4/7/2023 0 Comments High turnover rateWhile you can't control what's happening with other companies, how much they pay, or which benefits they offer, you can take steps to improve morale at your business and make those employees who are with you happy and productive. If the skills that they possess are in demand, they may be lured away by higher pay, better benefits, or better job growth potential. The causes of turnover are related to the same factors that contribute to absenteeism - if workers are not interested in their jobs, they will either stay away or leave.īut being unhappy in a job is not the only reason why people leave one employer for another. But if you have a lot of turnover and you're losing good employees, you may want to give some thought to the possibility that the cause of high employee turnover in your business is a morale problem. That's not to say that every employee who leaves your company is unsatisfied - after all, some will retire, leave town, quit because of family circumstances, desire to change professions, or even start a business of their own. Because employees who are satisfied with their jobs generally don't give them up, high turnover is usually indicative of a problem. However, the negative effect on small businesses can be particularly harsh due to limited resources and the investment in employees. A high employee turnover rate, the rate at which employees leave a business, can affect the bottom line of businesses of all sizes.
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