When you have top performers, it’s easy to assume everything is fine. However, you need to be aware of whether they’re truly as happy as you think they are. If you keep losing great employees, you need to find out the sources of the issue and make changes, so your staff remains working with you longer.
Here are six reasons you might be losing your best team members and what you can do to turn it around.
Your Employees Lack Work-Life Balance
Placing too many expectations on one person can easily overload them. Instead, share the workload as evenly as possible among teammates. Make sure your team members have adequate support and time off to make up for the long hours they put in. Allow remote work options and schedule flexibility when possible.
Your Team Members Feel Unappreciated
Make sure your team members know how much you appreciate them. Praise them daily for work well done. Acknowledge specific contributions and achievements to improve morale. Find out what each employee finds most meaningful, such as words of affirmation, public praise during a team meeting, PTO or a cash bonus, and use that as a reward. Consistently show you value their output.
Your Environment Is Uninspiring
Make sure your workspace is clean, comfortable and as pleasant as possible. Because your staff spend much of their time at the office, they need to feel energized and motivated. Add creative artwork to the walls. Keep the refrigerator clean. Place plants all over. Do what it takes to provide motivation.
There’s No Room for Growth
Offer additional challenges, responsibilities and opportunities within your organization. Provide professional development opportunities such as trainings or participation in seminars and conferences.
Your Staff Want More Compensation
Provide your team with competitive compensation. Monitor productivity to offer raises. Provide bonuses for completing big projects on time. Ensure their benefits are in line with those offered by similar companies.
You Don’t Communicate
Employees are more likely to trust you when you follow through on what you say you’ll do. Provide regular feedback on work performance so staff know what they’re doing well at and where they can improve. Be honest about whether you can give someone a promotion or make another significant event happen. If you can’t, be transparent with the reasons. If you can, keep everyone updated on your progress.
Retain Top Employees
Find out why your top employees are leaving so you can do something about it. Perhaps they need more work-life balance, increased compensation or to feel valued. Listening to their needs and making changes will result in greater company loyalty and less turnover.