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Lockdowns and furlough gifted people with the time and space to reflect on both their personal and professional lives.
Overwhelmingly, employees are now looking for a better work/life balance…
- Fewer hours
- a shorter commute
- fewer business trips
These are are all high up on an employees wants & needs.
And if not, many are looking to align the mental demands of their job (this could mean ‘more’ just as much as it could mean ‘less’)
Chances are that if people weren’t already looking for a new role before the pandemic they are now, and this is reflected with over 40 percent* of the global workforce considering leaving their employer last year.
Indeed, the Great Resignation is largely related to all things related to psychology, motivation and happiness.
Therefore, a thoughtful approach to job roles, job packages and company culture will be critical for attracting and retaining diverse talent.
Many industries – quite likely yours – are currently facing substantial labour shortages as the workforce jumps ship in search of more stability and security.
This can feel frightening for businesses working within an affected industry, but it isn’t all doom and gloom…
Here are three key ways to retain your best talent during this time…
1 – The work/life balance your roles offer
Review what you can do to improve. Where possible, focus on the flexibility of the roles and the time people can be off work, rather than at work.
It’s not always practical but even the slightest change can make a big difference to staff motivation.
2 – Map out a clear progression path
Employees wanting more from life also includes their career (an important point some employers are missing).
Map out and communicate progression paths – make sure employees know what they can achieve in your organisation and industry.
3 – Focus on a strong employer-employee connection
Be clear on how employees are valued in your organisation.
Face-to-face communication, open-door policies, diversity (and not micromanaging) are all good methods to achieve this.
Your next step…
Think of ways you can implement these suggestions within your organisation.
Many can be achieved cost-effectively and most – if not all – will make you more profitable.
Whilst existing employees are looking to change to another industry the same number if not more are looking to enter in.
This means there is an opportunity…
More on this in our next blog post coming soon…