Employee retention issues are a major concern for companies of all sizes. High employee turnover can result in a loss of productivity, reduced morale, increased workloads of remaining employees, and overall cost your company huge amounts of time and money over the years.
With the percentage of people quitting jobs without a backup at an all-time high in the UK, companies need to identify red flags that could be affecting their retention rates.
Blue Tree HR Solutions are experts at diffusing employee retention issues to help save money and time. In this blog, we will discuss five red flags that could be affecting your retention rates and explore how our expert HR solutions can tackle these problems.
Lack of career development
One of the most common reasons why employees leave their jobs is sadly due to a lack of career development opportunities. In a society that holds career development so highly, if staff do not feel they can progress, grow and develop themselves and their career in their current role, they can feel stagnant and stuck. This often leads to these employees seeking career development elsewhere.
To overcome this barrier that employees could be facing at your company, you should be making sure your employees have the opportunity to achieve career goals. This can be done by offering training and development programs, setting up clear career paths, and providing opportunities for advancement and promotion within your company.
If this is an area you do not feel comfortable in or need some extra help implementing these requirements, Blue Tree HR Solutions can help. Make sure to take a look at our expert HR solutions ad-hoc packages to see how we can help sort your employee retention issues.
Poor work-life balance
Maintaining a healthy work-life balance is essential for the well-being and satisfaction of employees. When employees feel overworked and constantly stressed, it can lead to burnout and affect their overall health and happiness. Companies that fail to provide this balance will see a decrease in employee retention rates.
To better take care of your employees, try introducing flexible work arrangements, such as remote work options, flexible schedules, and job sharing. This can help your staff fit work and home into their day, instead of having work take over their whole life.
Encouraging employees to take time off when needed is a sure way to guarantee you are taking care of your employee’s mental health. A week off to help an employee de-stress will cost your company a lot less time and money than replacing said employee once they burn out.
Inadequate pay or no raises
Adequate pay is a critical aspect of employee satisfaction and retention. If an employee has been given more work or more responsibilities but is still on the same wage as before, they can feel angry and dissatisfied. Employees that have learned new skills and gained knowledge to perform at a higher level than when they started can also feel they are not being paid fairly for their skills. These employees are likely to feel undervalued and unmotivated to continue working for your business and will seek work elsewhere.
Blue Tree HR Solutions can help business owners experiencing these employee retention issues by helping to implement regular salary reviews. This ensures that their employee’s pay is reflective of their skills, contributions, and responsibilities. Our expert HR solutions offer other great approaches to addressing wage issues. Contact Blue Tree HR Solutions here to start building a loyal and dedicated workforce.
Poor management
Effective management and leadership are key to maintaining a productive and motivated workforce. Employees who do not feel supported or respected by those above them can become frustrated, disengaged and feel forced to leave. If employees’ jobs are being made harder than they need to be through a lack of direction and support by those who are meant to help, employees are sure to leave.
In this situation, improving your management skills will help improve your employee retention issues. Blue Tree HR Solutions offer expert HR solutions such as helping provide management training and coaching to help leaders develop the skills they need to effectively lead their teams. This type of training aims to improve communication skills, conflict resolution, and teamwork – which will help your leaders build a supportive and productive work environment.
Lack of appreciation
Our last red flag to look out for that could be negatively affecting your employee retention issues is a lack of appreciation or recognition towards your employees.
If you are not taking the time to regularly congratulate, thank and show appreciation to your employees working hard to do the best job they can, you are – as a result – making your workers feel unvalued and unimportant. Nobody is going to stay in a workplace where they feel unneeded and unappreciated.
Providing regular feedback and appreciation to employees for their hard work and achievements is necessary and should be simple. If you are finding this difficult within your company (perhaps your team is so large it is hard to recognise achievements amongst your staff) Blue Tree HR Solutions can help. Get in contact here to see how our expert HR solutions can help you give your staff all the appreciation they deserve.
Contact Blue Tree HR Solutions to start addressing your employee retention issues
Employee retention issues can be a plague on your company. The root cause can be hard to identify and finding a fix can be just as difficult. If left untreated, employee retention issues will cost you time and money that should have gone toward the success of your company.
Blue Tree HR Solutions can help you weed out the red flags within your company and offer expert HR solutions that will battle these issues head-on. To improve retention rates, reduce turnover costs, and create a happier workforce, contact Blue Tree HR Solutions today!
