Presented by: Marcy Young, Founder & CEO, HR Alliance
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Date: 6/9/2021
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Employees are a crucial part of any business. One statistic that may be troubling for business owners is that 31% of employees quit their jobs before making it to the half-year mark. This level of turnover could be devastating to a small business.
Here are some things to consider when you’re planning your employee retention strategy.
Why do Employees Leave?
- Poor leadership from their supervisors
- Dissatisfaction with company cultureÂ
- Feeling overworked and/or unsupportedÂ
- Inadequate salary and benefitsÂ
- Limited opportunities for advancementÂ
- Need for better work-life balanceÂ
- BoredomÂ
- The desire to make changeÂ
Why do Employees stay?Â
- Inspired by being part of something specialÂ
- Feeling Valued, recognized, respectedÂ
- MentorshipÂ
- Believe in the company’s mission, vision, and valuesÂ
- Good compensation, benefits, and incentivesÂ
- Exciting and challenging workÂ
- Great Relationship with their superiorsÂ
- Work-life balanceÂ
- Career growth, learning, and developmentÂ