I can observe that there has been an alarming rise of the turn over rate in my company during this economic recession period. It is a hard time for the company especially when it failed to hold the quality employees.
Leader with appropriate mindset will recognise people as an essential asset to a company. Therefore, investing money in people should not be treated as an expenditure, which need to be kept to the minimum amount necessary. When employees are force to take unpaid leaves as a measure to cut cost, increased workload has arisen because of restructuring, downsizing, increased responsibilities etc.
Most importantly, contribution by staff should be recognised through attractive compensation to avoid staff dissatisfaction and high burnout rates . Afterall, good benefits plan encouraged people to work harder and perform better in a company.
I hope those leaders in my company can plan something to investigate the reason of high turnover and resolve human resource management related issue. Effort should be taken to provide opportunity for people in an organization to maximize his/her contribution.
