“People leave managers, not companies.”   We have all heard this famous quote hundreds of times, but the reality of what it means is a hard pill to swallow.  

An interesting survey conducted by iTalent, which researched exactly why employees leave, revealed the cold facts. The survey results clearly show that an employee's immediate boss is the predominant reason for departure, followed by compensation, environment, and growth.

Why Should You Care About Turnover? 



1. Employee turnover can cost your business big time. Not only are there costs associated with hiring, training and onboarding a replacement, but the loss in productivity during this time can impact your bottom line considerably and cause damage to the business.

2. High employee turnover can highlight much more significant problems that, when addressed, could improve your business over the long term.

What Can You Do About It? 



1. Measure It. Firstly, you need to measure turnover as a core KPI in the business. Set a target and track it, just like you would any other key metric.

2. Exit Interviews. Always take the time to meet with resigned employees and ask them tough questions to understand their reasons. Record the feedback and group this against the categories outlined in the pie chart above. 3. Trends. Look for the trends over time in terms of why employees are leaving.

3. Make Changes. Measuring turnover and tracking the reasons is the easy bit. If you find common reasons that can be addressed, make it a business priority to make the change. Read the full article here: iTalent Survey

Cheers

Simon Ingleson

CEO/Founder @ RosterElf

Magically Simple Staff Rostering

Have Questions?

We Have The Answers!

Why is employee turnover costly for businesses?

High turnover costs include hiring, training, and onboarding new staff, alongside productivity losses, which can significantly impact the business.

What is the main reason employees leave their jobs?

According to an iTalent survey, the primary reason employees leave is due to their immediate boss, followed by compensation, environment, and growth opportunities.

How can businesses track employee turnover effectively?

Businesses should measure turnover as a core KPI, set targets, and track it like other key metrics to understand and manage employee departures.

Why are exit interviews important?

Exit interviews help understand why employees leave, providing valuable feedback to identify common issues and improve the workplace environment.

Important Notice

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