As a small business owner, you know the value of each and every employee. You have so few that you need all of them to be at the top of their game. Recruiting new talent isn’t as easy and affordable as one would believe. If your company has a very high employee turn-over, achieving success would be very difficult.
If your find that your company’s atmosphere is very gloomy and your employees are unhappy, you need to change things. Naturally, you can only do that if you recognize the cause of their unhappiness. Here are some of the common reasons for employee dissatisfaction.
Bad Company Culture
This is one of the most common reasons why people quit their job. There are many business owners that dismiss company culture as something inconsequential. They don’t believe that it has any influence on employee turnover at all. Unfortunately, that’s simply not the case.
If your company culture is unreasonably competitive, stressful, and doesn’t nurture growth, you’re very likely to lose some employees. One of the best ways to avoid that is to lighten the atmosphere. You should encourage team activities and keep the competitiveness to a reasonable level. You should also encourage growth and creativity.
Lack of Acknowledgement and Appreciation
Employees, especially the millennials, thrive on encouragement and appreciation. They want to know that they’re contributing to the growth of the company. They can only do that if you let them know. It’s a good idea to acknowledge employee achievements. You should show them some appreciation if your team has crossed and important milestone. That would keep your employees motivated and promote enthusiasm. It would also make them feel as though they’re a vital part of your company’s growth and success. That would ensure better employee retention.
No Growth Opportunities
No one wants a stagnating career. They don’t want to be stuck in the same position, with the same salary for years to come. They want to grow, they want to learn, and advance in their life. As an employer, it’s your responsibility to offer them those growth opportunities. You can start this by assigning your team responsibilities, nurturing their leadership skills, and helping them learn as much as you can.
Lack of Challenges
Your employees won’t feel motivated about their jobs if they don’t have something that would challenge them regularly. A job can become very monotonous if there’s nothing to offer a break from the monotony. The human mind isn’t designed to do the same task again and again. Eventually, it would start to automate the tasks and that would lead to mistakes. You can avoid this by providing your team with challenges. You would keep changing people who take up leadership role. A challenge would add a fresh zeal and energy to your company and increase productivity.
You should also ensure that your employees get breaks and some holiday time often. That would ensure that their mind stays fresh and they remind passionate about their work. These factors would reduce employee turnover.