Why Employees Leave by Ollie Musekamp
Afraid of A Talent Exodus during Covid-19? You should be…
Why employees leave is a hard situation to deal with. All that talent and expertise…gone. It’s fair to be concerned about an employee departure. A recent study by PWC found that 80% of CEO’s are either extremely or somewhat concerned about their company’s ability to access high-skilled labor in the future. In this Pandemic World, these concerns are exacerbated in several ways:
- Your top–talent is more important than ever as your business is rebounding, relaunching, and recovering, and your best talent know this.
2. The lockdown has given your employees more clarity and more meaning on what a work-life balance actually means.
And the result of these two factors could mean… a talent exodus.
Here’s the TOP 4 HR Items YOU Can Do Now to ensure your best talent sticks around.
1. Adapt and innovate to meet employees’ needs:
In a poll of 5,200 global professionals, 78% say that they would like their employer to encourage more working from home. In order to be successful, the majority of organizations will have to radically change how they operate during and post-pandemic. From health practicalities to work-life balance, successful employers need to be willing to adapt and innovate in order to meet their employees’ needs.
2. Transparency & Openness:
The pandemic has certainly opened the floodgates on where company values and priorities lie. Transparency has always been the most significant predictor of employee happiness, and a lack of transparency has been shown to increase the likelihood of talent exiting the organization. So NOW is the time to earn your top-talent’s loyalty and respect by being forthright, honest, and open with how your organization is changing and navigating during these uncertain times.
3. Provide support and authority:
A recent study in the UK revealed that 68% of employees have left their jobs due to their employer failing to provide them with learning and development opportunities. Talent is attracted not just to the best positions or salaries but the best opportunities to grow and thrive. It is critical that employers provide a solid infrastructure and continued support and education for their employees.
4. Effective Communication
Effective communication must be somewhat ‘costly’, which could mean actual physical letters, or it simply might mean taking the time to personalize company communication. We all know what drip-fed, automated corporate communication feels like – inauthentic, inconsiderate, robotic. Taking the time to craft and personalize company communication makes your employees feel appreciated and actually part of the evolving conversation around your company’s future. This may mean expressing vulnerability or adding a touch of humor to your letters. The point is to demonstrate that genuine thought and care went into the message and therefore worthy of interest.
Understanding the reasons why employees leave helps YOU (as the head of your company) avoid this situation to begin with! And a battle you don’t have to fight, is a battle won. This is truly simple stuff and actionable items you can do NOW to ensure that your talent isn’t heading for the doors. Yet, some companies find the aforementioned the most difficult. But we at Route Networking Group think an ounce of prevention is worth a pound of medicine. If you want to take a deeper dive into these subjects, and learn how to navigate your business through these uncertain times, give us a shout we would be happy to chat!
If you have any questions, need recruiting tips or anything else in your hiring search, reach out! We’re Boise’s hardest working recruiters and we are READY to dig deep and find that wonderful, hard-working ,one-of-a-kind applicant for you!
Great companies deserve great Talent, don’t you agree?