What a wonderful thing if the Great Resignation was great retention, such as in the retention of employees.This is a common scenario currently because of the turmoil in the labor market.

You’re faced with the challenge of replacing a top performer who quits suddenly.In order to find a replacement for their colleague, you ask your remaining team members to shoulder more responsibility.They reach a tipping point at which they start thinking about leaving.The situation is at least likely to have a detrimental effect on employee morale, which can reduce engagement and performance.Thus, now is the time to ensure you are doing everything you can to drive employee retention programs and job satisfaction.

What are the reasons for employee departures?

Interviewing employees about their experiences at your company during the exit process can provide invaluable insight into the employee perspective of your company and assist with improving your employee retention programs.If you interview a departing employee, you’ll likely hear some or all of the following reasons:

• Benefits and salaries are inadequate
• Experiencing overwork and/or undersupport
• Progression is limited
• The balance between work and personal life is essential
• Recognizance lacking
• Tiredness
• Managerial attitude unsatisfactory
• Concerns regarding the direction of the business or its financial health
• Employees are not satisfied with the company’s culture
• Making a change in one’s life
• in order to take advantage of better opportunities

How do retain employees who are satisfied with their jobs?

Although the job market is generally favorable for employers in some industries and regions, candidates with in-demand skills are likely to find new opportunities on the market quickly.During the pandemic, many companies continued to hire, and most that did are growing again.In the event that you feel your company is at risk of losing top employees, you need to take immediate action to reinforce your employee retention plans. Taking deliberate action will help boost employee satisfaction and increase your ability to retain valued workers in the following five areas:

1 – Initial orientation and onboarding

2 – Internships and mentoring

3 – Salary and benefits for employees

4 – Affordability

5 – Access to wellness services