In the book The 7 Hidden Reasons Employees Leave by Leigh Branham published by the American Management Association, NY, 2012, Mr. Branham outlines the reasons why people leave. based on what over 20,000 people who were asked by their companies said. In terms of management, by having better management or good management which translate into low w turnover, no matter the industry and sector, the company saves money. If it has a high turnover, it wastes both money and people.

Reason 7 Loss of Trust and Confidence in Senior Leaders

Most employees are not senior ones, but senior employees make policies for the workplace. Everyone has 3 questions when it comes to senior leaders.

1. Will these leaders steer the ship to success? Regardless of the situation, talented employees want to know whether they have hitched their wagons to a star that is brighter or burning out.
2. Can I trust them to do what they say? Do senior leaders back up their words with action?
3. Do they have trust and confidence in me?

Possible solutions

Inspire confidence in a clear vision, a workable plan, and the competence to achieve it

Back up words with actions

Demonstrate trust and confidence in your workforce

Linking to dividend paying stocks, the purpose of writing about the reasons for turnover is for you to consider it as one of the metrics when evaluating companies.  The reality is the baby boom generation is and will be retiring and there are fewer people to take those jobs. It is possible to see job shortages in places, but in a couple of years, there will a shortage of people to do jobs and companies will have to pay more to keep those people. One of the important numbers you want to know is what is employee turnover in the company? Can the company save money by having less turnover? Does the company support coaching? There is still is time to change but as more people retire, the window of opportunity to change is running out.

There are more questions than answers, till the next time – to raising questions.