According to consultant Mitch Evans, it is no surprise that there are three million on the job hunt today; even bosses bosses had no idea why their employees jumped ship. But there’s this one big reason why employees jumped into another ship – bad management was one of the top five reasons people leave a certain company, along with a desire for new challenges, feeling unappreciated, boredom and poor company morale. Good management is essential, to make the employees stay in the company.
Losing a staff is definitely expensive, costing a minimum of $3000 per person, when you take into account advertising, screening, short-listing, skills testing, interviews, reference checks and subsequent interviews. The company will spend more time and money in deciding which people to hire.