As the job market continues to improve, more and more staffing agencies are placing qualified candidates in long term roles. While agencies spend ample time and money ensuring the proper fit is made, there is always the possibility that a candidate will leave the position before their assignment is over. This is especially troubling to staffing agencies as their reputation could be tarnished and the project may not be completed in a timely manner. The following are the top five reasons workers quit their positions, which should be considered in order to reduce Staffing Agency Professional Liability.
Lack of Wage Growth- In a competitive job market, workers are expected to be compensated fairly. While a wage may be agreed upon starting, wage growth should be an assumed component of the worker’s longevity.
Lack of Opportunity for Advancement- While entry level positions are an essential part of a business, advancement opportunities help to motivate the worker and decrease turnover.
Increasing Workload without Compensation- Lewis Maltby, president of the National Workrights Institute in Princeton, said “Even though corporate profits are at record levels and CEO compensation is to the moon, everybody else is working like a dog just to keep their head above water and not getting anything for it.” He also stressed that the average person’s pay, relative to inflation over the last 10 to 20 years, is decreasing. Therefore, workers want to know that their hard work is acknowledged and they are rewarded accordingly.
Excessive Overtime- “The people at the top have more money than they know what to do with and the rest of us are working longer and longer for less and less money,” said Maltby. He also stressed that working hard isn’t a guaranteed success equation anymore. Rather, he states that hard work is essential for survival. As such, workers are putting in extra hours at the office without adequate compensation.
Lack of Work Morale and Flexibility- As both parents and/or heads of household typically work, flexibility in scheduling is essential. If an employer is willing to honor this need to allow family time and outside obligations, worker morale is increased and the company does not lose a valuable employee.
At World Wide Specialty Programs, we offer comprehensive coverages that cater to staffing agencies. Our programs safeguard your business, employees, and operations in order to give you peace of mind. To learn more, contact us today at (877) 256-0468.