07.24.06
Halting the Exodus
Some businesses and industries may be prone to high turnover. However in many cases, employers have the power to do something about it and the solution is as easy as simply listening. This doesn’t necessarily refer to holding exit interviews with departing employees, but to talking to employees that stay. Finding out why they stay and what might lure them away to another job can assist you in addressing a potential turnover problem.
The answers received will probably vary. After all, everyone is motivated differently and attracted to different incentives. Some may be motivated by a chance to learn and grow, a promotion and a grandiose title, or generous vacation time. While you may not be able to offer everyone, everything their heart desires, you can begin to review these motivators to see if you may be able to do so in the future. More importantly is the fact that your employees will feel valued and important. This in and of itself is a great retention strategy that is easy to employee and requires very little outside of a little time and listening skills on your part.
Don’t be afraid to ask just because you may not be able to deliver. If you can’t, be frank and let them know that, but also commit to investigating other possibilities. Chances are you probably have at least one thing your employee want that you CAN deliver and that’s a solid start to halting the exodus.
