To download a printable version of this transcript, click here.
 
 
iQuestions Faculty, Ron Price 
 
 
Question: 
 
We seem to have constant turnover. Is there something I can do to 
reduce this turnover? 
 
Answer: 
 
There are a number of businesses and organizations that struggle with 
turnover today. A lot of factors may lead to turnover, from the kind of 
business that you’re in to the type of people that you’re hiring. There 
are some things that probably are outside of your control, but there 
are also things that you can control. 
 
So let’s look at what makes a good job. There are three basic things to 
think about. 
 
First of all, a good job provides security and an economic basis for 
somebody to want to come to work every day. So is your job providing 
that kind of environment of security— that feeling that if somebody 
works for you, they are going to have the resources they need to live 
life? That’s one of the first ways to cut down on turnover. 
 
The second thing is, does the job that you offer give people 
meaningful work and the opportunity for ongoing growth? Surprisingly, 
most people don’t leave their job because they’re not getting paid 
enough. Most people leave their job because they’re looking for a 
better opportunity. They’re looking for something more meaningful. So 
this is the second thing to look at in the jobs that you provide, make 
sure that they provide something meaningful for your workers and an 
opportunity for ongoing growth. 
 
 
 
The third thing to look at in a good job is supportive relationships. The 
truth of the matter is that people don’t really leave companies. They 
leave managers. And they usually leave managers because there’s not 
a strong relationship there of trust, communication and feedback, back 
and forth. Make sure you don’t have a workplace that is filled with 
gossip or filled with problems, relationally. Build strong relationships 
into your culture, and you’re going to see your turnover drop. 
 
Price -2- 
To download a printable version of this transcript, click here.