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The 7 Hidden Reasons Employees Leave: How to Recognize the Subtle Signs and Act Before It's Too Late PDF

257 Pages·2012·1.07 MB·English
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The 7 Hidden Reasons Employees Leave Second Edition This page intentionally left blank The 7 Hidden Reasons Employees Leave Second Edition How to Recognize the Subtle Signs and Act Before It’s Too Late Leigh Branham American ManagementAssociation NewYork•Atlanta•Brussels•Chicago•MexicoCity•SanFrancisco Shanghai•Tokyo•Toronto•Washington,D.C. Bulkdiscountsavailable.Fordetailsvisit: www.amacombooks.org/go/specialsales Orcontactspecialsales: Phone:800-250-5308 Email:[email protected] ViewalltheAMACOMtitlesat:www.amacombooks.org Thispublicationisdesignedtoprovideaccurateandauthoritativeinformationinregardtothe subjectmattercovered. Itissoldwiththeunderstandingthatthepublisherisnotengagedin renderinglegal,accounting,orotherprofessionalservice. Iflegaladviceorotherexpertassistance isrequired,theservicesofacompetentprofessionalpersonshouldbesought. LibraryofCongressCataloging-in-PublicationData Branham,Leigh. The7hiddenreasonsemployeesleave:howtorecognizethesubtlesignsandactbeforeit’s toolate/LeighBranham.—2nded. p.cm. Includesbibliographicalreferencesandindex. ISBN-13:978-0-8144-1758-4 ISBN-10:0-8144-1758-2 1. Laborturnover.2. Employeeretention.3. Jobsatisfaction. I.Title.II.Title:Sevenhidden reasonsemployeesleave. HF5549.5.T8B72012 658.3'14—dc23 2012005592 ©2012LeighBranham. Allrightsreserved. PrintedintheUnitedStatesofAmerica. Thispublicationmaynotbereproduced,storedinaretrievalsystem,ortransmittedinwhole orinpart,inanyformorbyanymeans,electronic,mechanical,photocopying,recording, orotherwise,withoutthepriorwrittenpermissionofAMACOM,adivisionofAmerican ManagementAssociation,1601Broadway,NewYork,NY10019. Thescanning,uploading,ordistributionofthisbookviatheInternetoranyothermeanswithout theexpresspermissionofthepublisherisillegalandpunishablebylaw.Pleasepurchaseonly authorizedelectroniceditionsofthisworkanddonotparticipateinorencouragepiracyof copyrightedmaterials,electronicallyorotherwise.Yoursupportoftheauthor’srightsisappreciated. AboutAMA AmericanManagementAssociation(www.amanet.org)isaworldleaderintalentdevelopment, ad-vancingtheskillsofindividualstodrivebusinesssuccess.Ourmissionistosupportthegoals ofindividualsandorganizationsthroughacompleterangeofproductsandservices,including classroomandvirtualseminars,webcasts,webinars,podcasts,conferences,corporateand governmentsolutions,businessbooks,andresearch.AMA’sapproachtoimprovingperformance combinesexperientiallearning—learningthroughdoing—withopportunitiesforongoing professionalgrowthateverystepofone’scareerjourney. Printingnumber 10987654321 This book is dedicated to the memory of W. Michael Kelly (1938–2010). Michael was Director of Research at Saratoga Institute when I first inquired about analyzing Saratoga’s database of post-exit research. He welcomed my analysis and became my partner.With a sharp mind and a generous heart,Michael invested countless hours by phone in helpful and challenging conversations,offering new insights by e-mail, and critiquing my drafts chapter by chapter. I am deeply and eternally grateful for his contributions,which live on in this book and my work. I am glad I was able to finally meet Michael and his lovely wife,Carol,just months before he died unexpectedly. This page intentionally left blank C O N T E N T S Foreword xi Chapter 1 WHY CARE ABOUT WHY THEY LEAVE? 1 Why Many Managers Don’t Care 2 Managers Cannot HearWhatWorkersWill Not Speak 3 The Real Costs ofAvoidableTurnover 4 Turnover:Just an Unavoidable“Cost of Doing Business”? 6 Recent History:When theTideTurns,Mindsets Must Change 6 WhatAbout HR’s Role in Exit Interviewing? 