A Potential “Quick Fix” For Employee Attrition

It’s not really that quick, but it’s better than what a lot of companies currently do.

Some — not a ton — more attention being paid recently to employee attrition, i.e. turnover. Written about employee turnover a couple of times, including the science of lessening it and something called “The Hawthorne Effect.” It’s interesting stuff. More people should care about these issues around employee attrition and turnover, and by “more people” in this context I mean “executives” — oh, wait, “senior decision-makers.” There are obviously a couple of major problems in this area, though:

• HR typically “owns” employee attrition numbers, and execs don’t commonly care about HR
• 41% of global employees essentially have one foot out the door each day, and yet companies are still reporting healthy growth. So why would an executive care about turnover? Show me my products and processes, baby! Those make me my bonus!

Well, you should care about turnover and employee attrition. There is some legitimate research that less turnover can help the bottom line. (I’ve also mentioned this, in this post.)