Talentless: How to Minimize Employee Exits
The work-from-home wave has swept the nation and has been a godsend for employees. Meanwhile, employers across the United States have seen higher resignation rates than ever. In July 2021, over 4 million individuals left their jobs, leaving a record 10.9 million positions empty by the end of the year.
87% of employees claim that they have recently thought about a career change. Motivations may differ, but it’s something that many people seem to have on their minds. There are things employers can do, however, to make sure that their top talent doesn’t seek employment elsewhere.
Dissatisfied workers cite burnout, long hours, lack of recognition and low compensation as reasons for leaving a company. To mitigate this, employers should implement new strategies to curb dissatisfaction. Burnout, for example, affects productivity and even been found to be detrimental to one’s health. Once the solution has been identified, solutions can be offered.
Working from home allows employees the freedom to promote a healthy work-life balance. Allowing employees to continue working from home if they please is something employers must consider. Employees today would rather focus on their personal life and health instead of working long hours in a cubicle or warehouse. This will encourage employees to stay while also making your company an ideal destination.
Employers should also have regular one-on-one meetings with their employees to give important feedback and recognition when appropriate. While not the sole reason, wage is another huge issue that employees face with as they are met with rising costs and inflation. Fair wages are very important, as less people today are willing to work for stagnant wages.
To learn more on how to reduce talent loss, please see the provided guide created by GForce Employment Solutions.
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