High employee turnover: Why your new hires keep quitting
January 20, 2021
46% of hires fail within 18 months.
The more you think about this, the less of a surprise it becomes. But it's also not exactly reassuring.
It's also preventable.
No candidate goes into a role expecting to be there for a short period of time, so there must be something else going on. And this is where it gets interesting.
Results of looking at over 20,000 new hires over a 3 year period showed:
26% failed because they couldn't accept feedback.
23% because they were unable to understand or manage emotions in the workplace.
17% because they lacked the necessary motivation to excel.
15% had the wrong temperament for the position they were in.
11% lacked the technical skills to perform.
Not having the right skillset is an inevitable result of poor hiring or a lack of workplace training. But the other 81% boils down to one avoidable and overlooked reason.
Company culture
An inability to accept feedback will hold anyone back, the trick to this as an employer is know how to give feedback well. It's the same with "managing emotions", it's an individual's flaw but a good manager can work with it to still deliver the best results.
An unmotivated workforce is a clear sign of a negative company culture. If your team enjoy being at work, they'll care about your company. And if they care about your company, they'll perform for it. Richard Branson was right when he said, "If you take care of your employees, they will take care of the clients".
So what can you do about high employee turnover?
Start at the beginning. Be honest when hiring about who you are, and what your company is. A potential new hire is going to be giving you the biggest chunk of time in their week, so make sure they know what they're signing up for.
This is what makes the RocketPeople approach work. We empower startups with the best people, by starting with the company first. We don't send over candidates from an existing pool, but actively outreach to those we think will fit the position and your company. And with a 95% success rate and an under 8 week time to hire, it's working.
46% of hires fail within 18 months.
The more you think about this, the less of a surprise it becomes. But it's also not exactly reassuring.
It's also preventable.
No candidate goes into a role expecting to be there for a short period of time, so there must be something else going on. And this is where it gets interesting.
Results of looking at over 20,000 new hires over a 3 year period showed:
26% failed because they couldn't accept feedback.
23% because they were unable to understand or manage emotions in the workplace.
17% because they lacked the necessary motivation to excel.
15% had the wrong temperament for the position they were in.
11% lacked the technical skills to perform.
Not having the right skillset is an inevitable result of poor hiring or a lack of workplace training. But the other 81% boils down to one avoidable and overlooked reason.
Company culture
An inability to accept feedback will hold anyone back, the trick to this as an employer is know how to give feedback well. It's the same with "managing emotions", it's an individual's flaw but a good manager can work with it to still deliver the best results.
An unmotivated workforce is a clear sign of a negative company culture. If your team enjoy being at work, they'll care about your company. And if they care about your company, they'll perform for it. Richard Branson was right when he said, "If you take care of your employees, they will take care of the clients".
So what can you do about high employee turnover?
Start at the beginning. Be honest when hiring about who you are, and what your company is. A potential new hire is going to be giving you the biggest chunk of time in their week, so make sure they know what they're signing up for.
This is what makes the RocketPeople approach work. We empower startups with the best people, by starting with the company first. We don't send over candidates from an existing pool, but actively outreach to those we think will fit the position and your company. And with a 95% success rate and an under 8 week time to hire, it's working.
46% of hires fail within 18 months.
The more you think about this, the less of a surprise it becomes. But it's also not exactly reassuring.
It's also preventable.
No candidate goes into a role expecting to be there for a short period of time, so there must be something else going on. And this is where it gets interesting.
Results of looking at over 20,000 new hires over a 3 year period showed:
26% failed because they couldn't accept feedback.
23% because they were unable to understand or manage emotions in the workplace.
17% because they lacked the necessary motivation to excel.
15% had the wrong temperament for the position they were in.
11% lacked the technical skills to perform.
Not having the right skillset is an inevitable result of poor hiring or a lack of workplace training. But the other 81% boils down to one avoidable and overlooked reason.
Company culture
An inability to accept feedback will hold anyone back, the trick to this as an employer is know how to give feedback well. It's the same with "managing emotions", it's an individual's flaw but a good manager can work with it to still deliver the best results.
An unmotivated workforce is a clear sign of a negative company culture. If your team enjoy being at work, they'll care about your company. And if they care about your company, they'll perform for it. Richard Branson was right when he said, "If you take care of your employees, they will take care of the clients".
So what can you do about high employee turnover?
Start at the beginning. Be honest when hiring about who you are, and what your company is. A potential new hire is going to be giving you the biggest chunk of time in their week, so make sure they know what they're signing up for.
This is what makes the RocketPeople approach work. We empower startups with the best people, by starting with the company first. We don't send over candidates from an existing pool, but actively outreach to those we think will fit the position and your company. And with a 95% success rate and an under 8 week time to hire, it's working.
