Employee retention is at an all time low. The reason for this phenomenon has a lot to do with both the volatility of the job market and the general deterioration of the employee-employer relationship. Okay, so that’s kind of a big claim to be making, but employers need to acknowledge and understand why employees are less interested in picking one company and showing up there every day until they retire. For one thing, the decline of job security requires prudent workers to keep their ear to the ground at all times. After the rise of layoffs and outsourcing, it’s no wonder that employees have a more jaded view on employment than in the past.
The lost trust of an entire generation certainly isn’t an easy fix, but the good news is there are a lot of simple, small things that managers can do to keep people around for the long haul (or at least for a little longer than the 1.5 year national average). According to a Forbes article by Louis Efron, some of the main reasons that employees quit their jobs are a lack of connection to the company, a lack of a clear future at the company and a general lack of motivation (which understandably results from the first two problems). Managers, it’s up to you to connect with the people that you onboard and give them an idea of how what they do at their desk from 9 to 5 contributes to the grand scheme of the company. If employees can see the way that they fit in now and how their role can grow into the future, they will be more likely to stick with you and put in the work needed to advance in your organization. To read “Six Reasons Your Best Employees Quit You”, follow the link below.