Workplace Recognition and Incentive Programs

Reducing Turnover: Employees Say 89% of Managers Are Wrong

Posted on January 21, 2013 by Carl Bonura in Engagement

Is it a surprise that 89% of managers believe employees leave for more money, while 88% of employees actually leave for reasons having to do with the job, the culture, the manager or the work environment according to Leigh Branham author of The 7 Hidden Reasons Employees Leave: How to Recognize the Subtle Signs and Act Before It’s Too Late.

In a Leadership IQ Study, it was found that 46% of new hires fail within the first 18 months and only 19% of them achieve success in their new roles. Only 11% of the new hires left because they lacked the technical skills; the major reasons for turnover are poor communication skills, lack of motivation and cultural misalignment.

Both of these studies support a Gallup Poll that 71% of workers in the United States rate themselves as either “Not Engaged” or “Actively Disengaged” with a major shift by age group.

Turnover can be approached strategically by introducing a targeted job on-boarding process. If you are thinking of the traditional employee on-boarding programs that have been used for the last twenty years, think again.

The fact is that reducing turnover and increasing employee engagement requires the input of compensation specialists with understanding in motivation, reinforcement and performance based theories. Your role contributes significantly to the design of the job on-boarding process or program. The bottom line is when employees are engaged, the company prospers and Human Resources can measure that outcome.

So, the questions become:

  • Do you really understand how people are motivated?
  • Can you motivate someone or do they choose to be motivated?
  • How can you create an environment that fosters motivation?
  • What reinforcement factors contribute to that motivation?
  • Do you understand performance based theories and how to apply them?

If you need help figuring all of this out, please refer to our website and call us for help. We want to be your engagement resource.