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Are Your Employees Planning to Leave in 2017?

December 27th, 2016 Comments off
Person silhouette standing in 2017 on the hill at sunset

Now may not be the time to get too attached to workers. According to a new CareerBuilder survey, more than 1 in 5 workers (22 percent) are planning to change jobs in 2017. Among younger workers, the numbers are even higher. More than a third of workers ages 18 to 34 (35 percent) expect to change jobs in the next year.

Employee retention is critical to the long-term health and success of your business. So what can you do to make workers stay?

When asked what extra perks would make them more willing to join or stay with a company, the most popular choices workers pointed to include:

  • Half-day Fridays: 40 percent
  • On-site fitness center: 27 percent
  • The ability to wear jeans: 23 percent
  • Daily catered lunches: 22 percent
  • Employee’s own office: 22 percent

While you may not be able to offer everything on the above list, below are a few strategies you can use to retain your talent in 2017 and beyond:

Provide a competitive benefits package. You’re competing for clients and for employees. Flex schedules, health insurance and specialty insurance (such as disability and life) make a difference when it comes to attracting and keeping employees.

Create an open and honest work environment. Give feedback on work performed and be willing to listen, really listen, to the concerns of your employees.

Get employees’ input: If you want to keep your best and brightest people, involve them in the decision-making process. Not only will it serve to provide different perspectives that can lead to smarter decisions, it will also boost morale,

Provide productivity tools: Ensuring your employees have access to the tools and information they need helps ensure they can do their job more productively.

Recognize and reward good work: Monetary bonuses are always nice, but recognition of a job well done goes a long way to creating good will and loyalty. The most powerful recognition is specific. For example, “good job” is acceptable, but “good job on the rebrand project” is much better.

 

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1 in 5 Workers Plan to Leave Their Jobs for Younger, Prettier Jobs This Year

December 29th, 2015 Comments off
2016, silhouette of a woman standing in the sun, blue sky

Goodbye, 2015. It’s time to start fresh and resolve to do all the things we failed to do over the past year: Lose weight, quit smoking, say the correct name at the end of the Miss Universe pageant, etc.

For many Americans, “Get a new job” is on top of that list of resolutions. According to a new survey from CareerBuilder, 21 percent of workers plan to leave their current employers in 2016, a 5-point increase since last year. That number almost doubles (39 percent) when looking solely at workers ages 18 to 34 – which is even more significant when you realize only 23 percent said the same last year.

As if it’s not enough of a blow to learn your employees are looking for new jobs behind your back, more than a third of them (34 percent) are doing so while at work.

Why the Urgency?
One of the reasons workers are feeling the lure of another job could be increased confidence in light of a stronger hiring environment. After all, hiring this past quarter was projected to be its most robust since 2006, according to another CareerBuilder survey, with 34 percent of employers planning to hire full-time, permanent staff between October and December.

The fact that workers are looking for new opportunities doesn’t necessarily mean they are dissatisfied in their jobs, however. According to Rosemary Haefner, chief human resources officer at CareerBuilder, they may just be ready for a change or in need of a new challenge.

“It’s critical to keep up with your employees’ needs and continue to challenge them with work they feel is meaningful,” Haefner said.

Holding On to Top Talent
If you’re worried about retaining workers in the coming year, there’s hope. The survey also offered insight into how employers could improve their employees’ work life and as a result, entice workers to stay. When asked if they could choose extra perks to make their workplace more satisfying, workers cited the following benefits:

  • Half-day Fridays: 38 percent
  • On-site fitness center: 23 percent
  • Daily catered lunches: 22 percent
  • Massages: 18 percent
  • Being allowed to wear jeans: 16 percent

While it may not be possible to offer daily catered lunches or massages on the reg, the lesson here is to listen to your employees. Are you checking in regularly to understand your workers’ wants and needs? Do you have an open door policy that makes it easy for employees to voice their concerns? Are you implementing change where it’s needed? Consider making a resolution to pay more attention to your employees this year. You may be surprised by what you learn. 

What Workers Are Looking For

If, on the other hand, your New Year’s resolution is to attract and hire more workers this year, the survey also asked workers what they want in a new job. While it’s easy to assume it takes a big paycheck to lure top talent, the following factors were considered more important than salary for workers considering a new position.

  • Job stability: 65 percent
  • Affordable benefits: 59 percent
  • Location: 56 percent
  • Good boss: 51 percent
  • Good work culture: 46 percent

Keep these benefits in mind when posting jobs or discussing new opportunities with potential employees.

  • Stress, for instance, your company’s strong culture and what makes it unique.
  • Be sure to highlight your benefits and why employees love working there.
  • If there are opportunities for career advancement and long-term potential, mention that as well.

The hiring environment can be competitive, so it’s important to know your strengths as a company when trying to attract in-demand candidates.