Enhancing Staff Retention
Multiple studies have shown that the top reason people quit their job is dissatisfaction with their boss. The latest Gallup State of the American Workplace Report finds that only 23 percent of employees agree that their manager provides meaningful feedback and only 3 in 10 say that someone at work encourages their development. Another study found that only 40 percent of employees have a high level of trust in their management and organization.
Many factors lead to high staff retention, and nearly all of them are directly related to a leader’s actions and behaviors. How is your business doing on staff retention/turnover? What steps could you take to strengthen leadership capacities to inspire and motivate employees and reduce staff turnover? As a leader, you have an extraordinary opportunity to make a difference in people’s lives. Don’t underestimate your impact!
For more on this topic, please check out the latest Growing Leadership column in the New Hampshire Business Review: “Measuring Effective Leadership: You Can Start by Assessing Staff Retention and Turnover” https://www.nhbr.com/October-26-2018/Measuring-effective-leadership/