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I
am working as a consultant for more than 5 years and during that period I came
across many entrepreneurs and employees, heard so many problems and worked on
that. One major problem which I heard from many entrepreneurs is “Employees are
quitting the job. No employee is ready to make his career with them. Today also
I met one entrepreneur and he was
discussing the same problem with us. So, I took this opportunity to share my
views on “Why Employees are quitting the
job?”
During
my consulting I have observed that there is an employee’s who has an incredible
performance and looking at him we think that, "This is the one!" Who has a bright future. They are smart,
engaged, driven, and seemed to really love the job. We think, "he is going
to be together with company!" and have a promising career. But then one fine day, they quit.
Why
any employee is not willing to continue with any organization and changing his job. Here are some reasons employees might quit a job
1. NO VISION:
Many times I have observed that company does not have
clear vision. In modern times where entrepreneurs like JACK MA had already planned
his road map for more than 100 years. for ALIBABA and if we compare him with
other entrepreneurs then we came to know that they don’t have any plan. They
even don’t know whether after 10 years they will continue their business or
not. There are few companies where employees are working for more than 5 to 10
years and reason behind that is they are great at communicating their vision
all the way from the top down to the front-line workers.
2.
Stagnation
(360 degree development)
Now
world is changing so fast. Still I remember that before some years in India we
were working on 3G and just in couple of years we are on 4G and many companies already started on 5G and 7G. No one likes
stagnation then we can assume that our employee will not like to work same
things. If they like then we must thank almighty to give such employees. Now
our associates (employees) want to feel that they're still moving forward and
growing in their professional life. They want to have something to aspire to.
If we are not giving them then we also know that our competitor is also
watching him. So, its better that we can plan one training calendar where we
can upgrade their professional skills and give them an opportunity to work
according to their skills.
3.
System
and processes
Many
times I heard from employees that they felt injustice with them. Because they
were working since last 5 years and their salary is 20000 where the salary of
new joinee is 22000. No one wants to stick around in a workplace that doesn't
treat them fairly. I am sure many companies are facing this problem. Some
may be aware and some may not. So, for that we can ask our HR on how to guide
them on a regular basis. Many companies don’t have any process for recruitment
and performance appraisal. And just because of that it may be possible that a
person who is an expert in buttering will get promoted where eligible will not.
This type of discrepancy will lead to dissatisfaction and ultimately we lose
our experienced associate. So, here I would recommend that we should have
performance appraisal system and for that if require we can then take the help
of the professional.
4.
No
Work life Balance:
In
today’s corporate world the schedule is not fixed so it is very difficult to
manage both the life (personal and professional) together. During early days of
business at that time entrepreneur sacrifices his personal life because he
wants to build his empire. And now same he/she accepts from his/her employee
also. It is acceptable for some days if he worked after working hours. Here
still I recommended that never allow any employee to work before or after
working hours.
According
to a survey by Right Management, 36% of workers get
after-hours emails from their supervisors. Some 9% say their bosses email them
while they are on vacation and 6% say they get emails on the weekend. What will
happen in this scenario, employees’ burnout faster and most will simply start
looking for a new place to work- even while working for you. If you want to retain
your key employees, it is essential you know what is tempting them to look
elsewhere.
5.
Growth
Opportunity:
Nowa
day’s many employee believe that if they want a hike in their salary then it’s
better to switch the job. E.g., there are 2 friends who joined “A” company on
same date with same designation and with same salary. Their salary was 20000.
After 2 year their salary was 24200 by 10% increments each year. Then one of
the friends put his resignation and joined Company “B”. Here he gets 30%
increment on his last CTC. That means his salary reach to 31460, where his
friend salary was 24200. After completion of 6 years salaries were 32210 (who
was continue with Company “A”) and 41873 (Who switched the job and joined
company “B”). After that again that
person switched the job to company “C” with 30% hike. And now his salary turned
to Rs. 54435. Differences between those
2 friends are 22,225 Rs. This is the calculation for 6 years. In such situation
there is a change where our employee will definitely get de-motivated and will
try to search better opportunity.
In
this type of situation also, If PMS will implement properly then I firmly
believe that employee can earn a salary that he wants.
These
are the main reason I believed and other reasons could be,
6. Wrong people are hired or promoted
7. Employees creativity, not channelized/engaged.
8. Lack
of recognition
9. Relationships with coworkers
10.
Organization’s financial stability
11. Employers
Don’t Honor Their Commitments
12. Employees contributions aren't recognized
The best way to
retain your employees? Ask them what they want and work with them to make sure
everyone gets what they need.
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