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Published 15 May 2013 10:05, Updated 16 May 2013 07:31
Often once an employee shows signs they might be about to go, it’s too late to do anything about it. Photo: AP
It’s a dead giveaway. If your employee is smartening up their LinkedIn profile, they are in the market for a new job.
It used to be that the payroll office might have tipped you off when they got a call from someone enquiring about how much holiday and long service leave they had banked.
But leave balances are generally available on the company intranet these days – and few people stay long enough for long service.
If your employee goes so far as to change their LinkedIn details to say they are looking for opportunities, forget trying to win them back. Either the relationship is already so fractured that they don’t care that you may find out they are soliciting offers, or they haven’t thought it through and they may not actually be the sharpest knife in the drawer anyway.
It is often said that employees don’t leave companies, they leave their immediate managers – and those managers are responsible for many of the individual factors that turn a job into a drudge.
Career advancement or promotion opportunities, followed by pay and benefits were the top two reasons people go, according to a Gallup survey.
The biggest stressors are a heavy workload and lack of growth and advancement opportunities, according to the American Psychological Association.
Some managers may shrug and say something along the lines of being able to stand the heat and getting out of the kitchen. They may also say that there are plenty more where those employees came from and that may even be true, but they come at a price.
According to US company Bolt Insurance, the average turnover cost of each employee earning $8 an hour is around $5,500. That equates to 30 per cent to 50 per cent of an entry-level worker’s salary, and up to 400 per cent of the salary of a senior level position.
If you want the opportunity to win back the affection of your staff before they leave you, you will have to keep your eyes peeled. Sourced from the internet, here are a few warning signs: