The wave of attrition U.S. companies have been experiencing since the spring of 2021 has had the effect of a new pandemic. While the economy has opened up and businesses have ramped up operations, their employees have been leaving in numbers previously unseen. The trend has left business leaders with lots of questions and few answers. In an effort to help, this edition of VisionLink’s Growth Notes shares insights from various experts who have productive insights on the issue.
The 'Great Resignation' Is Really the 'Great Discontent'
(Gallup Workplace)
Gallup finds that it takes more than a 20% pay raise to lure most employees away from a manager who engages them, and next to nothing to poach most disengaged workers. In any case, attributing today's record-high quit rate to pay issues overlooks the bigger picture of the workplace. The pandemic changed the way people work and how they view work. Many are reflecting on what a quality job feels like, and nearly half are willing to quit to find one. Read More>
The 4 Keys of an Employee Value Proposition that Immunizes Against the “Great Resignation”
(VisionLink)
In VisionLink’s work with hundreds of businesses for over 25 years, we have identified four areas of an employee value proposition and experience that cause the best talent to either join an organization or leave. Each of these is under constant scrutiny by individuals who know, based on their resumes, they have options. And this scrutiny is now happening at higher levels than ever before. Consequently, if your top employees determine any one of these dimensions is not meeting their expectations, they will leave. Read More>
Leading My Company Through the Great Resignation
(Chief Executive Magazine)
Personalizing the employee experience means learning what’s important to each employee individually and then making changes, where possible, to accommodate. Our company issued a series of surveys throughout the pandemic as we anticipated needs and desires changing the longer we worked remote (and for some, they did). Unsurprisingly, we found work preferences ran the gamut from some employees wanting to remain remote, others needing the more structured collaboration that an office provides, and finally, those who want a hybrid approach. Read More>
What is an Effective Employee Value Proposition?
An employee value proposition is how your business distinguishes itself in the highly competitive talent market that now exists. It defines the employee experience someone will have with your organization and tells them why they should choose your company over your competitors. So, what should your value offer include and what should it help you accomplish? More important, how do you ensure yours is distinctive and stands out? Learn More>
