Turnover is something that every employer deals with to a certain degree, but did you know that it is quite harmful if not controlled? It can be easily avoided in many cases, but you need to know what your employees care about and how they regard their company. Here are three critical tips to help you reduce unnecessary employee turnover quickly and effectively.
Take Steps to Understand Your Turnover
Recent studies have shown that there are several factors in what can make an employee stay with a company or decide to leave. Many engineers will leave a position when they feel that they are no longer competitively compensated for their work. It’s also been shown that a lack of a clear career path or job flexibility can lead to higher turnover rates. While many employers have the best of intentions when it comes to hiring an employee, sometimes the opportunities for growth within a particular position are limited, leading to a steady stream of new employees within the same position. As an employer concerned with the turnover rates of your engineers, you need to understand where the disconnect is between your expectations and those of your employees. This will help you better understand why you are having difficulty keeping your engineers for the long haul.
Focus on Training
Providing training opportunities to your engineers may have some upfront costs at first. Still, companies should consider this to be a long term investment in their employees, their product, and their corporate culture. Many highly-skilled engineers in the current market are frustrated that they are not offered chances to grow and learn on the job. This can inevitably lead to higher turnover rates and financial losses for both the employee and the employer. It is far better to identify the employees who are most likely to succeed given the right opportunities, challenges, and support, and then provide those learning opportunities. Your engineers will appreciate the respect and confidence you have in them and rise to the challenge, given a chance to shine.
Evaluate Your Management Style
Engineers, in particular, are highly skilled professionals who have undergone years of education and training to build the skills and develop the knowledge needed to earn the title. Some employers make the mistake of lumping their engineers in with other skilled workers when the management style that succeeds best with this type of worker might require a different approach. If you find yourself micromanaging or arguing with your engineers too often, chances are you will also struggle with high turnover rates. Make sure that when you are managing your engineers, you approach the situation from a position of trust, high-level leadership, and listening. Poor management can lead to loss of respect and reduced morale on behalf of your engineering team. These negative aspects of corporate culture will inevitably lead to higher turnover, so think very carefully about how you are helping your team accomplish their tasks and what resources you can provide to set them up for success.
Connect with Our Recruiting Team
For more advice on recruiting and retaining a winning engineering staff, connect with our recruiting team today.