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00:47 BST, August 25, 2021If you notice resumes from different career fields, most people will have changed jobs throughout their life. While it is one thing to note that this trend is present, it is another way to figure out why people change to work for another company or in another position. Here are three of the top reasons that employees leave their jobs.
Pixabay.com image adapted by Market Business News.
1. The Company Ratings Weren’t Good
One thing that may shock you is that potential employees research their careers before stepping into the position. The most common place they search, GlassDoor, provides employee ratings for different companies that can greatly impact whether you retain workers or not. Often, the first thing potential employees check is the overall company rating on GlassDoor. Employers who have better ratings are more likely to retain their staff. Therefore, this is something that potential employees look at.
Another thing people will look at on GlassDoor is the career opportunity rating. Obviously, if you are more likely to provide opportunities for advancement, employees will want to work for your company because they can move up without changing businesses. That means if you provide your employees with plenty of opportunities and encourage them to review your company, you can boost your chance of retaining workers.
2. The Pay Wasn’t Good Enough
Another thing that impacts employee retention is the pay. Often, higher base pay rates encourage employees to stay at their companies to receive the benefits of more money when they advance. This is prevalent in any job type and industry. Remember that higher pay means your employees are more likely to stay with your company.
3. There Were No Opportunities for Advancement
The final bit of workforce data that impacts employee retention is whether or not there are opportunities for advancement in a company. Even if the pay, culture, and benefits are top-notch, workers are likely to leave if there is no room for advancement. On average, if an employee has stayed in the same position for close to a year with no chance of advancing, they are more likely to leave the company. After all, they want better titles that come with more years of experience.
You’re probably wondering what this means for you. Basically, it means that if you let your employees sit in their roles too long, they will start to look elsewhere for employment. It also means that you will be able to weed out any employees who are not a good fit for your company because you can promote those deserving, and the rest will seek alternative employment.
People will change jobs throughout their lives. Therefore, it is your job to be prepared and know what impacts employee retention. These are three of the top reasons that people leave their job. One of these, you can easily fix by encouraging your favored employees to review your company on GlassDoor. Improving these ratings will give you better employee retention. Then, you can use the rest of this information to make your company more appealing to potential and current employees overtime.
Interesting related article: “What is a Career?“