A good salary is not enough: How to avoid high labor turnover?

It is common in companies to worry about minimizing the labor turnover rate, since it can affect their productivity and processes.

David Jiménez, Adecco’s Recruitment and RPO manager, maintains that it is important for firms to work on their employer brand to be attractive in the world of work.

Also remember that people evaluate migrating to a new job to grow professionally, face new challenges and environments, this characteristic being more common in the new generations.

How to reduce high labor turnover? Jiménez recommends some points:

• Validity: being easy to adapt and keeping up with market trends will not only help the company in the business field, since it will become more attractive to potential workers.
• Healthy work environment: in addition to guaranteeing a fair and competitive salary in the market, it also guarantees growth opportunities.
• Balance: so that workers can combine professional and personal life.
• Certainty: be clear about what is sought from the beginning of the process and familiarize it with the culture of the company.
• Details: know everything that the position requires (training, time of work experience, skills and abilities, among others).

Finally, Jimenez stresses that a good salary is not enough to retain staff, and it is crucial to focus on “the knowledge acquired during the performance of the functions, the hours of training, the learning curve of the position, etc.”, which at the time of separation, can damage the productivity of the company.