Employee turnover has long been one of the issues that top the list of management concerns. A person who never lost “valuable” employees or was looking for a substitution may find it weird, but seasoned HR managers and employers know the cost of the question. An employee quitting the job means not only the breach in the already smoothed out workflow, but also lost productivity. Finding a new hire, educating and training, then taking the time to ensure the candidate is right for the position can add up into a significant sum. Therefore, it is much more sound to take measures in order to reduce the employee turnover than invest into recruiting new hires.
Preventing employees quitting their job requires you to be aware of the two major factors:
- You should know the most common reasons why people leave.
- You should be able to notice the first signs that an employee is looking for a new job.
What makes them likely to quit?
The new employee retention research by TINYpulse, an employee engagement company, has shown the key factors that spur staff to quit their jobs.
1. Lack of freedom and low job satisfaction.
According to the research data, the level of employee satisfaction with their job is in close connection with the extent of freedom he/she is allowed by the supervisor in performing his/her duties. Employees who are under strict control are 28% more likely to start looking for a new placement. So, it’s important not to cross the line between actually supervision and intruding. Letting employees make decisions as to methods and ways of doing their job doesn’t only show respect and trust. It also helps them grow professionally and deal with issues that arise.
2. Heavy workload
People who are overworked or feel burnt out because of the constant overload with work seek a new job 31% more often than those who are ok with the amount of work they are to do. So, in the battle for higher productivity, make sure your employees don’t fall victims.
3. Unfriendly atmosphere
As it turned out, relationships with colleagues are one of the key factors influencing the decision to change the job. The study has shown that workers experiencing low levels of appreciation and recognition from their peers are 11% less likely to stay with their current employer. Thus, building strong and healthy teams means contributing into employee retention.
4. Low work culture
Since people spend over a third of their time at work, they naturally pay attention to the environment. Therefore, low company culture makes 15% more likely to start looking for a new job. So, if you think that a company that cares about its staff merely spends money on nothing, you’re mistaken. Creating comfortable work conditions, organizing company-wise activities and devising a stimulating rewards plan means investing into business prosperity.
How time tracker app is helpful to reduce turnover?
Introducing a time tracker app at the workplace lets solve numerous productivity, time-management and control issues. And not so many managers are aware of the fact that this software can be used to retain employees.
First of all, it can indicate the staff members who have already started their job search and are regularly visiting job websites. This is easily trackable via looking through their personal stats. Then, you can either try discovering the reason of leaving and eliminating it, or start looking for a substitute in advance.
Secondly, interpreting the time-tracking tool data, you can notice the signs of employee burnout and overload. Pay attention at the team members who are often present in the overtime report. If they work “diligently” – with short breaks, scarce unproductive resources usage etc – they might be overworked, so time to take measures to change how things are or you may lose these workers.
This is not all the possibilities of a time tracker app like Yaware.TimeTracker, but you’ll surely appreciate the opportunity to discover the rest by yourself. It is within a few clicks – just register your account and the full package will be to your service at no cost for 14 days – this is totally enough to give it a good test drive and then make a final decision.