In: Economics
Regarding Human Resources Management
What are some of the major causes of job dissatisfaction and turnover at your organization?
What specific actions can be taken to reduce turnover and improve morals and job satisfaction?
Must be 250 words
Please make copy paste available
If a person does not think he or she is paying enough to do his or her work, then they feel underpaid. If they investigate the wages for that job and find that they are actually underpaid then their dissatisfaction is justified. From the perspective of a company, this is a valuable and important issue because most likely individuals who are dissatisfied with the money they make will leave the organization for the work they do.
Not having the chance to climb the ladder and grow the career is another area that can foster unhappiness with a position. It is important to note that not everyone wants to push the ladder upwards for this reason. This may mean that the employee may leave for another organization which may have better career growth opportunities. The reason workers are dissatisfied is a lack of interest in work. Some of the workers tend to perform exciting and demanding work duties. Monotonous job creates a fatigue on an employee. Bored-and unchallenged workers feel no reason to be worried with efficiency in the workplace.
Within an company the management team plays an significant role. Managers are responsible for empowering the workers inside the company, preparing, coordinating and managing. Bad management is a primary reason why workers perform badly in the workplace. Managers with poor leadership skills appear to give no input on the results of the workers. Not having the necessary leadership is another explanation for unhappiness. People want to be led. They want to work with people who inspire them and have a vision.
One of the best ways of improving the overall retention rate is to improve the hiring strategies for the company. Employers should look for prospective candidates who not only have the required skill sets but also fit the company well. Employers should establish a clear employer brand that suits the culture of the business and recognize candidates who "fit" well within that culture.
Employees also find compensation to be one of the most significant variables in job searches. Today's workers also place significant importance on special incentives and benefits, including unusual ones, such as gym memberships, work-from-home opportunities, and flexible work hours. Therefore, constant reassessment of your pay and benefits package will help you not only retain high-performance employees, but also reduce employee turnover.
It's just the first step to recruit and hire the right employees. Good on-boarding is correlated with increased employee engagement, quicker time-to-productivity levels and better assimilation of new hires. Establishing an effective onboarding system, or even implementing a specialized onboarding software employee, makes it easy to develop a comprehensive new onboarding hire process that can increase commitment and retention.