By: Natasha Archary
Your company is sinking! Do you jump ship or ride out the storm?
Most people would have found themselves in this situation, particularly during the Covid-19 pandemic.
One day you’re secure in your line of work and your company is turning a profit and then suddenly things change and your job security is on the line.
Week by week, you hear that another colleague is leaving the company to move on to greener pastures and this makes you question your future if you choose to stay.
Some employees become disengaged from their work because of the unstable environment and may quiet-quit or grumpy-stay because they don’t have any other options lined up.
While grumpy staying can be broken down as employees who are unhappy but staying because they don’t have any other option at the moment, quiet quitting is the subtle withdrawal from the responsibilities and ambitions in one’s role.
A high staff turnover, which refers to the number of employees who leave, is often a sign that the company is sinking, or it could be an indication of poor management and growth opportunities.
Employee turnover is costly and can affect a business negatively because replacing employees who leave can often take time.
Unhappy employees are more likely to leave and seek employment elsewhere if the company fails to address concerns or if there’s uncertainty in the market.
Some factors that contribute to a high staff turnover:
- Job dissatisfaction
- Toxic work environment
- Lack of work-life balance
- Poor management and leadership
- Limited opportunities for growth and development
- Personal circumstances
- Cultural or organisational mismatch
- Uncertain job market
Listen to the conversation on Drive 959:
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