5 Takeaways That I Learned About

September 16, 2019

Employment

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Employee Retention

A type of social entity that is composed of people with the same goal in mind is called an organization. The employees are the most important asset for any firm or organization, as without employees firms and organization will be reduced to nothing more than just a name. A collection of employees will not only make an organization, but they provide the organization a competitive edge.

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The employees can be on the higher tiers such as the likes of managers or something more humbler like foremen, but its these employees are what allows an organization have the ability to dominate other organizations. These employees have the skills, capabilities, behavior, efficiency, knowledge and etc required for any company to execute any plans. Thus, without the support of employees be it from the lowest position to the very top, an organization equates to nothing, so it’s the best that they are held on to and taken care of.

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A company, organization, or firm’s ability to retain or keep its employees is what’s called Employee retention. Employee retention is not as easy as it sounds, in order to keep employee retention at a high level, certain tactics needs to be employed. Thus, companies need proper plans and policies in order for them to retain their employees. As they say the best way to solve a problem is to work on its source, thus, to keep employees an organization should know why they want to leave in the first place.

Reasons why an employee might want to leave:

Pay grade -One of the most apparent reasons why somebody would want to leave an organization is their salary. The main reason why somebody would want to work is money. People work to earn some money, that’s why people look for jobs and there will always be the tendency of a person leaving an organization for an organization with better pay for practically the same work or if they feel like they are being too underpaid.

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General Lack of Motivation: Motivation is the psychological factor that drives and encourages an employee to work hard to achieve desired goals. Motivation is needed every now and then to boost morale, this could be in any form be it monetary or not. Morale and an employee’s passion to work is very important. And what better way to provide that than motivation.

Improper management: Good management means employees will want to stay. Inefficient managers will only cause employees to leave on a regular basis. Managers don’t need to be very stern and strict 24/7, there are situations where politeness is required. Its absolutely necessary for managers to hear the voice of the employees, listen to their problems and help provide a better solution.

The reasons above are just the common reasons as to why employees want to leave I’m sure there are other personal reasons that might drive an employee to leave the organization.

To have an employee replaced is 3 times more expensive than their salary, although it might be hard its actually better to keep them around.

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