Suffering from high attrition rates? – Ask yourself these questions.
One of the biggest challenges employers face in today’s market is the high
attrition rates. If you are the HR Manager of one such company which faces a
high attrition rate – ask yourself the following questions, as these are the
most common causes of people switching jobs.
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Have you placed the right people at right place? Just filling up the vacancy
doesn’t help.
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Do you offer an attractive and competitive salary?
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Do you offer other benefits to the employees like flexible working hours,
medical insurance etc.?
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Does working for you provide them a balance of work and personal life? – Flexi
timings can help.
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Do you have enough people to prevent people from working long hours?
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Do you appreciate good performance? More importantly, does the salary of the
employee also say this?
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Do you show respect to employees? – Listening to their opinions, ideas, using
their skills matters.
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Do you give them an opportunity to share their knowledge by giving them
opportunities to mentor and train others?
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Is there some fun involved with work? – You can have some celebrations and
festivals to keep the spirits high.
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Do you have a periodic performance appraisal system in place? - It is not
enough to provide a feedback on the performance just once in a year.
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Do you provide enough opportunities for growth and development?
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Are your employees aware of the room for development within the company?
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Do you celebrate success? And make employees a part of it?
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Do your employees feel free to offer new ideas and suggestions?
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Are you perceived as a fair employer by the employees?
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Do your line managers provide clear and achievable targets? And do they help
employees in achieving them?
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Are the bonus schemes or information about earning potentials clear to all
employees?
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Do you threaten the job security of the employees to improve their
performance?
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Do the line managers notice every employee under them? Are they aware about the
work they are doing? Does any employee feel un-noticed?
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Do your employees want to come to work everyday? In other words, is absenteeism
a problem for you? What actions have you taken to prevent this?
Your answers to these questions will tell you the reasons for high attrition
rates in your company? Think over the answers you have provided and take
corrective measures to retain the employees.
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