What Are the Top Reasons for High or Low Employee Turnover?

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Most studies of the causes of high voluntary turnover agree that more money and time off, better benefits, a promotion and the prospect of a more supportive boss are the Top 5 reasons good employees decamp to new positions.

That reality shows that most turnover is preventable if a company is willing to spend on overall compensation, open up career paths, focus on flexibility and be on the lookout for ineffective managers and take decisive action when they see higher than average attrition from one department.

What drives intense employee loyalty? Online retailer Zappos is often cited as a case study of how to retain workers. The company issues a “Zappos Culture Book” that illustrates how it regularly achieves an 85% or better retention rate. It boils down to a culture that embraces creativity and cares about its employees’ happiness. 

 

References 

Holliday,M.(2021)What is employee turnover & why it matters for your business.[Online]Available at https://www.netsuite.com/portal/resource/articles/human-resources/employee-turnover.shtml.Accessed on 17th April2022  


            

Comments

  1. Achinda GamageApril 22, 2022 at 5:50 PM

    Some common reasons / causes for high employee turnover are,
    - Too much of work / high work load
    - Lack of rewards or recognitions.
    - Work culture which keep employee sad mood
    - Poor attraction or relationship with managers
    - No careers development opportunities
    - Not receiving decent salary package

    ReplyDelete
    Replies
    1. Gayan SarathchandraMay 6, 2022 at 7:22 AM

      Totally agreed with your factors & thanks for sharing the same.

      Delete
  2. Anuradha Charuni RathnayakeMay 6, 2022 at 10:12 AM

    Reasons behind employee turnover include lack of growth and progress, inadequate compensation and inefficient management. Understanding the causes of high staff turnover helps managers to understand how it affects the company.

    ReplyDelete

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