High staff turnover can often be a self-fulfilling prophecy because when many people leave your business for new opportunities or because their working conditions aren’t great, that encourages others to do the same, as well as discourages people from wanting to join your team.
While you may be succeeding in other metrics, high staff turnover is a good indicator that there’s a problem with your brand that needs looking at and fixing. Of course, high staff turnover is rarely associated with a seamlessly successful business outside of that metric, as the happiness and even presence of our staff is necessary for the business to work and grow – delivering the high standards you have come to profess.
Unfortunately, this issue is not easy to fix, because as they say, it takes years to build a good thing and minutes to destroy it. With a business advisory consultant, you can look at every element of your business to see that it’s probably not just “one thing” contributing to this. In this post, we’ll discuss a few places you can begin looking to get a more competent and worthwhile overview:
Speak To Your Staff
Of course, your staff will know exactly why more people are leaving in droves. This isn’t necessarily rocket science, nor does it mean that there’s a secret conspiracy looking to take down your business. It might be that you find out an ex-employee has left your business to create their own, and against their contract is poaching your staff. Or, it might be that there’s a real issue with their package, with a lack of raises that have failed to rise in line with inflation. Keeping that measure in mind can help you focus on a more cohesive result.
Improve Company Culture
Improving company culture can help you ensure your workplace is a more supportive and enjoyable space to occupy. When you can achieve that, you would be thoroughly surprised as to how even somewhat tough working situations may not cause staff to leave. Give them a workplace to be proud of, be that with a supportive atmosphere, treating complaints with confidentiality, investing in their amenities, and providing a worthwhile work/life balance – and turnover will reduce.
Make True Commitments & Stick To Them
One good way to resolve low staff turnover is to showcase what changes you’re planning to make within the space, and what impact you hope that will have. Layout your plan and projects with everything you plan to do, why it’s important, and why they should give you the benefit of the doubt. Give weekly protocol updates to ensure that they see the progress you’re making. Keep your word, and genuinely invest in this process. You’d be surprised just how much people love a redemption story, especially in their place of work, and especially if these changes are affecting them. Even if this means simply restructuring the whole HR department, take that approach, and benefit.
With this advice, we believe you’ll be closer to fixing high staff turnover.
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