It is no longer a business secret that to become a market leader in your industry you must be able to attract with ease the best hands. If you must be the best, you must attract the best. There are many reasons employees quit good paying jobs, the reasons are not really set in stone, it could be a combination of factors.
In Nigeria, a country with enormous human resource potential yet mind bugling unemployment figures, filling vacant positions is a little tricky.
Contrary to the popular opinion that there are no jobs in Nigeria, the bigger issue is the unemployability of the vast majority of the young population. The current education on offer at tertiary institutions does not get close to preparing students for life in a 21 century, fast-paced and ever-evolving economy.
With these challenges in recruitment, “staff retention” has become a major concern for management. It’s hard enough to find the right fit for your company, add that to the cost of training, re-training and other forms of investment in the staff, it becomes imperative to ensure your best hands do not leave to competitors. Research has shown that replacing an employee costs 21% of their annual salary.
To understand how to keep the best happy, we look at the top 6 reasons why Employees Quit in Nigeria.
LACK OF GROWTH OPPORTUNITIES
Most upwardly mobile, smart and driven people do not appreciate being boxed into a company where they cannot visualize opportunities for growth. Not necessarily financial growth, but the best employees want to feel that they are making progress in life.
The idea of being stuck at one level, repeating the same tasks with little increments now again will surely sap the motivation in no distant memory. Everyone wants something to aspire to, a structure for advancement.
When and if there is some extra work to be done, chances are that the best hands in the team get a call after work or on weekends. With this continuing over a period of time, it is only a matter of months before he starts to seek greener pastures. According to a recent survey, 36% of employees get after work e-mails, 9% get emails while on vacation and 34% get to take work home over the weekend.
The implications of getting overworked are far-reaching. Family life suffers, health may begin to wane and generally grumpiness sets in. Even the allowances for extra work will only gloss over the cracks in the short-term, in the long run; nobody appreciates being physically spent out.
Life in Nigeria, for the most part, is hard enough, there are a lot of issues to grapple with on a personal level, there is much more to be concerned about on National stage; but for some reason, the average Nigerian still manages to maintain a happy disposition. Having a mean taskmaster to deal with for 40 hours every week isn’t a prospect that appeals much to anyone irrespective of the pay.
Some bosses may not be totally evil, but when an employee senses that profit, goals and targets mean more to management than the basic essence of humanity, not too many will stick around long afterwards.
More than half the people who leave their jobs do so because of their relationship with their boss. They simply fire their bosses to get some peace back into their lives.
Money! For over 85% of people, this is the primary consideration before accepting the job in the first place. In such a volatile economy such as Nigeria, Management is often oblivious to the economic realities of the middle class.
Inflation rates keep soaring, the employee grows, (often more kids and dependents come along) yet the remuneration structure of most establishments can remain the same for a decade. This is another reason employees quit their jobs.
LACK OF RECOGNITION AND ACKNOWLEDGEMENT
One of the reasons employees quit is a lack of recognition. The best employees go out of the norm to task themselves further to solve problems, often times creating solutions that would ordinarily cost much more if contracted to a consultant. All they really need is that little recognition during that team meeting or board meeting. It’s a part of who we are as human beings, it reinforces our self-worth and gives a sense of belonging.
No matter how little a kind gesture, an open acknowledgement matters a lot to an employee.