Employee turnover is a chronic disturbance that the HR department is exposed to. The recent times have witnessed a steep increment in the employee turnover. The article analyses the causes of the rising employee dissatisfaction and hence the turnover.
A November 2003 survey by Career Builder, a leading job-search Web site, found that nearly one in every four workers are now dissatisfied with their jobs, a 20% increase over 2001 levels, with some six out of ten workers planning to leave their current employer for other pursuits within the next two years. A similar survey by the Society for Human Resource Professionals revealed that more than eight out of ten workers intend to look for a new job when the economy heats up. A recent Ernst & Young survey calculated that the cost of replacing a high-level employee might be as much as 150% of that departing employee's salary. As an employer, there is good reason to be concerned about findings like these and matters could become worse very quickly in future. While the economy continues to bounce back, existing workers will find job-hopping an increasingly viable option and if predictions of widespread worker shortages by the latter half of the decade come true, these conditions will only be worsened.
Primarily, it's important to understand why there is attrition of employees at all. For organizations it is important to know whether their employees are dissatisfied or are there any other reasons for leaving the job. Before taking any sudden action it is always wise to investigate into the root cause of the issue. Many a time, this can be known by conducting a survey amongst the employees. However, some of the probable reasons can be like:
Employees who are placed in jobs that are too difficult for them or whose skills are underutilized may become disheartened and quit. Inadequate information about skill requirements that are needed to perform a job may result in the hiring of either under-skilled or over-qualified workers. The requirements of a specific job should be carefully studied for the required skills, and workers should be tested for the requisite qualifications. A good job analysis and job description would help in overcoming this problem.
|
