Published On: Wed, Mar 20th, 2019

4 Tips for Handling Employee Turnover

Firing an employee is an unpleasant prospect no matter the situation. Yet, every day, hundreds of business owners have to have difficult conversations with their staff members. What’s more, bringing on new employees is also a challenging task. In fact, companies that can limit and manage their employee turnover are typically much better positioned to succeed than their counterparts who struggle in this regard. To wit, today we’ll focus on employee turnover and explain four associated best practices all business owners should follow:

Handling Employee

Be Proactive

It’s important for a business owner to have their finger on the pulse around the office in order to prevent internal problems from festering. In an ideal setup, companies shouldn’t have to deal with multiple team members leaving at the same time or in quick succession. If your staff is unsettled at a base level, then you need to make sure you’re doing everything in your power to re-engage with them. It’s unwise to ever overlook the power of team dynamics.

Educate

Occasionally, business owners simply won’t be able to retain a talented employee (or group of employees). Rather than letting this setback wreck your customer service, derail your sales, or sink your company completely, it’s imperative that you find ways to replace capable professionals. The best way to do that is to educate junior staff members and groom them for bigger and better things. Bringing in outside hires at the management level is often more trouble than it’s worth because it can upset team chemistry. Plus, employee integration for high-ranking positions will require a lot of time and energy.

Listen to Employee Feedback

Want to keep your team happy? Make hires that hit the ground running? Limit turnover and increase retention? Then you’ve got to listen to what your staff tells you. Business owners who take what their team has to say seriously will –– in the long run –– build better businesses and enjoy more success.

Use Your Head & Your Heart 

Hiring and firing employees is not a simple matter of comparing resumes or performance reports. Instead, as any business owner with experience can attest, major decisions like hiring/firing employees have big, life-changing consequences. It’s therefore crucial that business owners behave in a graceful and professional manner when making staffing choices. Beyond that, though, leaders shouldn’t be afraid to follow their intuition in regard to hiring/firing employees. If a business decision makes sense on paper, but doesn’t sit well with your gut, chances are something is fundamentally wrong. Rather than trying to remove your emotions from this process, use them to help guide you.