‘Great Attrition’ or ‘Great Attraction’? The choice is yours. - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 8 ideas

‘Great Attrition’ or ‘Great Attraction’? The choice is yours.

mckinsey.com

Why employees are quitting

A record number of employees are quitting or thinking about it, disrupting businesses everywhere.

Companies don't know how to address the problem because they don't really understand why their employees are leaving in the first place. Instead of taking the time to find out ...

6

STASHED IN:

16

Companies put their businesses at risk by not understanding what their employees are running from and what they might gravitate to. Many employers also fail to invest in a more fulfilling employee experience and fail to allow for autonomy and flexibility ...

5

STASHED IN:

14

The Great Attrition will probably continue

Executives are misguided if they think employee attrition is easing or limited to specific industries. Surveys across five countries (Australia, Canada, Singapore, the United Kingdom, and the United States), show that over 40 % of workers are likely to quit in the next three to six months...

2

STASHED IN:

14

To reduce the prevailing trend, senior executives should understand why employees are leaving.

  • Executives cited compensation, work-life balance, and poor physical and emotional health as the reasons why their people had quit. 

5

STASHED IN:

16

The pandemic has irrevocably changed what people expect from work. Heavy-handed office policies are likely to backfire. The best move for a CEO is to pause and consider the next actions together with their employees.

Consider the following questions:

  • Do we shelter toxic l...

2

STASHED IN:

15

Free parking or entertainment-related perks are not of concern to employees right now.

A survey among respondents who had left their jobs showed 45% needed to take the care of their family into consideration. Expanding childcare, nursing services, or other family-focused be...

3

STASHED IN:

14

Employees seek jobs with better, stronger career trajectories. They need recognition and development.

Smart companies reward and recognise people for good work by promoting them into new roles and additional levels within their existing ones.

4

STASHED IN:

14

Remote work is not ideal, but neither is a full on-site return. Employees' needs and expectations have changed, and it will require considerable management attention to encourage connectivity.

For example, one organisation encouraged connectivity among employees by offering...

2

STASHED IN:

14

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: