If you hesitate when answering that question, it may be time to give it some thought. Having a high turnover rate means that there are problems with the company culture. The last thing you want to do is spend your time recruiting, hiring, and training, only to see those people walk right out the door.
The Final Whistle
So why is it, exactly, that an employee leaves a company? Some of the top reasons that employees report for leaving a company are:
1. They don't have any friends at their office. This is a big one, because nobody wants to spend 40-plus hours per week at a place where they are surrounded by people that don't think like them or that they don't like. Talk about having anxiety on the way to work!
2. They don't like the boss for whom they work. Sorry, I know that may bruise some egos, but it is the truth.
3. And if you want to know what the distant third reason is, it is because the pay just isn't good enough. This is an issue that may or may not be something you can address, but it can impact the company culture if people feel woefully underpaid or find out the pay of those around them (and feel it is unfair).
Creating Comfort
It goes without saying that if you want to have a great place to work, you need to build a common culture in your company. What this means is that people need to share similar values, energy, and attitude. By doing so, this will automatically engender friendships. Plus, you need to be a great boss – someone who is loyal, trusting and fair to all employees.
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