Employee Turnover
Employee turnover is the number of employees that leave an organisation. This can be due to several reasons.
Every organisation worries about high employee turnover. When an employee leaves an organisation, it is a costly and time-consuming period when a company has to begin an interviewing process and then after weeks of analysing CVS and asking countless applicants where they see themselves in five years time, there is the tedious onboarding process and training programmes that follow suit. The average hiring process is 24 days.
Studies show that at any one time, 51% of employees are actively looking for a new job. In the 21st century, people are much more likely to work several different jobs across their careers and switch between companies and departments than previous generations.
There are several reasons for a high employee turnover. Those include a lack of career advancement and development opportunities and a lack of training. These can be improved by a better hiring and onboarding procedure and by establishing a training management plan.
When a new hire starts in an organisation, the onboarding process is an important step. A poor onboarding experience will lead to frustrated employees and this may influence their productivity.
A new hire may have to get to grips with new software, but an employee showing a new hire how to use a system may fly through the system and confuse the new hire. This can lead to a new hire starting their experience within an organisation negatively.
Switching onboarding to an online platform where new hires can train at their own pace is much more effective and they start within an organisation more positively, which in turn means that they will be less likely to leave the company.
Training should not stop with lower levels of an organisational hierarchy. Management should partake in training on how to lead and manage teams effectively. Poor direction can be another reason why employees leave adding to a higher employee turnover. Training that allows senior management how best to deal with conflict and other issues which may arise within the working environment will lead to a much more positive workforce and organisation culture.
It is also a good idea to train management on how to identify reasons behind a high employee turnover to help them develop strategies and procedures in place to reduce the number of employees leaving an organisation.
If you would like to find out more about training on how to reduce employee turnover or how to develop training programmes to retain staff please contact us using the below form.