We’re in the midst of what human resources professionals have labeled “The Great Resignation” and it doesn’t appear to be slowing down anytime soon. During these challenging times, employers are unsure of how to keep their top talent from leaving. Prescott HR is here to help explain The Great Resignation, how we got here and what employers can do to retain their workforce.
What is the Great Resignation?
If this is the first time you’re hearing about it, here is a brief explanation of The Great Resignation. During the course of the COVID-19 pandemic, employees have quit their jobs in droves for new opportunities. Resignation rates are highest among mid-career level employees. While this is affecting industries across the map, resignation rates are highest in the healthcare and technology industries. As employees reevaluate their career paths, a record number of jobs remain open in the United States.
Why Is This Happening?
The Great Resignation is a confusing concept! Many organizations are wondering why employees are quitting their jobs in record-numbers. There are several different theories for why this is happening (and may continue to happen):
- Workers want more flexibility and remote offices that not all organizations can adapt to
- Women have left the workforce in alarming numbers due to caretaking responsibilities
- Workers are looking for more fulfillment from their career
- Employee burnout has reached an all time high
So, How Can Employers Improve Their Employee Retention?
There are several options that organizations can implement to keep their workforce in place. While a professional HR audit would allow us to dive deeper, here are three suggestions from Prescott HR:
- Identify the Problems: We are two years into a global pandemic and employee burnout is at record levels. If there are personnel or company culture issues happening within your organization, it’s time to address them. Look into compensation structures, promotion opportunities, performance evaluations, training and continuing education opportunities. Is your organization staying ahead of the curve and offering the best possible workplace environment?
- Communicate: One of the most effective steps moving forward is to be open, transparent and communicative with your team. Meet with each individual team member and hear out any transgressions or issues that they may be experiencing.
- Create a Culture of Positivity: Negativity is a dangerous thing and it can seep into every facet of your organization, if you let it. Look for new ways to improve your organization and create a culture of positivity. Find authentic and meaningful ways to show gratitude with your employees. Celebrate your wins and work together through the losses. Ultimately, you want to create an environment that employees would be upset to walk away from.
Quality HR Services Can Help You Retain Top Talent
Prescott HR offers a wide range of HR services that can help you to find and retain top talent for your organization. Our UnIntimated HR practices allow us to be focused and effective, providing your business with exactly what you need. Give us a call today at 443-351-8818 or contact us online.