It’s an understatement to say that turnover is a big deal right now, even as unemployment hovers near the double digits. Business leaders across the country have either already felt its affects or are gearing up to fight it off as more and more statistics rank the likelihood of widespread employee turnover well above 50%. As with most aspects of life, taking a proactive stance will save you time and money in the long run. Check out these 10 signs of impending turnover:
- An increase in missed deadlines.
- The departure of one or more valued employees.
- A forgotten résumé left on the printer.
- A decrease in passion for the company, team’s goals, or specific responsibilities.
- More negativity and tension felt among the team.
- The slow disappearance of employees’ personal items off their desks.
- A drop in new ideas.
- Employees taking on a negative attitude toward leadership.
- Increased traffic to the voluntary termination pages on your company’s online employee handbook.
- A jump in unplanned absences.
One or two of these instances throughout your team probably isn’t a signal that a mass exodus is about to occur. However, if you notice several of these trends developing within multiple employees, then it would be safe to assume that you need to take some time and review your retention efforts and turnover risks. You should also talk with the employees about your observations and see what’s going on before jumping to conclusions. Even if their actions are a result of something other than plans to leave your business, your attention to their needs and taking the time to communicate will boost morale and engagement. Also, as you consider your company’s current situation, keep in mind that pre-recession, the average turnover rate was 3.3%, while in 2011 the average has been around 14.4%.
What other signs have you noticed that seem to precede an increase in turnover? Share your observations in the comment section below.