Should You Care About Employee Turnover Rate? | Think Daily for Business

[@tylerkoehler176]

Low wage, long hour, poor managers are the main reason for high turnover

[@roche88]

SOOOO true

[@Jartza82]

if you want to keep good employees pay them higher sallery and give them perks, kick narcisistic bully workers out

[@MKrealife]

I approve this message! 👏

[@trevorsebastian1341]

The best way to get a big raise is to quit your job and get a new one. Raises are pathetically low in the US. Companies will pay new employees 3 dollars more an hour while they’re still paying a low wage to the long time employees (compression pay). It’s dumb af

[@MikosMiko]

Would love to watch the full video and part that dives into reasons for high turnover

[@njekwaamusaa395]

Great Presentation. I've worked in Companies with high turnover and I 100% agree with you. Those companies are less profitable and tend to be very unstable.

[@user-lu6yg3vk9z]

But, yet these companies know this , but never change it. Remember if they know it is a problem and never fix it then that means they are fine with the high turnover rate. These companies are just greedy.

[@thepsychicspoon5984]

@@user-lu6yg3vk9z Yes, they are only concerned with the short term. Then when the problems come back to bite them, they will just have a scapegoat to pin it on.

[@robbyrob8349]

A high turnover rate in a work place means that: 1) The company doesn't live up to the employee's expectations like it says. 2) Lies to it's employees about opportunities to advance. 3) No benefits 4) Bad bosses 5) Employee discrimination 6) Favoritism 7) Putting you all by yourself on a 10 man job. 8) Unsafe working environment. 9) No job security. 10) Not getting paid for your work. 11) Hours missing from your paycheck. 12) Lying to you about not working on the days that you worked.

[@senantiasa]

I'd like to add to add one thing: company wisdom. When I came into my company, I met the person who I replaced on his last day at the company and he gave me the access to all the servers in the office. It turns out that my position was held by 3 people before me, so 2-3 other new people were also hired in the next few weeks after me to replace the 3 that had left. I can't tell you how much knowledge was lost after they all left. So much of our time was trying to decipher why things are the way they are. We had no seniors to consult with (except for our bosses, but they didn't know every single thing our predecessors did). It was a lot of guesswork and trying things out and hunting around the office for lost information that was not handed down to us. In a few cases, I had to backtrack and fix the things that I didn't do properly in the last 1 or 2 years. Even after three years of working here, there are still a few bits of long-lost company wisdom (not a lot) from time to time that I discover and enthusiastically share with my colleagues and my bosses. Now, three years later, I'm leaving the company to start my own business and that thing is happening all over again. By coincidence, me and my co-worker gave in our one month's notice a few days apart from each other. When my boss asked him, "Did you know that kaluq (me) is leaving?", he said "Yes, I'm following suit." My boss responded "Ugh headache, headache..." Another co-worker will also be giving his one month's notice as soon as one of the companies he had interviewed with signs a contract with him. I hope that things will not as bad as before for my successors, because I have been leaving a lot of notes behind (as descriptive and as sensical as I can).

[@johnvingno5141]

How about offering better pay more hours and better treatment and incentives. Then maybe you'll start to see a huge change.

[@thepsychicspoon5984]

How about we solve the problem of 'we need better management' first. Then higher pay, hours, etc. will come naturally with that.

[@alvarezgamers]

I’ve been at my job for 1 1/2 years. Since that time we had 10 people leave or transfer to another department. The issue here is not the job. Fairly easy gig, healthcare case manager at insurance company. The real issue is a micro manager who has zero people skills and treats experience employees like children. As I count on my fingers only 4 people are the same since I first started. Everyone else’s is new. Mind blown that nothing has been done about this.