#8 – Is your company turnover too high?
Employees usually don’t leave companies: they leave managers. Success magazine reports that the No. 1 reason people quit their jobs is because they feel unappreciated.
If you and your employees are not communicating well, one of you (if not both of you) will become very frustrated. When arguments, disagreements or even lack of understanding of job requirements issues arise the employee is almost always the one that leaves.
In the November 2015 issue of Success magazine, they cite a figure that it can cost a company 6-15 times the employee’s salary to replace him or her.
Employee evaluations, when done correctly, are the best time to make sure your employees are on the same page (attempting to accomplish the same goals) as their managers. During the evaluation, you can celebrate the employee’s successes and lay out plans to improve those areas that have not hit goals.
When employees see and hear that their managers are serious about helping them to accomplish their goals, they feel appreciated. The last thing they want to do is leave a situation where they feel that they and their work are being valued by their boss.