Contrary to what many entrepreneurs believe, the best employees are the most critical assets of a company. Business owners should always protect the people working hard toward the corporate vision. Remember that, once the employees resign, that’s time, money, and skill down the drain. It can hurt the bottom line and overall business dynamic.
 
Replacing an employee, especially the ones who have been in the company for years, is risky. Aside from spending funds and time again for hiring and training the right candidate, it's not certain if the new hire can meet the standard of the vacant post.
 
Before handling this kind of problem, it is imperative to know the five most common reasons exemplary workers resign. It will help in making sure the company has the right processes to handle any issue that will lead to an employee quitting.
 
Lack of trust in the company
 
It's not only the management that evaluates work performance, but also the employees. Either through formal evaluation such as the 360-degree feedback or informal via observation, employees may find it disconcerting to notice that the company is not meeting their expectations. This often leads to a lack of confidence with the company which results in low employee morale and commitment.
 
Threatened workplace safety
 
That is why it is essential to gain their trust and loyalty by becoming an effective leader and role model. For example is workplace safety. A company that makes sure their employees are safe and free from any harm gains the trust of its people. Thus, a strict hiring process is critical to attracting recruits that follow company policies and safety. For a start, passing a workplace drug testing is mandatory to prevent any work-related injury.
 
Stressful work environment
 
Having constant high-stress levels due to an overwhelming number of tasks is dangerous for employees. When assigning more responsibilities to the best workers, balance it with reasonable compensation to avoid making them feel taken advantage of at work. Alternatively, delegating minor tasks to other workers is also a wise move. It not only allows them the chance to showcase their talents but also lessen the workload of their colleague.
 
Lack of growth opportunities
 
When an employee feels stuck in a position without seeing potential development, they are more inclined to look for it elsewhere. Growth doesn’t necessarily translate into promotion all the time. It can be in the form of training and career development planning too. Also, it’s up to the management to help create a clearly defined scheme for growth and employee development.
 
Poor overall corporate culture
 
The office environment plays a role in retaining good employees. When they don’t feel appreciated and supported by the company or if they don’t get along with colleagues, then they are likely to leave the workplace.
 
Thus, it will help if you foster a safe and supportive corporate environment where employees feel their skills and ideas are heard and valued. Encourage fun, respect, collaboration, open communication, and professionalism throughout the teams. More importantly, look for ways to motivate employees, so they are inspired and excited to work every day.
 
Ineffective management style
 
As they say, employees quit managers, not companies. It is stressful to work with a boss who doesn’t know how to manage people. Micromanagement, lack of support, and bad interpersonal skills are some of the managerial qualities that push an employee to walk out the door and never look back. So make sure managers are able to motivate and take care of the team properly. In this instance, a 360-feedback will help in determining managers that are likely to cause people to quit.
 
With great talent come many employment options. Keep these five reasons in mind to avoid former employees working for the competitors. In the end, it is the company that will reap the benefits of a higher retention rate.