Employees look to stay in their current company for a long period of time but that has changed over the years. Companies are seeing employees stay for an average of 3 to 5 years before moving to another area or another company, or even industry altogether. However, lately, according to Marketwach, each year several new employees become grumpy within months of their employment.
Marketwach explains how disgruntled employees express the negative experiences from their former companies. Ultimately, managers and CEOs are looking at employee turnover rate. Turnover rate is a measure of employees leaving the company for a certain period of time. These employees leave for various reasons and some have even stated that the companies they previously worked for is the cause for their leaving. So how do employers reduce their company's turn over rate? Simply by treating them like people.
First, focus on matching the employees or new hire's interests and strengths to particular job roles. They will become effective and feel they have a purpose when treated that way. Next, learn that group dynamics matter. Younger new hires thrive in cliques. While it is a stereotypical nature, it is happening.
New employees value that sense of control. Managers can offer that impression of personal control. Even a small anonymous suggestion box matters. Managers should also praise employees when they're doing great or just simply reminding them that their work is essential to the company.
It also pays to stay engaged with them. Having positive interactions can be useful not only for job satisfaction but organizational direction.
Lastly, don't forget to offer gratitude. However busy everyone may be, a simple "Thank you" goes a long way.
These small but effective tips are crucial to the current generation of young employees. They look at purpose and work-life balance as their reason for staying with a company longer.
