How to Mitigate the Great Resignation and Reduce Turnover

Published on 27 April 2023 at 15:59

I've seen a lot of great workers come and go at jobs I've worked at. Some made my job and my overall experience at work much more bearable and I hated to see them go. Management seemed content with a revolving door of workers and letting the very best of them walk out. Some left for more ambitious reasons, some left because the work was less than engaging and it always left the dedicated core employees to pick up the slack and increased stress on the workforce. I've assembled some actionable advice to business leaders below to help slow down this so-called great resignation.

Care for your employees like gold because they are.

Understand where your employees want to go and help them get there.

Identify individual goals. Are they content with their job in your company? Would they prefer to work in other areas of the company? Finance? Human Resources? Management? Even if their goals for the future aren't aligned with your companies current needs, it is in your best interest to invest in your employees and create relationships that could be meaningful in the future.

Create a plan to help them achieve their goals. Identify setbacks of their success. If your company offers tuition assistance, make it well known.

We should also make offering childcare assistance to working parents a priority. Childcare is expensive and can keep talented people at home caring for their children. Of the Fortune 100 companies, 17 have an on-site childcare system. However, many companies only have these facilities at company headquarters, leaving the workers who need it the most at odds.

Allow your employees to see that they are part of something bigger. Be transparent with your company goals and create individual goals for your team. I’ve worked in companies that seem to create numbers out of thin air and then change the goalpost from week to week without explanation or reason.

Display purposeful and meaningful artwork in your facility. A study by Exeter University's School of Psychology revealed that art in the workplace helps reduce stress, increase creativity, and helps encourage the expression of opinions. The study showed that 92% of female and 71% of male respondents agreed that art affects their general well-being in the workplace.

These are just a few observations I have made in the last decade. We should invest in the future of our companies and our employees future. Just a little mindfulness and understanding can go a long way in shaping company culture and retaining your best employees.

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