You have a tremendous amount of control over the morale, motivation, and retention of your team.
Starting appreciating your employees or else I will find them someone would.
Did you know many studies show over 70% of workers quit their jobs because of their bosses and not the company they work for? Many studies also say that over 50% of employees would turn down a 10% raise to stay with a great boss.
During the Great Resignation, people, especially in the IT industry, who stay are paying a loyalty tax. They can simply get a 20–40% increment by joining another company because of a shortage of talents.
Bad bosses are the no. 1 cause of unhappiness at work. When employees feel disconnected, undervalued, and unappreciated, it doesn’t take long for them to plan their exit and start looking for another job that will recognize their contributions.
Employees commonly leave managers who have either these 3 qualities (or more than 1).
1. King Kong
Some managers immediately forget where they came from when they reach the top. This type of manager possesses a superiority complex and likes to draw the line between management and staff.
2. Superman
They think the organizations revolves around them. Some behave like they are the owners of the company. They also often ignore feedback and take away the credits.
3. The Micromanager
I believe I don’t have to explain much about this.
Loyalty is a two-way street. If you want employee loyalty, you must first give it. Employees devote half of their lives to their jobs. They are not asking for much. Employees want to work in an environment where they are valued.
Sometimes it’s the little things that matter the most. Respect and empathy can go a long way. All the money, perks, and team-building exercises will not retain employees if you treat them poorly. If your company has high employee turnover, maybe it’s time to look in the mirror.
I have seen too many exceptional employees become disheartened, stop caring, and just go through the motions until they find another job. Your employees are your most valuable assets, not expenses. They’re the heart of the company. And if the heart stops beating, what will happen?
