Are You Driving Away your Employees?

Most people think of recruiters as individuals that help unemployed individuals find a job. Before I started at Core Group Resources, I was of that same mindset. I have discovered that recruiters also aid individuals that are currently employed more often than those unemployed. Candidates that are currently employed and are not actively looking are usually more inclined to hear about new opportunities. The reason behind this is because people are always looking for recognition, advancement, and freedom. Here are practical ways to retain great employees:

Showing Recognition

According to Forbes.com, a study showed that 76% of millennials would leave a job if they were not shown appreciation in the workplace. Recognition can come in many forms like embracing new ideas, successfully completing a difficult project, or making a difference inside or outside of the workplace, the slightest recognition from peers can leave a great impact. Other initiatives like employee of the month, weekly acknowledgements, micro-bonuses, or even employee perks such as lunch on the company are more examples of recognition that keep the motivation high in the workplace. As Mark Buckingham once said, “People leave people, not companies”.

Opportunities for Advancement

A study on “310 Workplaces” done by The Harris Poll concluded that one in three employees left their previous position due to lack of advancement. Most individuals do not make drastic career changes to make a lateral move, they make changes that will help them climb the ladder to the next best thing. For example, if an employee has been working at a company for years without adapting new skills or advancing to new roles, they will most likely be looking for the next best thing elsewhere.

Freedom & Flexibility

Lastly, freedom is another substantial reason as to why people are leaving their current roles. Financial freedom is the most notorious reason however since the pandemic started in March of 2020, a lot of jobs have gone remote and have allowed individuals the freedom to work from the comfort of their own home. Now over a year later, many individuals would not even consider a job if it were 100% in the office. According to Workstars.com, less than 10% of individuals would choose the office as a preferred workplace, and 70% of millennials would consider leaving their current employer for a job that offered work flexibility.

Whether a company is hiring or struggling with high turnover, implementing a more employee-centered culture will only benefit the company. After all, the employees are the ones who help the company succeed and stay afloat.

By Vanessa Curiel