An organization is a kind of social entity that is made up of a group of people, working together to achieve a common goal. And organization or firm is nothing but just a name without its most valuable asset, its employees as the employees are what allows the company to achieve its goals and hit target results. A group of employees will not only form an organization, but they are the ones who give the organization a certain competitive advantage.
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Whether it high tier employees like managers or somewhere lower on the likes of foremen, clerks will give an organization the edge to be able to compete with the other organizations. These employees contain all the necessary skills, behavior, knowledge, capabilities, efficiency and etc that organizations can employ to execute in-depth strategies and move forward with all their goals. An organization won’t be able to achieve anything without its employees, starting from the lowest position to the very top, so it’s a great idea that they are to be retained.
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Employee retention is used to describe a company, firm, or organization’s ability to keep or retain its employees. Employee retention requires certain strategies to follow. This means, companies need good plans and policies in order to keep their employees. As they say the best way to solve a problem is to work on its source, thus, to keep employees an organization should know why they want to leave in the first place.
Reasons why employees leave:
Salary -One of the most apparent reasons why somebody would want to leave an organization is their salary. To earn money is the main reason why people work in the first place. People work to earn some money, that’s why people look for jobs and there will always be the tendency of a person leaving an organization for an organization with better pay for practically the same work or if they feel like they are being too underpaid.
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Low Morale : Motivation is the personal encouragement of an employee to chase goals and achievements. Motivation is needed every now and then to boost morale, this could be in any form be it monetary or not. The fervor to work hard is very important. Motivation provides exactly that.
Improper management: Good management means employees will want to stay. Inefficient managers will only cause employees to leave on a regular basis. Managers don’t need to be strict at all times, there are some situations that requires politeness. Its absolutely necessary for managers to hear the voice of the employees, listen to their problems and help provide a better solution.
The reasons above are just the common reasons as to why employees want to leave I’m sure there are other personal reasons that might drive an employee to leave the organization.
Retaining employees is hard, but its 3 times as expensive to have them replaced so it’s better to keep them.
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