Regarding turnover, employees leave bad managers, not companies. Right? Not so fast. New research suggests good leadership does not reduce the revenue just because of a good employee leadership. Employees leave because of new opportunities elsewhere. This is according to a new report from the Harvard Business Review (HBR), which took a look more closely at why employees leave and what it means for employee retention strategies.
This article summarizes key takeaways from the report, and how managers and business can take action to retain the best employees.
leadership has no direct impact low turnover
According to the research of HBR, great leadership has many virtues, but it may not help much to reduce turnover staff. Why? One of the benefits of working for a good manager is better external career options
Take Action - Design .. Thoughtfully other retention mechanisms to retain talented employees that good leaders develop
good leaders build strong relationships ancient
with a workforce increasingly mobile, it is common to change jobs - and employers - every few years. According to the report, many employers now have very large populations of former employees
Take Action -. Good leaders help companies actively looking to build and leverage relationships with the former as a strategic district.
Off-board is the key
So how do you create a positive experience with excellent employees who leave the company for opportunities elsewhere? According to research by HBR, off-board is the key
Take Action -. careful design process off boarding that build bridges with employees and build on their positive experiences in society. As the report explains, rather than pure form of exit interviews focused on HR, retention procedures led manager and output must report the value of the employee to the company and look to continue the relationship even if they choose to leave and become old.
Click here to read the full report of HBR.
Conclusion
According to recent research, the employees do not leave companies simply because their managers are bad. Instead, employees leave companies because of greater opportunities elsewhere. Companies can take steps to retain the best employees by designing retention activities to retain the best people, build relationships with alumni, and developing a positive program off-boarding.
What do you think? What are your employee retention strategies to keep the best employees? Leave a question or comment below.
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