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Behind the poor hiring decisions, there are typically impulsive hires.
Along with lack of career development, work-life balance, and manager behaviour as the top categories, there are other essential reasons. They include wrong hiring strategy, toxic culture, lack of attachment to the company values and goals, and employee burnout, partly caused by the new reality coming along with the pandemic. Let’s focus on the substance of each of these reasons and explore how to prevent high employee turnover rates.
#1 Poor hiring strategy
Hiring quality talents requires a solid recruiting strategy and time, and it’s totally worth it. A wrong hire gets seriously expensive, and besides increasing the employee turnover rate. The recruiting error may lead to the workplace’s tainting and even damaging of a company reputation.
Johan Coetzee
Namibia s average corruption rating by Transparency International (TI), i.e. all ratings added up and the sum divided by the number of years, is 4.86.
For the previous decade (2011-2020) the average is 4.95 out of 10 and for the first decade (1998-2007) the average is 4.89. The difference between the averagea of the first decade is an improvement of 0.06, which translates to 0.6%.
It can be said that this ‘improvement’ is insignificant.
Based on the average over 23 years, if Namibia has been employed at a private sector institution or was an entrepreneur, Namibia would not have been employable or not a going concern. In terms of the long-term trend, it can be deduced that Namibia is performing mediocre and at a substandard level in terms of global standards and Namibian perceptions about tackling corruption.