How Will you Stop Your Best Employees from Quitting this year?
What if half of your company's top performers quit this year? A new report indicates this potential scenario taking shape. A recent survey of 2000 employees in the US and Canada found that 52% of employees have one foot already out the door. Of those planning to leave, 36% are planning to quit for better compensation and benefits. Another 25% are planning to go to find a better work-life balance. While most employers feel the work-from-home environment has created a better environment, the survey revealed that 71% of employees are disengaged. One of the most significant adverse impacts of losing your best employees is how it impacts company culture. An organization's culture exists within the shared experiences and learnings of its employees. As employee turnover increases, the ability of the organization to pass on learnings decreases significantly due to lack of experience, fractured relationships, and limited employee time due to a lesser skilled workforce. Great companies are the outcome of having great employees. Now is the time to act by identifying your organization's best employees, implementing retention strategies, and leveraging talent measurement and data analytics.