Employee attrition, or reduction in staff is the most common issue that most companies face. And this lecture, you'll know about the top reasons for employee attrition. As a manager or a business owner, it's essential to know the reasons why employees quit or leave the job. Once you know the reasons, you'll be able to handle the issues well, and reduce the rate of employee attrition. So let's take a look at the top reasons. The number one reason is that most employees feel that they are underpaid.
They feel that they are not paid according to their skill, experience or their level of knowledge. employees could also feel that they are not being paid according to the efforts that they are putting in the job. low salary or wage is the first major reason that leads to reduction in stuff. This is a very common phenomenon in the cities or countries where manpower is high, but jobs are less. An example is India. The second reason is missing work life balance.
There are just a few nine to five jobs left in today's world. Most of the jobs have become 99 or even nine to 12 jobs. Companies demand more time for employees and sometimes they don't even compensate them for such overtime. This is one of the major reason of employee attrition because employees feel that they have to work more and live less. Next up is work environment. Many employees feel insulted and disrespected.
Workplace. Sometimes the environment at a workplace is not healthy, and many employees are unable to adjust to this. In some cases, the company would be great and it would offer healthy work environment but proper infrastructure and facilities. But the teammates or the seniors won't be good or it could be vice versa. In such a situation, most employees quit their jobs. Next reason is no carrier group.
Employees want to grow in their carrier and have better opportunities. No one would prefer to be stuck at one position for years. But most jobs do not offer the opportunity to grow. And employees leave the organization to find a better opportunity that would offer a boost in their carrier. The next reason is unsupportive boss or manager. For some people, this is the biggest reason of leaving an organization.
Either their boss is rude or unsupportive, or he discourages them. Not getting along with the boss or manager is a reason which makes the employee leave an organization without giving second thoughts. Apart from these five reasons, there are other reasons to move on to the next lecture and he'll find them