Is Your Employee Turnover Too High?

Change is a natural part of any business model, but when employees are constantly cycling through a business, it can be hard to maintain an efficient and profitable company. Keeping employee turnover rates low is a crucial aspect to designing a highly productive and successful company that benefits both the customers and internal profits. 

Exploring the Top Reasons for High Employee Turnover

There are a multitude of factors that can influence turnover rates, some of which are out of the control of the business. However, by understanding the key reasons employees are leaving your company, you can restructure your business in a way that fosters employee growth and loyalty. Here are some of the most common reasons employees leave a job prematurely.

1. They desire higher pay or better benefits. Pay and benefits are the number one factor that keep employees with a business, so offering competitive salaries and benefits packages is crucial to keeping turnover low.
2. They aren’t engaged in their work. Engagement is a crucial factor in job satisfaction. Employees need to feel engaged in order to have the motivation to continually show up day after day. When work feels boring, repetitive, or unfulfilling, employee turnover rates soar.
3. The management is struggling. The stress of employees rises when the management of the business is suffering. Employees need to have all of the tools and training at their disposal that is necessary for them to thrive. If they are constantly battling problems day after day, are unsure of the duties expected of them, or are constantly running out of necessary supplies, their stress level will rise and their job satisfaction will decline.

How to Drive Down Turnover Rates and Create a Better Business

Once you’ve identified the weak spots in your business that are driving employees away, you can begin strategizing solutions to strengthening the workforce and building a loyal team of employees. Here are some key strategies to consider.

1. Create a seamless workflow. One of the most frustrating aspects of work is when employees are unsure of what to do or are constantly facing roadblocks in their path to efficiency. When supplies are constantly running out, the printer is always jammed, the coffee maker is constantly broken, and the Internet is operating at a snail’s pace, an otherwise positive workplace experience can become a total drag. You need to streamline every aspect of the workplace experience, ensuring supplies are always stocked and equipment is working at peak efficiency. Then, all your employees have to focus on is conquering the workload before them.

2. Offer engaging and versatile work. When work becomes dull or menial, employees are quick to leave. Offer each employee a diverse range of roles, rather than loading all of the grunt work onto one miserable staff member.

3.  Create a fun workplace environment. All work and no play makes a job a dreaded chore. Incorporate fun into the workplace by offering a ping-pong table in the break room, taking the employees out for lunch, or hosting workplace parties that foster coworker relationships. 

Find a Supplier That Supports Your Business

Employees are quickly turned away from businesses that are poorly managed. Your suppliers play a crucial role in ensuring your business is always well-stocked and organized. At DollarDays, efficiency and quality are our key aims. We ensure that all orders are shipped out in a timely manner, so your office supplies are always in vast supply, giving your employees one less thing to stress about. Contact us today, and get started!