The High Cost of Employee Turnover: How To Avoid Losing Your Best Employees

Eat. Sleep. Work. Repeat.

Sounds exhausting, right?

But this is the reality of life for a lot of corporate workers.

People look for a place where they will feel valued and respected. A company that lacks this department will have a problem retaining its employees.

There have been various studies conducted that show how employee wellness and employee retention are related.

Let’s have a look at some of them:

• Employees who are engaged in their work are 59% less likely to leave their firms, according to a survey by the Society for Human Resource Management.
• According to research by the Harvard Business Review, when employees feel like they belong, they are 87% less likely to leave their employers.
• Employees who maintain a positive work-life balance are 63% less likely to leave their companies, according to a University of Warwick study.

Impressive numbers, right?

It is understandable that in today's competitive job market, it is more important than ever for companies to focus on employee well-being. When employees are happy and healthy, they are more productive, more engaged, and less likely to leave their jobs.

There are many reasons why employee well-being reduces turnover. When employees feel supported and valued, they are more likely to stay with their company. They are also more likely to be productive and engaged in their work, which can lead to improved business results.

Here are some ways that employee well-being can enhance employee retention:

• The Cursed "Stress": When employees are stressed, they are more likely to make mistakes, take sick days, and leave their jobs. Companies that plan recreational activities and stress-busting activities can help employees manage their stress and stay healthy.

• Pro at work-life balance: When employees feel like they have a good balance between their work and personal lives, they are more likely to be happy and productive.

• Flourish and Thrive: People want to feel like they are growing and developing in their careers. Companies that offer opportunities for training and development can help employees feel challenged and motivated. This can lead to increased job satisfaction and reduced turnover.

• Positive and Happy: A positive work environment is essential for employee well-being. When employees feel like they are part of a team and that their work is meaningful, they are more likely to be happy and productive. Companies that create a positive work environment can help reduce turnover and improve employee retention.

Promoting employee well-being in an organization can look like this:

• Communicating is the key: It is important to keep members informed about what is happening in the company and how their work is contributing to its overall success. This can help members feel valued and engaged.

• Celebrating successes: When employees achieve their goals, it is important to celebrate their successes. This can help boost morale and motivation.

• Feedback: Employees need to know how they are doing in order to improve. Regular feedback can help employees identify areas where they can improve and set goals for their development.

• Recognition and Appreciation: Employees want to feel appreciated for their hard work. Companies can provide opportunities for recognition, such as awards, bonuses, or public praise.

These steps are paramount in creating a culture where employees feel happy, healthy, and valued. A satisfied employee will stay with a company for a long time.

At Marble Box, we understand that employee satisfaction is essential for a successful business. That's why we're committed to providing our employees with a positive work environment that promotes wellness, growth, and development.

We offer a variety of programs and initiatives to support employee wellness, including performance bonuses, in-office activities, and personal development opportunities. We also have a strong focus on communication and engagement, with open channels for feedback and regular employee engagement events.

We believe that by creating a culture that recognizes and accommodates the diverse needs of our employees, we can enhance their satisfaction and productivity. If you're looking for a company that values its employees and their well-being, then we encourage you to check us out.

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