The work-from-home wave has swept the nation and has been a blessing for employees. Meanwhile, employers across America have seen higher resignation rates than ever. In July 2021, over 4 million individuals left their positions, leaving a record 10.9 million positions empty by December.
87% of employees say that they have thought about a career change recently. Motivations may differ, but it’s obviously something that many people have on their minds. There are things employers can do, however, to make sure that their top talent doesn’t go walking out the door.
Unhappy workers cite burnout, long hours, lack of recognition and low compensation as reasons for their departure. To combat this, employers should implement new strategies to mitigate dissatisfaction. Burnout, for example, affects productivity and can even be detrimental to a person’s health. Once the solution has been identified, solutions can be pondered.
Working from home grants employees the freedom to promote a healthy work-life balance. Allowing the option to continue working from home if they please is something employers must consider. Employees today would rather prioritize their personal life and health instead of wasting away working long hours in a cubicle or warehouse. This will encourage employees to stay while also making your company a destination.
Employers should also have regular one-on-one meetings with their employees to offer feedback and recognition when appropriate. While not the only reason, wage is another major issue that employees battle with as they are faced with rising costs and inflation. Fair wages are very important, as less people want to work for stagnant wages.
To learn more on how to reduce talent loss, please see the accompanying resource provided by GForce Employment Solutions.
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