social ladder. Be it big or small, brand is the most important element that helps retain employees in an organisation. Besides, a good brand name boosts success, long-term survival and admiration. Poor brand image can lead to heavy attrition and can also bring the success of the company