This month's column will answer an ACN reader's question about turnover and include a piece of HR humor sent by an ACN reader. Increasing salary and benefits will only reduce turnover when three conditions are met. Employees are leaving due to low compensation and benefits.
Employees leave organizations for many reasons, only one of which is low pay.
It is tempting to assume that employees are leaving due to low pay, but that may not be the case. The best way to determine why employees are leaving is to conduct exit interviews with employees when they leave. Departing employees usually have no problem being candid about why they are leaving. Though exit interviews can be done through questionnaires, personal interviews provide the best qualitative information. Attitude Surveys Employee attitude surveys can also be conducted with current employees.