There’s no magic elixir to the problem of turnover, shares Michelle Gouldsberry. It requires understanding your employees and designing programs that meet their needs.
Betterworks research found that employees are almost three times as likely to be running from companies to get away from their old job (72 percent) as they are heading toward new companies for exciting new opportunities (28 percent).
Source: betterworks, May 20, 2022. Link. Losing employees also means losing institutional knowledge and any resources you’ve invested in their training and development. You might also take a hit in morale for employees left behind.
Insufficient or ineffective communication is usually the root cause of turnover and disengagement.”