On a podcast today I heard a new term used for the chatter about the Great Resignation. The word was “Quidditch” popularized by the Harry Potter game. We’ve all heard of employees who are quitting jobs before they have a new one (oh no we say!)
There are several ideas floating around why this large group of resignations is happening.
✅COVID quarantine gave folks time to reconsider their career options and what gives them more meaning from their work.
✅More time spent with friends and families by working remote caused employees to closely evaulate their job satisfaction and career future
✅ Employees accustomed to less commute time and less frenzied work schedule means employers should allow for remote work or at least a hybrid option.
What can Employers and leaders do to retain good talent right now:
✅Be transparent, share frequent updates about the HEALTH and WEALTH of your company
✅Engage with employees in real time (not just surveys) and get honest feedback that you can act on without parsing judgement.
✅Balance work with fun activities during the work week, not after work when family obligations limit attendance
✅Share the wealth, if the company does well, what’s the price of an extra bonus to keep talent from leaving? Give more stock options as an incentive.
✅Create a measurement for productivity vs “seat time”. Research has shown that productivity during COVID rose dramatically so why would that change going forward? TRUST your valued employees.
✅Allow for career changes within the company:
Consider being more flexible as you recruit new employees and more importantly as you retain them. The payback from longer tenured employees is worth the investment!
There are several ideas floating around why this large group of resignations is happening.
✅COVID quarantine gave folks time to reconsider their career options and what gives them more meaning from their work.
✅More time spent with friends and families by working remote caused employees to closely evaulate their job satisfaction and career future
✅ Employees accustomed to less commute time and less frenzied work schedule means employers should allow for remote work or at least a hybrid option.
What can Employers and leaders do to retain good talent right now:
✅Be transparent, share frequent updates about the HEALTH and WEALTH of your company
✅Engage with employees in real time (not just surveys) and get honest feedback that you can act on without parsing judgement.
✅Balance work with fun activities during the work week, not after work when family obligations limit attendance
✅Share the wealth, if the company does well, what’s the price of an extra bonus to keep talent from leaving? Give more stock options as an incentive.
✅Create a measurement for productivity vs “seat time”. Research has shown that productivity during COVID rose dramatically so why would that change going forward? TRUST your valued employees.
✅Allow for career changes within the company:
- Allow your scientist that is organized and efficient to try Project Management work that complements their current scientific role.
- What if an employee is a natural mentor/trainer and could be grown to be a Group Lead with a team?
Consider being more flexible as you recruit new employees and more importantly as you retain them. The payback from longer tenured employees is worth the investment!
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