By Stacy Fenner, Auxin Group Program Director at MorganHR
52% of North American employees plan to look for a new job this year according to Achievers Workforce Institute. 47% of employees will look for a new job if their employer doesn’t offer hybrid work. Companies face a significant risk of losing talent if they are not looking at ways to engage and shift recruitment and retention strategies.
What strategies will work? First, put up your own mirror. When have you been the most motivated to get up and turn on that laptop/drive into work early? It is most likely when you feel your contribution is valued, you have clarity in your goals, you are part of a team, and you have the freedom and flexibility to make an impact. Plus, you most likely enjoy the people you work with and can have a little fun during the workday.
What has changed in the past year and a half? The pandemic put a roadblock in front of employee engagement, but companies quickly adapted to keeping their employees engaged in a remote work environment. From prioritizing employee WELLNESS to virtual talent shows, there are many ways to retain your current team and even recruit new employees.
Unfortunately, the Turnover Tsunami is real, but there are many ways to keep your employees happy and engaged right where they are. Here are some actionable steps to take:
- Give Positive Feedback
- Encourage creativity and innovation
- Respect and Value Employees
- Provide Opportunities to Grow (Personally and professionally)
- Earn trust
- Provide Challenges
- Create a Healthy work-life balance
- Include employees and provides connection
- Ensure salary is competitive
- Provide a safe and comfortable environment both in the office and home
These are just a few suggestions, as there are hundreds of more ways to keep your employees happy. This list is certainly not exhaustive, but the common denominator is that employees want to feel that they belong where they are now. If you’re not sure where to start making improvements on your retention/recruitment strategies, don’t worry. MorganHR offers just-in-time coaching to help with the compensation conversations and strategies for managers and HR professionals. Plus, Auxin Group promotes employee balance and development by offering bite-sized WELLNESS® and development opportunities at their fingertips with our app.
To retain and win talent during this unique time, leaders across the organization have to take part in retention and recruitment strategy development, and with MorganHR, we can come up with the best plans together.