Why Executives Quit
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Business is about people and the most important relationship in a company is the one with the boss. It's the number one reason why people leave, though they will tend to say they are leaving for more money or anything else less sensitive.
As a leader, if you are not spending 30 minutes a week with each one of your direct reports, you could get an unwelcome surprise. It's one of the most difficult parts of a CEO's role because it takes discipline and commitment in a work world that seems to operate everywhere but the office.
There are six key drivers that motivate people at work: relationship with the leader; learning and growth opportunities; challenging work; contribution to the success of the organization; and certainty of career opportunities, financial rewards, fulfillment and achievement.
At any given time, two of the six drivers tend to be more important to any one person than the others. That means that whatever motivates the CEO does not necessarily match what motivates his or her direct reports.
Executives quit if the most important of their key drivers are not being met so it important to check in at least quarterly to see how your team is doing.
Using a 10-point scale, ask each individual how satisfied he or she is on the six top motivators. If the scores are very low on most drivers, it's likely that the person is in the wrong place at the wrong time and one may have to consider dramatic changes for that role. If the scores are low in just one or two areas, you have an opportunity to work with that person to develop an action plan and improve the scores, and the engagement.
Additional Reading:The 7 Hidden Reasons Employees Leave: How to Recognize the Subtle Signs and Act before It's Too Late by Leigh Brahnam. Most voluntary employee exits are for reasons companies could correct ahead of time. Branham identifies seven causes of turnover, ranging from unrealistic expectations to distrust. Creative solutions incorporate data from the internationally renowned Saratoga Institute. |
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 Mackay&Associates
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