There's more to a job than salaries and benefits. Read more to see why some employees decide to call it quits.
While better salaries or benefits can lure your talent to other organizations, compensation isn’t the only – or even the most common – reason employees move on. Here are seven surprising reasons employees quit and what to do to stem turnover:
Be truthful during the hiring process when you describe work teams, company rules and policies, corporate culture and everything else related to performing the job.
If you think a candidate might have unrealistic expectations, make sure you address those before you make a job offer.
Even though you might be in a hurry to staff a position, it’s important to take your time and carefully consider how well a candidate will perform on the job and will fit with the company.
When you hire primarily based on aptitude, you might find that other factors such as teamwork, creativity and intellectual curiosity are more important to success than knowing specific skills.
New employees need frequent performance feedback. Praise them for the things they do well and coach them on the things they could improve.
Consider teaming a new hire with a partner. Choose a peer rather than a direct supervisor. This relationship can help resolve issues on policies, procedures and other frequent questions a new employee might not want to bring to his or her supervisor.
Every employee needs to know where the company’s going, how it’s going to get there and how he or she contributes to strategy. To help, offer employees the following:
Everybody wants to be a part of a winning team. Saying “thank you” makes employees feel noticed and appreciated. So does keeping them in the loop about what’s going on in the company.
Give employees plenty of opportunities to share their opinions, make suggestions and ask questions.
This could be a symptom of a bad fit between an employee and a job. Or, it could be due to having a job vacant for a period of time. Whatever the cause, it’s important to let employees understand you care about them as people.
Overload employees with too much work and they’ll hit the pavement in search of a more reasonable work load. Sponsor activities, allow employees to get to interact and bond and try to keep work enjoyable.
The best senior leaders clearly communicate the company’s vision and rally support for that idea. Visible senior managers who communicate frequently and meet with employees at all levels have a much greater ability to earn the trust and confidence of all employees.
New withholding lock-in letters are expected to be approved in the near future. Once these letters are updated, the previous letters will be replaced. Employers and employees should know how to treat these lock-in letters.
Gross pay and net pay are two important terms to understand. Which pay is most important to me, and how do I calculate it? With the PaycheckCity net pay calculators, gross pay calculators, and other resources, calculating paychecks is simpler than ever.
The start of the new decade presented many significant changes that impact paychecks. Federal, state, and local tax rates across the country typically change with the coming of the new year. Wage bases also change at the Federal and state level.
PaycheckCity Payroll is an easy and affordable way to do your small business payroll. Sign up for a 7-day free trial today.
