Even highly productive employees, at a certain point, consider turning in their resignations, anticipating a potential job opportunity that comes their way. High employee turnover rates leave organizations wondering about the crucial factors that make their staff quit or at least think about switching to other companies.
Reasons for employee turnover
The pandemic has only worsened the situation of employee turnover. A statement released in a Philippine Statistics Authority report showed that over 50 workers out of every 1000 chose to resign voluntarily.
The question here is why do employees quit? Several reasons can push employees to look for new jobs- the most common ones are higher compensation or career advancement. The reasons however depend on the nature of the workplace and business. Some employees leave the company due to burnout and poor work culture. According to people management platform provider Lattice, employee turnover occurs when employees voluntarily resign owing … Read more