A MngtBug is a problem, cause or impact in a human manager’s decision which produces an incorrect or unexpected result.
Every week we share a little bit of our knowledge base on social media and our newsletter. Since we believe the Management Bugs are common and typical, every description is created and adapted from articles, blog posts and definitions from other sources and authors.
This week’s MngtBug is…
Have you ever seen this MngtBug? How did you solve it?
Share your story!
This week’s “People leaving the Company” is the ultimate problem in many companies nowadays.
By definition, people leaving the company is when someone leaves on their employment at an organization.
(Extracted and adapted from https://blog.careerminds.com/involuntary-termination)
Any time an employee leaves your business, it costs you, both in time and money. There are two main categories where you can group the reasons that motivate an employee leaves the company:
- Employee Attrition — This is when employees are leaving not because they have a problem with your company or their jobs it’s a matter of life unfolding.
- Employee Turnover — This is when employees who leave the company due to termination, taking a better job, or because they felt there was no room for growth, or worse, that they were dealing with a hostile or discriminatory work environment.
(Extracted and adapted from https://smallbusiness.chron.com/employee-turnover-vs-attrition-15846.html)
But, the majority of reasons why employees quit their job are under the control of the employer.
(Extracted and adapted from https://www.thebalancecareers.com/top-reasons-why-employees-quit-their-job-1918985)
Yet these are some of the reason that the employer can control and continue to be the most mentioned as the reasons to leave a company:
- Lack of training
- Ineffective leadership
- Lack of purpose
(Extracted and adapted from https://www.impraise.com/blog/how-high-employee-turnover-hurts-your-company)
If you have a handful of employees that are jumping ship, don’t ignore the implications! Chances are there are some major issues within your company or it’s the culture that must be solved before you start hiring new employees again.
(Extracted and adapted from https://hr.sparkhire.com/talent-management/how-high-turnover-impacts-your-employees/)
This MngtBug has been mentioned with several MngtFixes such as…
“Career Path Definition”,
“Moving Motivators Implementation”,
“Team Building Events Implementation”,
“Human Resources Strategy Definition”
and of course “Management 3.0 Training”!
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Have a nice week and remember…
Human Managers should be open to being inspired and inspire others!