9 Chapter 2 HOW THEY DISENGAGE AND QUIT 11 EventsThatTrigger Employee Disengagement 12 The“Last Straw”That Breaks the Employee-Employer Bond 13 TheActive-Seeking Phase of the Departure Process 18 Chapter 3 WHY THEY LEAVE:WHAT THE RESEARCH REVEALS 21 Why Employees SayThey Leave 24 Survey Comments Confirm the Survey Data 25 Have the Reasons for Leaving Changed Since the Great Recession? 27 What the New Data Reveal 29 A Few MoreWordsAbout Pay 33 Respecting the Differences 34 Who Has the Power to MeetThese Needs? 35 The Next Seven Chapters:Hidden Reasons and PracticalAction 35 vii viii Contents Chapter 4 REASON #1:THE JOB OR WORKPLACE WAS NOT AS EXPECTED 38 Hidden Mutual Expectations:The Psychological Contract 41 How to Recognize theWarning Signs of Unmet Expectations: During andAfter the Interview 44 Obstacles to Meeting Mutual Expectations 45 Engagement Practices 1–8:Matching Mutual Expectations 46 How Prospective Employees Can DoTheir Part 51 The Beginning or the End ofTrust 51 Engagement Practice Checklist: Meeting Expectations 51 Chapter 5 REASON #2:THE MISMATCH BETWEEN JOB AND PERSON 53 What’s Missing—A Passion for Matching 55 Recognizing the Signs of Job-Person Mismatch 58 Most Common Obstacles to Preventing and Correcting Job-Person Mismatch 58 Engagement Practices for Matching Job and Person 59 Best Practices forTalent Selection 60 Best Practices for Engaging and Re-EngagingThrough JobTask Assignment 68 Best Practices for Job Enrichment 70 The Employee’s Role in the Matching Process 72 Engagement Practices Checklist: Job-Person Matching 73 Chapter 6 REASON #3:TOO LITTLE COACHING AND FEEDBACK 75 Why Coaching and FeedbackAre Important to Engagement and Retention 77 Why Don’t Managers Provide Coaching and Feedback? 78 Recognizing the Signs 79 MoreThan an Event:It’sAbout the Relationship 80 Engagement Practices for Coaching and Giving Feedback 82 What the Employee Can Do to Get More Feedback and Coaching 94 Engagement Practices Checklist: Coaching and Feedback 96 CONTENTS ix Chapter 7 REASON #4:TOO FEW GROWTH AND ADVANCEMENT OPPORTUNITIES 98 WhatTheyAre Really Saying 100 Employers of Choice Start by Understanding the New Career Realities 102 Recognizing the Signs of Blocked Growth and Career Frustration 104 Best Practices for Creating Growth andAdvancement Opportunities 106 What Employees Can Do to CreateTheir Own Growth and Advancement Opportunities 122 Engagement Practices Checklist: Growth andAdvancement Opportunities 123 Chapter 8 REASON #5: FEELING DEVALUED AND UNRECOGNIZED 126 Why ManagersAre Reluctant to Recognize Employees’Efforts 130 Recognizing the SignsThat Employees Feel Devalued and Unrecognized 131 Pay:The Most Emotional Issue ofAll 132 Pay PracticesThat Engage and Retain 133 What Employees Can Do to Be MoreValued and Better Recognized 152 Engagement Practices Checklist: Feeling Devalued and Unrecognized 153 Chapter 9 REASON #6: STRESS FROM OVERWORK AND WORK-LIFE IMBALANCE 156 How Big a Problem Is Stress? 158 Causes of Increased Stress 159 SignsThatYourWorkers May Be Stressed Out or Overworked 160 Healthy versusToxic Cultures 161 MoreThan Just the RightThing to Do 162 HowThree of the Best Places inAmerica toWork Do It 164 WhatThese Employers Have in Common 166 You’re Not Competing Just with the“Big Boys” 166 What the Employee Can Do to Relieve Stress and Overwork 181 Engagement Practices Checklist: Overwork andWork-Life Imbalance 183

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People are four times more likely to leave a job because of something going on in the office than for an outside opportunity. Yet most managers blame employee turnover on the lure of other companies...even when the real factors are well within their control. Based on research performed by the presti
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