Tagged: worker retention

The Top Four Warning Signs of Employee Turnover

 

Employee turnover is as costly and damaging as it is inevitable. HR teams have spent generations trying to curb it, and, sadly, today they’re no closer to finding a sure-fire remedy. While organizations may lack a catch-all solution for employee turnover, many have made leaps and bounds when it comes to understanding why employees leave. And understanding the problem is the first step to addressing it.

In order to help organizations cultivate this understanding, Quantum Workplace just released “Top 5 Predictors of Employee Turnover.” The report is a compilation of survey data gathered from over 97,000 professionals and sheds light on just how subtle and nuanced employee turnover predictors can be.

Turnover-focused employers and HR specialists may want to glance over Quantum’s top five…

 1. Lack of Job Satisfaction

Okay – this seems like a no-brainer. But are the symptoms of job dissatisfaction always easy to spot?

2.  Unmet Individual Needs

The challenge for HR: Identifying which needs have the greatest impact on an employee’s willingness to stick with their job.

3. Poor Team Dynamics

This is one of the most challenging predictors to monitor and counteract, especially in large organizations where leadership is delegated and departments are fragmented.

4. Wrong Organization

Sometimes it’s just not the right fit between employee and employer. Which means it’s all the more important that HR understands why certain employees don’t align with the organization.

Explore Quantum’s full report to learn more about the top five turnover predictors and, most importantly, get tips for stopping employee turnover in its tracks.

See You at the 2017 Total Rewards Conference


If you want to learn more about the current tech-savvy workforce and how to attract them to your organization meet up with us at “On Their Terms: Engaging Millennials (and Your Entire Workforce)” at the #WorldatWork 2017 Total Rewards Conference in #WashingtonDC. See you there!

On Their Terms: Engaging Millennials (and Your Entire Workforce) – Tuesday, May 9, 9:45 AM

Session Leaders:

  • Amy Stern, Director of Employee Engagement Research, BI Worldwide
  • Christy Thompson, Vice President of Humans, Sunglass Hut

Could Senior Employee Retention Affect Your Company’s Future?

We’ve all seen the employment forecast – the winds of youth are coming. Despite the influx of the next generation of workers, senior employee retention could be the higher priority for employers. 25% of workers will be 55 or older by 2018. Failing to retain them could leave companies critically understaffed and forced to tax valuable hiring resources.

Older employees play a valuable role in your company.

Older employees play a valuable role in your company.

Does this mean companies need to start reserving an exclusive employee retention budget for their older workers? Hardly. There are plenty of other steps employers can take to improve senior employee retention.

Show Them That They’re Valued

Older workers are no different than any other employees – they want to feel wanted. Monetary benefits can only go so far in this regard, especially since 70% of workers are motivated by more than just salary.Your Comment Counts words on a red suggestion box to illustrate

Transparency of progress toward retirement, health and wellness gains, as well as providing opportunities to be a mentor, will keep them engaged at the office.

Provide Flexible Schedules

Many workers desire greater flexibility as they edge toward retirement age. Offering seasonal hours and phased retirement schedules boosts older worker retention by allowing them to stay busy and productive while enjoying a lighter schedule.

Offer a Variety of Benefits

It’s life – employees shift their attention to different values as they age. A career advancement path might not be as valuable to a 60 year-old as it is to a 30 year-old. It’s important for employers to have a variety of monetary and non-monetary benefits to offer their older employees. What’s more, those benefits need to be presented in a clear, engaging fashion.

Reward Your Older Workers

As companies prepare for the generational shift at the workplace, keeping the wisdom of age amidst the confidence of youth might be the key to consistent, long-term success. Read more about the tools available for retaining and engaging talent in the current and next generations of the workforce.