Turnover is a fact of life at any company. However, while occasional departures represent a normal part of business, you shouldn’t see a stampede to the exits. If everyone is quitting at your work, you might want to take the hint.
According to Mercer, the average turnover among U.S. companies tracks at around 22%. However, the numbers vary significantly from industry to industry.
Leisure and hospitality have some of the biggest separation rates, based on government statistics. Meanwhile, government jobs have relatively few departures, likely as a result of comparably strong pension plans for many of these roles.
As such, you need to take any coworker departure in context. To know whether you should start polishing your resume, there are a few questions you should ask yourself.
Who is leaving?
Review the folks who have left the company. Do they have a situation in common? Do you share that situation? It’s possible that the issues that impacted them don’t affect your ability to thrive at the firm.
Say there’s a team at your work with a bad manager. That team suffers a high turnover problem. But you’re in a different department with a supervisor you like. In that case, there’s no reason to rush for the exits.
Why are they leaving?
To make an informed decision about your destiny, it’s important to appreciate all the variables. As such, you should learn everything you can about why people are seeking other opportunities.
Use your networking skills to connect with the people who have quit. At the same time, check out online resources like Glassdoor to see what former employees say about your company. Meanwhile, keep your antenna tuned to office gossip (though you should probably take those stories with a grain of salt).
Where would you go if you leave?
Building a career is about options. You need to know the potential alternatives for your advancement and weigh your choices carefully.
Yes, your current company might be bad. But what’s your recourse? Do you have another job lined up? Are you sure you’ll land someplace better?
Don’t stay in a bad situation longer than you have to. If your current workforce is driving your coworkers away, start considering your options. However, don’t be rash. Find a better situation before you make an irrevocable move.
Do the recent departures open up opportunities for you?
A mass exodus from the company might throw up a red flag. At the same time, though, it could also open up opportunities. There’s some value in being the last person standing.
You’ll need to balance the pros and the cons on this one. Understand the reasons people are leaving and think about whether that should prompt you to find a new place to work. At the same time, review the possibilities of staying behind. You might be able to take advantage of the situation.
If you do decide to seek out greener pastures, you’ll need help finding the right opportunity. You don’t want to end up in another bad spot. A top recruiter, like PrideStaff, can give you the guidance you need to discover the ideal situation.
Contact PrideStaff Bend today to locate the job you need to jumpstart your career.