Examining The Causes of Employee Turnover

Jan 29, 2017 6:26:51 PM / by Saumya Bhatnagar

Examining Employee Turnover

How InvolveSoft Can Help

Turnover hurts business. Recruiting and training is expensive and the loss of experienced staff can impact business for months.  All too often the employees who leave are the ones the business really wants to keep. The causes of employee turnover range from financial to situational to cultural.

  • Financial turnover revolves around pay.
  • Situational turnover revolves around career progression and family moves.
  • Cultural turnover is harder to pin down.

Let’s dissect some of the reasons for cultural turnover. 

Do your employees feel a sense of purpose?

Many employees want to be connected to a greater purpose, beyond just working for their employer This is particularly the case with millennial employees. One of the best ways to foster a sense of greater purpose is through corporate social responsibility (CSR) programs. InvolveSoft is a leading CSR platform with large corporations, like Essilor, an international optics company with over 8,000 staff in their American business segment, seeking our improved top down communications tools to align their company mission to employee desires.

Are your employees having fun?

One of the simplest ways to make your employees happy is to bring fun into the workplace. Of all the causes of employee turnover, this may be the most elusive. People get so focused on achieving company financial goals that they forget to take a moment and enjoy being part of a team. Companies that sponsor group events during business hours find that such events are powerful team-building activities. Involve makes it easy for companies to find amazing group opportunities and seamlessly book them or create their own events to align employees with the company's values. In the end, employees are left with positive memories and stronger bonds with their colleagues and company.

If you are ready to tackle the causes of employee turnover and build your workplace culture, take a moment to check out InvolveSoft’s ask for Demo today!

 

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Topics: Reducing Employee Turnover, Employee Retention, improved communication, alignment

Saumya Bhatnagar

Written by Saumya Bhatnagar

Saumya is InvolveSoft's CTO and a serial entrepreneur. Passionate about helping #womenintech, Saumya helps drive the direction and culture of the company.