The key things increasing staff turnover in the workplace

Staff turnover is something that all businesses have to deal with, especially in the data and analytics industry, and there are a lot of factors to consider. Things such as lack of training, lack of company culture and wanting to change careers can all lead to staff going elsewhere. Experts have now revealed six key things that could lead to high staff turnover in the workplace. 

1. Lack of growth opportunities - One of the main reasons people leave a company is due to a lack of growth opportunities. If someone feels as though their hard work and commitment aren’t being recognised, they are likely to seek a role elsewhere. This is why companies need to look at their current data and analytics departments and offer promotions to existing employees, rather than always hiring externally. Not only does this create more opportunities for employee growth, but it’s also cost-effective and less time-consuming. Another way to provide growth opportunities and is essential in the data and analytics sector is to encourage training, education and courses and to ensure that employees have access to the latest tech stack.

2. Lack of employee feedback - A lot of employers underestimate the importance of giving employee feedback, even though it can significantly reduce staff turnover. Regular feedback shows staff that you value their work and are recognising their achievements. Plus, constructive criticism can help them to succeed in the workplace. It’s also a good opportunity for you to offer guidance on their goals, ambitions and career aspirations.

3. Lack of flexible working – This is one of the most important factors for many employees considering whether they look elsewhere for a new position since the pandemic. Most companies now offer remote working options, and they might go elsewhere if this flexibility is not offered to them. It can help with childcare, with commuting costs and with family life. By implementing flexible working options, you are showing employees that you value their desire for a good work/life balance. You can start to add flexible working options into the workplace by giving employees the freedom to choose when they start and finish, or by allowing hybrid working.

4. Micromanagement - Micromanagement can drive employees away, by making them feel as though they are not trusted to handle tasks on their own. It can also hinder productivity and success by leading to employee burnout, stress and worry. If you are micromanaging employees, you are likely to find that they seek out a more supportive workplace environment elsewhere. It can be difficult to take a step back and stop micromanaging employees, but it’s vital to making them feel valued and trusted.

5. Feeling overworked - Though the majority of employees expect to have additional responsibilities every so often, this can quickly turn into feeling overworked. It’s important to avoid overworking employees, as this can lead to burnout and stress. Employees that are struggling to keep on top of their workload might search for another role that offers a better balance. There is a fine line between giving people enough work to contribute to the company’s success, and giving them an amount that causes stress and worry.

6. Feeling unappreciated - It’s important to create a workplace culture where employees feel valued and appreciated. They should feel as though they are contributing to the company’s success, mission and vision on the whole. Otherwise, they might begin to lack motivation and consider looking for a role that feels more rewarding.

Though staff turnover on some level should be expected, understanding your employees is key to retaining top talent. Think about their concerns and needs in the workplace, and communicate regularly with them. They should feel as though their hard work is having a positive impact. 

We are in constant communication with the top data and analytics talent in the industry and we have valuable insight into the key factors for people looking to leave a company and find a new role, if you are struggling to retain your staff and attract new talent to your business reach out to one of our specialist consultants to talk through how we can help with your talent attraction strategy.