If your top talent isn’t happy, this can be a big issue for your company. If they see an amazing opportunity elsewhere they may be very tempted by it. Whether they seek different leadership, a fresh office environment, to escape the corporate world, or just a better salary – they may find that elsewhere. But why are employees so keen on leaving? Well, here are some reasons why top talent leaves and how to stop it from happening with the best people in your company.
Why Your Best Creative Talent Leaves and How to Keep Them
There are many reasons why top talent may look to leave an organization. If your company is losing some of its top talent, it may be due to internal processes, business leaders, or differing corporate pursuits. Here are some reasons why some employees leave a business and how you can prevent it from happening at yours in the future.
Poor Management
Talented people need exceptional leadership who can see a person’s ability and challenge people’s minds. If not, they may try and find something else. How a manager works directly affects the entire team, the office atmosphere, and how passionate people are about their role.
A good leader will elevate a team to new heights, push employees to produce their best work, and celebrate creative thinking. Poor management may push top employees over the edge, and this can be a deciding factor in whether they want to stay with a company.
Uninspiring leaders are a big reason why so many companies lose incredible talent. In fact, in a study by GoodHire, 82% of Americans said they would potentially leave their job because of a bad manager. Smart companies will hire inspiring managers who lead by example, offer talent initiatives, inspire their workers to produce their best work, celebrate wins, and share losses.
The fact is, bad management may be responsible for many creatives leaving businesses. Even if the work is excellent, it is often only a matter of time until poor management can cause your best employees to gladly accept a new role at a different company.
Since COVID-19, there have been historically high quit rates. This is certainly not all due to poor management, but this may be a contributing factor. So, leaders must be allowed to grow their management skills. If all the emphasis is put on the workers, while no training is put in place for managers, team building will be impacted. If leaders spend time working and growing their skills, this will improve working relationships with their team and the team will be happier and more passionate about the work.
Poor Compensation
It’s human nature to search for better-paying roles, better benefits, and training opportunities. And with LinkedIn Jobs and so many other job sites showing all of this information, it’s never been easier for people to see how much the job they are doing is worth elsewhere.
If your employees see a job a similar commute away with a better salary and benefits, why wouldn’t they leave? The job market has become extremely competitive, so in order to keep your best employees, you need to look at what competing companies are paying their employees.
If your company doesn’t have the resources to offer better compensation to your employees right now, this can result in skill gaps within your teams. While SmartshoringⓇ can help with these gaps, a strong internal team is still essential to ensure the working relationship works perfectly.
Losing your best employees to your competition because of a pay dispute is a very steep price to pay when paying attention to what your competitors are paying doesn’t require too much process.
Lack of Professional Development
If there is a perceived lack of professional development in your company, this can result in difficulties in retaining talent. If your employees don’t feel appreciated and that there are opportunities on the horizon, they may start looking for those opportunities elsewhere.
To ensure your employees are happy, regular catch-ups about how they are progressing, training, and development plans should be in place. The best leaders will see the value of their employees and nurture this until they are ready to progress.
Disconnection with Company Culture
Having a positive company culture is a huge part of what makes employees want to work at specific organizations. One way to create a positive culture within your company is by promoting an organization-wide culture of learning.
Positive company culture is often a huge reason why people choose to work at a specific organization. When there is a perceived disconnect from this culture, it’s worth revisiting your culture guidelines to ensure they are still being implemented and to see whether they need updating.
Promoting a companywide culture of continuous learning is crucial. This is a great way to reignite employee passions, upskill and empower employees to grow into the leaders you need to attract other amazing minds. Provide opportunities for skill development and see how engaged your employees become.
Huge Workloads
A huge workload causes stress, isolation and can break trust between employees and managers. Your best talent may eventually leave if they feel they spend time doing other people’s work as well as their own. Or if their work is piling up and others in the team are on easy street.
While in busy periods all employees understand that more work is to be expected, it isn’t necessarily in their career goals to be so flat out with work that they don’t get time to see their family. A balanced approach is needed when handing out work regardless of how talented your top staff are. If your top performers are overworked because others aren’t performing well, this isn’t exactly great for team building.
If your top talent have huge workloads that are causing stress, consider offshoring. It is a great way of taking some pressure off of your best employees. It can actually start transforming them into your best leaders as they lead a new team of talented people in new and exciting projects rather than heading onto greener pastures.
How to Retain Creative Talent
Regardless of where you work, the bottom line is that employees want to feel valued, supported, and respected. After all, the only reason people leave a job is because they are unhappy in some way. Happy people stay in jobs for a lot longer than unhappy people. If someone has job satisfaction and knows their role has continued maturation and good compensation, they will stay happy and stay at the company.
If your company wants to keep top talent happy and retain people, you need to give them reasons to stay. Keep your employees happy, help them learn new skills, and keep their passion for the role alive!
Learn more about boosting your company’s creative production using smart outsourcing strategies by contacting We Are Amnet today.
