The age-old question that many managers face is this: why good employees quit. Studies have found that half of working adults are frustrated by their jobs. The reasons why good employees quit vary, from low remuneration to boring work to a deplorable work-life balance. Even if only a fifth of the best and brightest on your payroll felt this way, that’s too much. Why? Because companies risk losing them to a competitor or to another industry, which means the bottom line will take a hit.
Isn’t it time that the good workers were appreciated over the bad ones? (Yes, there are plenty of horror stories of management promoting and lavishing praise on the least competent worker because he was cool or she was beautiful – or vice versa.)
Times need to change. Here are the top 10 most common reasons why good employees quit:
Reason #1: Unchallenging Work for Employees
As you get older, you begin to realize that every job inevitably becomes routine. It doesn’t matter if you’re a cashier, an astronaut, or an attorney, you job will soon morph into a daily monotony that goes unchallenged – and when you’re unchallenged, you are dissatisfied with your career growth.
While many of us work for our employers for a paycheque, we still would like our day-to-day tasks challenge our intellect, our talents, and our skills. Otherwise, you will turn into a zombie pushing so many papers.
Reason #2: Better Job Opportunities Elsewhere
Vandelay Industries is looking for professionals to fill a position similar to yours. However, there are plenty more opportunities: competitive pay, better benefits, room for growth, travel, and a chance to be part of a business who has its finger on the pulse of society. A great job opportunity is one of the most common reasons why good employees quit.
Every employee wishes they were a part of such a company. Well, if you come across a job advertisement or you are approached by a headhunter, then be sure to at least learn more.
Reason #3: Career Stagnancy
You have been with the same company for 13 years. You have the same job title, the same desk, the same tasks, and even the same paycheck.
Simply put, your career is stagnant – you’re stuck on a treadmill and you’re not moving forward.
This is something you never expected would happen. When you were getting your degree in Medieval poetry, you thought you’d be traveling across Europe, uncovering old texts, and meeting interesting people. Well, the reality has been quite different – you aren’t even specializing in your degree, instead choosing to edit romance novels.
Reason #4: A Lack of Competitive Pay
Let’s be candid: we all want to get paid what we think we’re worth, not what businesses are willing to pay in this market. As time goes by, you start to get irritated by how little you are compensated for your work, your experience, and even your loyalty to the firm. You are never late, you do your work, and you are dedicated to role. Yet, you only receive a tiny raise ever couple of years or so.
What’s the use of staying if you’re not getting higher pay? Indeed, if the business across the street is remunerating workers at a higher rate than your present employer, then what’s the incentive to stay?
Reason #5: Poor Employee Morale
Here is a fact: employee morale is at an all-time low. And, yes, there are plenty of reasons for this, from a work-life imbalance to improper treatment by your present employer. Businesses do have the resources to tackle this growing problem, but they may choose to let it linger. That doesn’t mean you need to sit there and take it.
If you feel drained at the end of the day, and you dread going to bed because that means you’ll wake up to get ready for work, then perhaps it is time to move on. Poor employee morale is a very common reason why good employees quit.
Reason #6: Writing on the Wall
The industry is changing, the company is failing to adapt, and the firm’s finances are deep in the red. In other words, the writing is on the wall, and it is only a matter of time before it restructures, files for bankruptcy protection, or shuts its doors. But you won’t be there when it happens because you have taken pre-emptive action and submitted your letter of resignation and sought employment elsewhere.
Reason #7: Corporate Culture
Long hours, workplace bullying, a lack of respect for employees, and weird rituals during annual summer retreats. Sometimes, it isn’t the job or the industry, but the makeup and culture of the company. It might be the company’s treatment of the environment or it could the firm’s indifference to the community.
Whatever the case, how the business is managed could be one of the reasons why good employees quit and leave. As a countermeasure, taking a predictive assessment test before hiring could identify whether a potential recruit is a good way to determine corporate fit.
Reason #8: Disappointing HR Decisions
For years, you have seen so many inept workers getting promoted that it has eaten away your soul, turning you into a bitter and disgruntled worker. For far too long, someone who has come in 20 minutes late every day, missed several days of work in a quarter, and complained about every minutiae of the job has been given an excellent new position – with keys to the executive washroom as well!
Why stay if this is how the human resources department rewards the incompetent and punishes the competent?
Reason #9: Zero Independence for Employees
Micromanagement can be infuriating. It oftentimes leaves you asking: Why was I hired in the first place?
At first, it’s a part of the job, but as time goes by, this paucity of independence can leave you feeling frustrated. You’re so frustrated that you want to work for someone else who trusts you to be left alone to do your work. We know what we’re doing, so why can’t some employers entrust you with some type of autonomy?
Reason #10: Job Meaning
The new generation of workers values meaning over a paycheque, perpetual employment, and a gold watch at retirement. They want to be part of something unique, something big. If they are not contributing to mankind, then what is the point of their professional existence? That is how millennials and perhaps even Generation Z views their career endeavours.
And this is how some enterprises are poaching the best and brightest: giving them an opportunity to make a dent on the world.
You don’t know what you have until it’s gone. This wise adage can be attributed to businesses that did not realize how many great workers they had until they jumped ship and went to rival firms that appreciated their workforce.
It is time for employers to stop taking their great employees for granted. Otherwise, these workers, many of whom get the job done with little complaint, will submit their resignation letters and find employment elsewhere.