How to avoid turnover in your company?
Posted: Sun Jan 05, 2025 6:40 am
The constant change in the job market has made high turnover a reality for many Brazilian companies. According to an American study, the country has a turnover rate of 82%, double the global average.
To reduce these rates, it is necessary to develop training strategies, improve the quality of selection processes and motivate employees to support the company, but in a competitive market, how can this be done?
Read on to find out more!
What is turnover?
Turnover is the calculation that companies make to measure employee turnover, both on a macro level, analyzing the number of admissions and dismissals throughout the organization, or in a specific sector.
It is normal for companies to have employee turnover. It can happen for a number of reasons, the most common being: high competitiveness in the market, employee personal issues, moving to another city or distance, or even the organization not being able to retain good talent.
In all cases, you need to know how to calculate turnover and find out if it is above average for your company.
How to assess turnover?
According to a survey developed by Robert Ralph, with more than 1,700 HR directors, the global turnover indicator is around 38%, while Brazil registers 82%, the data was shared at the end of 2021.
To assess whether your company is on the global average, you can:
1 – Calculate the turnover of laid-off employees: to understand the company’s situation, the human resources manager can count the total number of layoffs each year and verify whether the total has remained stable or increased.
2 – Calculate the number of employees who resign: check the jamaica email list number of employees who resigned each year, if possible also check what the most frequent reasons are.
3 – Calculate the hiring turnover: in this calculation, HR will use the formula to note how many employees were recently hired, and check the number of dismissals within six months.
Captiva
5 ways to avoid turnover in your company!
Competitiveness in the market has contributed to companies having an increasingly high turnover rate, so it is important to find ways to avoid turnover and retain the talents that are within the organization.
Selection process
Hiring qualified employees is a fundamental part of the process. For this to be possible, the company must have a process based on getting to know the candidate in depth and testing their skills.
Selection must happen quickly, and for this there are tools that evaluate the challenge and filter the best candidates, optimizing the time of the manager and the candidate.
Career plan
Providing opportunities for growth can be key to reducing turnover. Employees want to be part of an organization, and they are more committed to it when they know they have the opportunity to grow as leaders, supervisors, managers, and the like.
Feedback
Constructive feedback is essential, it allows employees to know their strengths and weaknesses, thus being able to solve possible day-to-day difficulties with the help of the manager.
This attitude shows that the company respects and is interested in the employee's performance. This can reduce anxiety and contribute to better results on the part of the employee.
Benefits
There is no doubt that offering a salary that is competitive with the market contributes to the employee's daily motivation. However, we have seen that it is necessary to invest in benefits that go beyond monetary ones. Nowadays, we have noticed that companies that have partnerships with educational institutions that offer discounts attract the attention of employees.
Another point is flexible working hours, bonuses that involve days off and other benefits are also part of the package.
Employee training
Finally, well-trained employees are more motivated and less likely to think about changing jobs. Investing in technical and behavioral training to develop new skills is an advantageous option for the company, as it will result in better quality processes and for the employee, who will gain more knowledge.
To reduce turnover, the company needs to map employee behavior and understand the reasons for high turnover, whether it is salary, lack of motivation, training or even personal problems. With the 5 tips we discussed here, your company already has a great chance of reducing turnover.
Want to know more about this topic? Keep following our blog , here you will always find news and tips for your company!
To reduce these rates, it is necessary to develop training strategies, improve the quality of selection processes and motivate employees to support the company, but in a competitive market, how can this be done?
Read on to find out more!
What is turnover?
Turnover is the calculation that companies make to measure employee turnover, both on a macro level, analyzing the number of admissions and dismissals throughout the organization, or in a specific sector.
It is normal for companies to have employee turnover. It can happen for a number of reasons, the most common being: high competitiveness in the market, employee personal issues, moving to another city or distance, or even the organization not being able to retain good talent.
In all cases, you need to know how to calculate turnover and find out if it is above average for your company.
How to assess turnover?
According to a survey developed by Robert Ralph, with more than 1,700 HR directors, the global turnover indicator is around 38%, while Brazil registers 82%, the data was shared at the end of 2021.
To assess whether your company is on the global average, you can:
1 – Calculate the turnover of laid-off employees: to understand the company’s situation, the human resources manager can count the total number of layoffs each year and verify whether the total has remained stable or increased.
2 – Calculate the number of employees who resign: check the jamaica email list number of employees who resigned each year, if possible also check what the most frequent reasons are.
3 – Calculate the hiring turnover: in this calculation, HR will use the formula to note how many employees were recently hired, and check the number of dismissals within six months.
Captiva
5 ways to avoid turnover in your company!
Competitiveness in the market has contributed to companies having an increasingly high turnover rate, so it is important to find ways to avoid turnover and retain the talents that are within the organization.
Selection process
Hiring qualified employees is a fundamental part of the process. For this to be possible, the company must have a process based on getting to know the candidate in depth and testing their skills.
Selection must happen quickly, and for this there are tools that evaluate the challenge and filter the best candidates, optimizing the time of the manager and the candidate.
Career plan
Providing opportunities for growth can be key to reducing turnover. Employees want to be part of an organization, and they are more committed to it when they know they have the opportunity to grow as leaders, supervisors, managers, and the like.
Feedback
Constructive feedback is essential, it allows employees to know their strengths and weaknesses, thus being able to solve possible day-to-day difficulties with the help of the manager.
This attitude shows that the company respects and is interested in the employee's performance. This can reduce anxiety and contribute to better results on the part of the employee.
Benefits
There is no doubt that offering a salary that is competitive with the market contributes to the employee's daily motivation. However, we have seen that it is necessary to invest in benefits that go beyond monetary ones. Nowadays, we have noticed that companies that have partnerships with educational institutions that offer discounts attract the attention of employees.
Another point is flexible working hours, bonuses that involve days off and other benefits are also part of the package.
Employee training
Finally, well-trained employees are more motivated and less likely to think about changing jobs. Investing in technical and behavioral training to develop new skills is an advantageous option for the company, as it will result in better quality processes and for the employee, who will gain more knowledge.
To reduce turnover, the company needs to map employee behavior and understand the reasons for high turnover, whether it is salary, lack of motivation, training or even personal problems. With the 5 tips we discussed here, your company already has a great chance of reducing turnover.
Want to know more about this topic? Keep following our blog , here you will always find news and tips for your company!