How often do you hear businesses complain about retention? They train employees andthen they leave for a new company and take all that knowledge with them. It’s frustrating and they wonder why their employees aren’t loyal to them and keep them on the constant track to recruit talent.
But the problem is they don’t look closely at their own organizations to see why employees are leaving. Here is one I hear frequently. An employee sees a job posting internally and would like to move to another department. The problem is they have no shot at getting the job because of the internal politics when one department hires another employee. The department heads don’t want to deal with their counterparts when they hire from them. The employee now feels there is no way to advance and feels stuck.
The other popular scenario is when new employees are hired at larger salaries than the current staff. When it’s brought to the manager’s attention they claim there isn’t enough money for raises. The employees quickly realize the only way to get a raise is to be a new employee at a different company.
These scenarios are all too common and play out in companies of all sizes and industries. It fuels employees to feel unappreciated and trapped in their current roles. This leads them to the only escape and that is to find a new job. It leaves their current employer facing a constant talent drain. The employees who know your organization best are taking their knowledge and talent to competitors.
What do you think; do you think that retention and turnover could be slowed with loyalty from the employer to the employee?
- The Other 3 R’s: Recognition, Remuneration and Retention (customerthink.com)
- The DO’s Of Employee Retention (azzist.com)
- Maintaining Your Most Valuable Treasure (azzist.com)
- Role of Motivation in Improving Employees Performance in Service Industry: Case Study of Etisalat (thinkingbookworm.typepad.com)
- Thank You AND Recognition Is Never Ever Unappreciated (dfolstad58.wordpress.com)
Sandy Miller has been helping clients with marketing and advertising projects for over 15 years. In that time I have seen lots of changes but nothing as exciting as the introduction of social media.