What makes good employees quit ?

Introduction

Many employees are not happy with recognition and performance appraisal done by the HR department or management. Therefor they should pay attention to that. The company management must give employees the appropriate remuneration in order to retain these people for a long time. Many employees are feeling workload pressure and stress. There for, the Organization should focus on their calm workload in order to reduce the pressure on employees. The relationship employees and management has to improve (Mathimaran & Kumar, 2017)

What makes good employees quit ?

Good employees quit for many reasons. According to Branham (2005) stated seven reasons for employee turnover.

1.           The mismatch between job and person.
2.           The job or workplace was not as expected.
3.           Too little coaching and feedback.
4.           Too few growth and advancement opportunities.
5.           Feeling devalued and unrecognized.
6.           Stress from overwork and work-life imbalance.
7.           Loss of trust and confidence in senior leaders.

Source: YouTube

How to minimize employee turnover

Employees that are particularly useful in thinking through the twin problems of employee retention and employee turnover. The two important variables here are the employee’s satisfaction with his job and the environmental pressures, inside and outside his company, that affect his determination to continue or terminate.

Source: Harvard business review (1973)

Reasons for job satisfaction include achievement, recognition, responsibility, growth, and other matters associated with the motivation of the individual in his job. Environmental pressures inside the company include work rules, facilities, coffee breaks, benefits, wages, and the like. Environmental pressures outside the company include outside job opportunities, community relations, financial obligations, family ties, and such other factors. Above diagram shows the relationship between job satisfaction and environmental factors for four types of employees, and also explains why each type stays.

Strategies for reducing employee turnover at ABC pharma

ABC pharma has been practicing many strategies to reduce employee turnover such as:

•           Always try to recruit right people
•          Recognize and reward employees
•          Offer flexible life/work balance
•          Keep compensation and benefits current
•      Make opportunities for development and growth
•         Demonstrate and cultivate respect

The above mentioned strategies are help to ABC to increase job satisfaction of employees and control the environmental factors pertaining to the employee turnover.

Source: YouTube

Conclusion

Several reasons exist for why employees consider leaving an employing organization, including career development, satisfaction with pay, satisfaction with benefits, relationships with supervisors and coworkers, and so forth. Some of these reasons can be corrected, although some are unavoidable. Regardless, employers should be aware of the turnover dynamics within their organization given the downsides associated with employee turnover.

References

Mathimaran. K.B & Kumar. A.A, (2017). ‘Kumar employee retention Strategies - An empirical research’. Global journal of management and business research .E-marketing, 17(1)

Flowers. S.V and Hughes. L. C, (1973). ‘Why employees stay’. Harvard business review [Online]

https://hbr.org/1973/07/why-employees-stay [Accessed 15th June 2020]

Branham. L, (2005). THE 7 HIDDEN REASONS EMPLOYEES LEAVE. Soundview EBS. USA. P.3

https://www.youtube.com/watch?v=0qGPc9p2QAM

https://www.youtube.com/watch?v=qlPgxPtENcY