When you’re running a business, turnover happens. But excessive turnover can harm a business. The instability can make it difficult to maintain your day-to-day operations, as well as your workplace environment. Finding new employees can be time-consuming and frustrating. The good news is that you can get ahead of employee turnover.
Take Time When Making Hiring Decisions
Rushing through the hiring process can cause you to make a poor hiring decision, and choosing the wrong person for the job can affect your business operation and your business culture, and lead to even more turnover. Even if you’re eager to fill an open position, do your due diligence when hiring a new employee. Taking the time to find the right person ultimately will help your business and help you decrease turnover.
Create a Positive Work Environment
One of the top reasons people leave their jobs has little to do with the work; it has to do with the work environment. A toxic work environment, in which people feel overworked, undervalued, overmanaged and disrespected, can cause employees to leave in droves. Make an effort to create a positive work environment. Be friendly and model respectful behavior for your employees. Encourage team building, whether it’s a catered lunch or a day out for your employees. Don’t micromanage, and praise your employees when praise is due. Not only will your employees be happier and less likely to leave, you also will be happier at work, and your business will run more smoothly.
Give Your Employees Room to Grow
The best bosses are the ones who look for their employees’ strengths and give them opportunities to use those strengths and grow their skills. When people feel they are in a dead-end job, they are more likely to leave. Nurture your employees and provide them with opportunities to grow within your company. If they see ample opportunity, along with support and encouragement, at your company they’ll be far more likely to stay.
Make Sure Your Employees Practice Work-Life Balance
Employee burnout is another leading cause of employee turnover. Employees can only work at maximum capacity for so long, and when they reach their max, they’ll leave. Make sure your employees aren’t working too much overtime, that they unplug from work after hours and that they take vacation days and personal days to stay refreshed.
Practice Good Communication.
Your employees will feel like part of your team and part of your company when you practice good communication and involve them in the fold. Good communication means clearly communicating your business goals and plans with your employees, as well as sharing business successes. It also means listening to your employees’ feedback and valuing their opinions and ideas.
As the head of your business, you play a big role in minimizing turnover. By creating the right environment for your employees, you can stay ahead of turnover. And when employees do choose to leave, you can continue your positive business culture by wishing them well and thanking them for the work they have done for you.