Of course, employees will often move onto pastures new, whether to broaden their experience, take another step up the ladder or move to a new location. All perfectly valid reasons for switching roles.
If, however, it feels like your organisation is in constant ‘recruit and train’ mode, always replacing and never growing, there are issues afoot and it’s time to take action.
High attrition rates will not only cause reputational and cultural damage but also cost you money, and a lot more money than you may think. According to research from HRZone, staff turnover costs British companies alone at least £4.13bn every year.
So, why do people commonly leave?
Research has shown that it’s not all about the money. Employees are looking for job satisfaction and meaningful work that aligns to their personal values, as well as having a clear sense of purpose and belonging within the team and organisation. A level of trust and autonomy, alongside opportunities to grow and develop, and a sense that staff wellbeing genuinely matters, are also key factors in enhancing motivation, enthusiasm and productivity levels.
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