Employee turnover is something that every company deals with, it's a natural part of growing. Employees grow out of their positions and into new paths—paths that might no longer be at your company.
Disclaimer: This will happen no matter where you work.
No matter how appealing your company culture is, how attractive your benefits package is, or how much you care about your employees, people are going to leave. It's simply a part of business, and every company goes through their own bouts of turnover.
However, it's how a company deals with it that can make all the difference.
It's about learning from your churned employees and then adjusting your strategies properly. It's about taking measures to ensure that the reason why one employee left, will not be the same reason another leaves. It's about being communicative and honest with the employees still there, and keeping the involved teams/people in the loop the entire time.
Employees will stay with employers they trust, respect, and have a good relationship with. The more open you keep that line of communication, the more likely your employees will come to you with problems and concerns, instead of walking out the door.
While no company can have a 100% retention rate, we can do our best to keep our turnover levels as low as possible and learn from the ones who do leave.
UrbanBound spoke with 11 different companies to get their #1 tip on reducing employee turnover, and everyone had very different ideas and strategies that worked for them. Not every strategy will work for you or fit the culture you're trying to create, but by trying a variety of things, you might just find success with one!
Check out our eBook below to find out what 11 companies had to say about their #1 way to reduce turnover: