Study Shows Nearly Half Of Workers Will Leave Their Jobs In 2017

It is crucial to spend quality time with our co-workers this season, as a 2017 study shows that many of them are likely to leave. The expensive recruitment cycle could begin all over again, but more importantly, companies may lose some of their brightest minds. This is something that any organization aiming for success should strive to avoid, especially in a highly competitive market and a shortage of reliable workers.

While conducting research in this part of the world may present challenges, one thing we cannot overlook is the impact of Western research and its global implications. The Dale Carnegie Institute recently concluded a study across 14 countries. In the U.S. alone, for instance, 26% of employees reported that they would be seeking new jobs in 2017, and 15% are already actively searching. Altogether, more than 40% could leave their current companies in 2017.

The study also emphasized that employees are over 10 times more likely to be highly satisfied with their jobs if they feel they are led by someone who is honest and trustworthy.

In a country like Nigeria, where the recession has taken a toll, government salaries are delayed, and private companies are struggling to stay afloat without increasing wages, it’s easy to imagine how many co-workers may leave or have already left.

The Dale Carnegie Institute concluded that the primary reason for this widespread turnover is poor management. Taking Nigeria as a case study, the following strategies could help retain staff in 2017 and ensure that companies keep their best talent:

1. Show Appreciation
Recognize that long-serving staff member who is always the first to arrive at their desk or the one who ensures the meeting room is prepared and ready. Showing appreciation demonstrates that you value their efforts and that their contributions do not go unnoticed.

2. Encourage Improvement
Every organization has employees who may be struggling. If improvements are made, it’s crucial for managers to acknowledge them rather than constantly focusing on what the individual is still unable to do. Managers should celebrate achievements and support staff in becoming more efficient.

3. Reward and Compensate Good Work
Monetary rewards are powerful motivators, in addition to personal drive and passion. When targets are met, results delivered, or extra effort is put in, it's essential to compensate staff. Sometimes, a reward could be as simple as providing lunch for the whole team to show appreciation for their hard work.

4. Be Genuinely Interested in Employees
Your employees have personal lives—families, dreams, aspirations, and challenges. Show genuine interest by asking questions, spending time with them, or holding one-on-one sessions to understand their needs better. Sometimes, offering a listening ear and showing care is all it takes.

5. Avoid Bias
A common mistake in Nigeria is managerial bias, favoring certain individuals while neglecting others. This bias can create a toxic environment. Although it may not be intentional, as leaders, it’s important to remain impartial. Bias can also occur when favoring high performers, but addressing it can help prevent organizational implosions.

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