You’ve lost tens, dozens, maybe even hundreds of employees to the Great Resignation.
To stop your employees from quitting, you’ve incorporated every Harvard Business Review suggestion. You have pivoted to focus on “career conversations and creating opportunities.” And now you are “measuring potential not performance.”
Making these changes hasn’t been easy. In fact, it has cost you significant time and effort.
But honestly…it’s not making a meaningful difference. Your employees are still running out of your building like it’s on fire.
Now you are thinking: is this business sustainable with an insanely high employee turnover rate? Is it really that bad to work here? What am I doing wrong?
If The Great Resignation has you feeling overwhelmed, exhausted, and at your wit’s end…you aren’t alone.
A poll from Gartner forecasted 50-75% higher employee turnover now vs pre-pandemic. Plus, there is an 18% increase in time to fill open positions.
The Great Resignation is impacting staffing in almost all industries and businesses.
So the big question is, how do we get back to that pre-pandemic “normal” employee retention rate so your business can operate without delays?
There’s one thing you have to understand that A LOT of employers are missing when they think about employee retention.
The most important thing you have to remember is…
Your employees aren’t just workers, your employees are HUMANS.
And when we strip it all down, humans want some pretty basic things:
- We crave feeling accepted and valued.
- We thrive when we are appreciated and recognized as important.
- We need to belong in a community.
- We must have freedom, choice, and know that our voice matters.
By no means is this a comprehensive list of all basic human needs.
But these are key basic needs that as an employer, you want to be triple-sure you are checking the box on for all your employees.
Because if you aren’t meeting these basic needs for your employees…I can say with 100% confidence, your employees are looking for other jobs.
And I can say this with such confidence because I was one of those employees who left their job for a completely different career as part of The Great Resignation.