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Why Great Employees Quit & How to Keep Them
The cost of hiring new employees can be a drain on your resources. The average recruiting cost per hire varies according to job level and hiring strategies, but the average is 35% of an executive’s first year salary. It makes sense that an employer would want to recoup those expenses by retaining their top talent for at least a few years. How do you keep new hires once you’ve landed them?
We’ll look at seven common reasons why employees leave and how you can keep them.
Reason #1: The job or workplace was not as expected.
Being honest about the company during the hiring process builds trust and provides clear expectations to a potential candidate. In the rush to hire, employers may over sell the job, or fail to mention any challenges the company is facing. Once a new hire gets on board, they’ll find that things aren’t what they were touted to be. That breeds both dissatisfaction and mistrust. This new hire may wonder what else is wrong or what else the company might be hiding. Companies should be honest about their future even with blemishes…and all companies have them. This will ensure the proper fit between employee and work environment.
