4 February 2021

7 mistakes that will cause you to lose your best employees

losing better employees

Losing your best employees is easier than it sounds. Many companies don't realise that the best employees are constantly looking to grow and broaden their horizons and, if not properly nurtured, will end up leaving them for the competition. If you want to prevent this from happening, pay attention to these 7 mistakes that will make you lose your best employees. And above all, avoid them!

Table of contents

7 mistakes that will make you lose your best employees

1. Paying below-market wages

Salary remains (and will remain) the main motivator for employees. If a good employee perceives that their salary is below the average salary for their job profile, they will feel demotivated and, almost certainly, will look for an alternative that offers them better pay.

So if you really want to retain your best employees, it is essential to pay workers a wage commensurate with their value. In fact, the salary will have to be at least comparable to what other companies are paying. Otherwise, you will always be at a clear disadvantage.

2. Failure to resolve a bad working climate

Another of the mistakes that will cause you to lose your best employees is related to the work climate. In particular, with a poor work environment. Any employee needs to feel comfortable in their job. Not only with the tasks they perform, but with their work environment in general. 

A friendly, personal, and approachable approach is necessary to build the trust and well-being that every employee needs. Furthermore, good manners must also prevail. Politeness should take precedence in any situation, both inside and outside the company.

Disseminate a a corporate culture that preaches respect and good interpersonal relations is an essential element if we want to retain talent in our company. 

3. Not resolving poor management by those responsible

Not all company managers are equally capable of leading a team and bringing out the best in it. Poor management of these employees' leaders, as well as any differences that may arise at work, will undoubtedly drive away your best workers, who will seek their personal and professional well-being at another company.

To resolve this mismanagement, apply better feedback controls at all levels. This will allow problems to be located and resolved in time.

4. Making work-life balance impossible

Another of the main mistakes that will cause you to lose your best employees is not facilitate work-life balance. Today's workers demand work-life balance that allows them to enjoy their families.

If your company can do more to accommodate work-life balance, why not do it? Not only will you prevent your best employees from seeking alternatives with other companies, but you'll also be able to attract talent looking for companies integrating a good culture of social responsibility. In this sense, implementing solutions such as Nursery Ticket can be a good starting point. 

5. Having poor transparency in management

The employees who achieve the best results are those who trust not only in their own abilities but also in the company itself. Just as they place their trust and are obliged to be transparent, making all sorts of data available to the company, the company must offer reciprocity in this regard. 

Employees cannot trust their organisations if they feel that information necessary for them to better perform their jobs is being withheld. Incorporating a corporate culture where transparency is two-way It is an essential element when it comes to retaining talent and preventing the best-qualified employees from seeking alternatives in other companies. 

6. Not rewarding good work

Companies must be aware that even small achievements, whether individual or team-based, should be celebrated and rewarded. This not only adds an extra boost of motivation for the employee, but also maintains an overall optimal mood and strengthens team relationships.

Congratulating and rewarding your problem-solving employees will strengthen their confidence in your organisation, and it's one of the best ways to prevent them from being tempted to leave for the competition.

7. No ofrecer oportunidades de ascenso interno

Finally, another of the main mistakes that will cause you to lose your best employees is not offering them the possibility of professional growth. 

Hard and dedicated work must be recognised within the company. A good employee who does not see Opportunities for advancement within the organisation will be forced to look for another company. One where they can indeed have a professional career development plan in line with their results and expectations.

In this regard, it is important to value (and know how to reward) the good work of these employees as, in addition to their good results, they are the true engine of your company, as well as the main drivers of its success or failure.

Edenred Spain