I bet you've had it before; life is going great and then out of nowhere your best employee wants to leave. Suddenly before you know it you've lost 2 or 3 more staff and your perfect plans for success have been thrown out the window. There's nothing more frustrating than having your plans for growth derailed and your focus stolen.
The good news is that you're not alone. Research from the Chartered Institute of Personal Development shows that 24% of staff are looking to leave their jobs, with job satisfaction at its lowest level for two years. With such low morale amongst employees, it's easy to start to lose staff that played a key part in your plans for success, or the day-to-day running of the team.
Here are some of the key reasons why your staff might be leaving:
- Low salary
35% of staff who were surveyed by Glassdoor said that not feeling their salary was fair would be the biggest factor in their decision to leave their current role. This is a relatively easy problem to fix make it a company principle to regularly review your salaries to make sure that they're in line with averages in your area. You can request a free copy of our Brook Street Salary Guide here to help you benchmark.
- I'd been there a long time and needed a change (23%)
Almost a quarter of staff interviewed cite this as their reason for wanting to leave. It's really just a euphemism for not experiencing adequate career progression in their time within their current role; If they had moved roles several times within a company and were engaged and content, this wouldn't be such a big motivator.
- The work was boring (22%)
This is mainly an issue with entry level staff and first time roles. Staff in lower level roles tend to be less tightly managed and this can result in a lack of variation in their day to day routine.
For each of these reasons, there is an easy way to combat the symptoms and stop your staff from leaving.
Find out how to retain your employees with our latest UK Leading Talent whitepaper The Personnel Challenge (how to retain key talent)