Great Employees Reveal 7 Reasons That Cause Them to Leave

The attitude that employees are expendable and replaceable is slowly changing as businesses realize that investing in good employees is the key to success.

Keeping a stable workforce allows you and your employees to build an atmosphere of trust, where all are aware of each other’s strengths and weaknesses, allowing you to construct a team that is far stronger than the sum of its parts.

People are definitely a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.
– Mary Kay Ash

Price Waterhouse-Cooper’s Saratoga Institute estimates that high turnover can cost organizations between 12 and 40% of their pre-tax income, a figure that can cripple a business at a time when profit margins are shrinking. Before trying to keep employees, you have to first understand why they choose to leave one employer for another. This will allow you to tackle the underlying issues behind high turnover, or your inability to attract and retain the best and brightest.

Technology is nothing. What’s important is that you have a faith in people, that they’re basically good and smart, and if you give them tools, they’ll do wonderful things with them.
– Steve Jobs

Why Do Great Employees Leave?
These are some of the primary issues that cause staff to leave and seek alternative employment:

1) Low Trust in Management. Layoffs may be inevitable for many employers in a down economy.  How you manage the process will either strengthen your team, or erode it. Consistency in communication and direction is important, and establishes trust. A poor manager will send out a flurry of directives, often contradicting each other, and will soon have staff questioning management’s competence. If management keeps changing direction, why should your employees apply their full attention to a task, when they know that they will soon be told to do something else or move to another department?

Always treat your employees exactly as you want them to treat your best customers.
– Stephen Covey

6 More Reasons...continued in Ebook: Success in Work

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