In 2020, as the pandemic rose, 3.5 million people left their jobs – either due to quitting or extended layoffs and “temporary” furloughs that became permanent.
All businesses expect some staff turnover. In the United States, the average rate of voluntary turnover is 13%. Naturally, employees retire, find other jobs or move to different cities.
People compare their careers, assets, and net worth with colleagues, family, and friends. One of the main reasons that employees leave is to accelerate their careers and make more money.
One of the best ways to provide feedback is with regular 1-on-1s. Besides being a sign of commitment from management, 1-on-1s are a crucial factor for employee success.
Micromanagement drives employees away because it signifies a lack of trust and freedom. Excessive supervision stifles creativity and motivation, reducing productivity and employee burnout.