Amid the Great Resignation, we find that attracting, retaining and engaging current and future employees is crucial for the success of a business. A report from the US Bureau of Labor Statistics stated that between July and November 2022, more than 4 million Americans quit their jobs each month. How do we curb this trend?
DefinedTalent suggests focusing on four main points. 1) Invest in Employees 2) Enhance Your Culture 3) Embrace Competition 4) Manage Upward.
Invest in Employees
Offer coaching and mentorship programs
Provide opportunities for career advancement and professional development
Encourage ongoing professional learning and development
Recognize and reward employees
Enhance Your Culture
Foster a positive and inclusive work environment
Encourage and support a work-life balance, including WFH and flexible schedules
Provide feedback and performance reviews
Implement Corporate Social Responsibility programming
Understand and appreciate your competitor's strengths and weaknesses
Utilize competitors as a motivation for continual improvement
Respond and adapt to market and industry trends/changes
Celebrate team wins
Practice open, vertical and transparent communication
Offer solutions, not just problems
Foster productive and respectful working relationships
Anticipate needs and provide solutions
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