As more jobs slowly open up, employees are quitting their jobs for new ones. Your new, emerging role: encouraging employees to stay with your company. But how?
The Bureau of Labor Statistics (BLS) recently released data showing that the number of people quitting their jobs has surpassed the number of people getting laid off or fired.
A higher "quit rate" is a good sign for the economy, but what could this mean for your company? Your best employees may leave for a better job... soon.
Their reasons could include more money, better benefits or better growth opportunities, but the low morale of the recession's over-tasked and under-appreciated workforce is likely what's driving them to search for a job.
According to a recent Accountemps survey, nearly half (48 percent) of those interviewed cited better communication as the best remedy for low morale. Basically, you can't over-communicate.
Rehiring key staff and re-introducing perks, benefits, bonuses and better pay raises will help you to remain a competitive employer as well as retain and attract the best employees.
In the meantime, Accountemps offers six ways you can improve communications and thus strengthen employee morale:
- Get employees involved and empower them - ask them to come up with creative ways to solve everyday problems
- Make yourself available to employees when they need you - approach individuals and ask how their work is going.
- Actively listen to employees - avoid interrupting them during discussions or acting distracted during team meetings
- Manage the rumor mill - address half-truths and unfounded speculations
- Keep face-time meetings on the calendar and don't miss them - emails aren't the same
- Communicate company vision - when assigning tasks, explain how those tasks support larger business objectives