Employee Retention

Companies are defined by their people, so retaining employees is a crucial objective of any organization. While considering employee retention, managers must reflect on key reasons why an employee might consider leaving the team or company. The kind of effort a manager puts into retaining the employees, particularly the star performers, is essential to the team’s and the company’s success.

Why do people quit?

There are many reasons for an employee to quit the job. Let's look at some of the main reasons below:

• Employees quit because they are unsatisfied with their compensation, so they move to another company that pays them better.

• Financial reasons are not the only reasons people quit. Sometimes, it is because of a general lack of happiness in their work.

  • Employees might feel as if they are not recognized well enough for their contributions.

  • The environment they work in is not healthy for them. For example, workplace politics can make the team atmosphere unhealthy, aggressive, and hostile. This can lead to low productivity and employees not meeting their goals. Moreover, their managers hold the employees accountable for low productivity instead of understanding the root cause.

  • The employees feel they don't have enough growth opportunities, and their learning has halted in their current role, so they start looking for jobs that align with their growth aspirations.

  • The projects assigned to them are not aligned with their interests, and the projects they are working on become boring for them. For example, a person is interested in developing new features, whereas their manager always assigns them bug fixes.

  • The employees feel like ...