In the aftermath of the coronavirus pandemic, workers are quitting their jobs in unprecedented numbers. Workers feel disrespected, poorly paid and poorly looked after by their employers. Businesses around the world have had to develop employee retention strategies in order to counter this mass exodus. Here are some of the measures that businesses are taking in order to keep their talent and maintain growth.
Educating the Next Generation of Leaders
While it might not be possible to prevent business leaders from quitting their jobs, it is possible to educate their replacements while they are at work. Companies are investing heavily in educational platforms such as those developed by Thinqi.com in order to provide at-work training to talented employees that have the potential for future leadership roles.
Offering Better Benefits
Employees are leaving jobs in large numbers in part because they feel that their employers are not looking after them. The increasing cost of living and the inadequacy of typical workplace benefits have combined to convince employees to leave for pastures green. In the United States of America, workplace benefits are especially important. Many employees rely upon their workplace to provide them with health insurance – something that is prohibitively expensive for many people without a workplace plan. If a company provides inadequate health insurance coverage, employees will look for a new place that can keep them safe. Companies looking to counter the great resignation often seek ways of offering more competitive benefits.
Improving Employee Experience
Companies should look to employee experience first when trying to figure out why so many staff members are leaving. Far too many employees feel unseen and unheard in their workplace. Still more feel oppressed by working conditions – regardless of their seniority. Countering the great resignation in business should involve an overhaul of employee working conditions. Are employees being given the right technology and enough time to do their jobs? Are their grievances being acted upon? Does their pay reflect the rate of inflation and the rising cost of living?
Offering Hybrid Work Models
One of the most common reasons cited by employees when they quit their jobs is their dissatisfaction with a return to the ‘old normal’ in the aftermath of the pandemic. In many ways, the in-office working model was outdated before the pandemic hit. With cloud technology, high speed internet and video conferencing all readily available, it is arguable that companies were clinging onto the office primarily to exert unnecessary control over their employees. Employees are now fully aware of which roles do and do not require office work, and they are dissatisfied with being forced back into the office for reasons that they know are trivial. Having an office is, of course, necessary. Businesses that do not want to offer fully remote work but that still want to retain staff dissatisfied with a full return to the office are turning to hybrid working models. Hybrid working models offer partially remote and partially on-site working arrangements.
