Why Employees Quit, Part 2
Lack of appreciation
Everyone wants to be recognized and appreciated. This is another basic human need. It's no wonder that one of the main reasons employees decide to quit is the absence of appreciation and recognition. Many workplace studies support this claim.?
For example, a?2021 report by?McKinsey found that 54% of employees cited "not feeling valued by their organization" as a top reason for quitting. Another?2017 report by Gallup?showed a lack of recognition as one of the most common reasons employees left an organization. It's interesting to note that talented employees tended to leave faster.
To be clear:?recognition isn’t always about monetary rewards, although it can be. What we are referring to here is simple verbal appreciation from managers and leaders; the acknowledgment of your employee's hard work. Whenever employees feel undervalued and overlooked, their commitment to the organization fades, and they look for greener pastures. Appreciation isn't just a "nice to have." It's the cornerstone of employee engagement and retention.
Enjoy!