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Iconixx Insights BlogSales Performance Management

Improve manager-worker relationships to avoid high turnover

By April 28, 2014June 11th, 2024No Comments

While every job puts workers in stressful situations, employers should try to lower levels of stress in the workplace before they cause high rates of turnover. As finding new employees is costly and stressful itself, employers should look to identify the reasons for employee turnover and stress and try to solve these problems. Sales performance management solutions could indicate to employers that employees may be feeling excess stress. According to a survey by Monster, 77 percent of respondents said they have left or thought about changing jobs because of stress. Of these workers, 42 percent of U.S. workers left a job because their work environment was too stressful and 35 percent of workers contemplated switching jobs. “Workplace stress can come from any part of a job and triggers are different for everyone, so finding a true solution to stress tends to require a personalized approach,” said Mary Ellen Slayter, career advice expert for Monster. “While every job will come with a degree of stress it is important to act if it becomes unmanageable. It’s good to start by tracking your stress levels and looking for common triggers.” The survey suggests better supervisor-worker relationships could help improve overall sales performance management because these relationships are one of the key factors in stress for some workers. Four in 10 workers cite supervisor relationship as their main workplace stressor, according to the survey. Employers should focus on improving worker-supervisor relationships through better communication. Managers can try listening to feedback from workers as well as gauge their work performance through automated software solutions. This software could help employers articulate their expectations for work performance so workers are not stressed about their standing in the workplace. Monster suggests that managers focus on speaking in a positive manner and avoid negative points. They could also speak clearly yet succinctly to get the point across.

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Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

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Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

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KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

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