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The Significance of Employee Retention Strategies in the Era of Great Resignation
With the 'great resignation' having a significant impact on industries such as technology, every company must devise strategies to retain talent
Fremont, CA: People's priorities have shifted as a result of the pandemic. It has served as a wake-up call for most workers, who have been somewhat disengaged at work. This has allowed them to investigate the seemingly limitless possibilities. This could be a dream job, increased flexibility, a better culture, or even a more suitable location. There are numerous motivations, and as most organizations require employees to return to the office, people are reconsidering their options.
Employee Retention and Great Resignation
More flexibility: After months of working from home, employees want more flexibility and freedom regarding where they work. Most people, especially young people, prefer to work from home a couple of days a week rather than commuting every day.
Better Quality of Life and Well-being: Most employees reported improved quality of life while working from home during the pandemic. As a result, they are unwilling to return to the monotony of the office environment. Employees may experience fatigue and burnout when juggling a 9-to-5 job with family life.
Poor Treatment: For some, their employer's poor treatment throughout the pandemic motivated the decision to leave their jobs.
While employee turnover is average, the great resignation can catch businesses off guard if companies do not understand and address the individual motivations driving this shift.
How can Businesses Deal with 'Great Resignation'?
• Increase the Number of Remote Working Opportunities
For most employees, the past year has demonstrated that they do not need to be at work to be productive. While many may miss the opportunity to socialize with their coworkers, a large number do not intend to work from the office every day of the week.
• Invest in Your Distributed Workforce's Support
Even for organizations that offer remote work, transitioning to a hybrid work environment can be difficult. Though the technological infrastructure is in place, many changes are required to support this new way of working. The first step should be to train managers to lead hybrid teams successfully.
• Rethink Career Development Policies
World-changing events like the Covid-19 pandemic are enough to cause anyone to reconsider their life priorities. While you may not be able to keep every employee, you can take significant steps to assist employees in making important career decisions. Employees should feel free to discuss their career and life goals with you as an employer.