It's a hot labor market right now, and leaders in all industries are struggling to recruit. This could be bad news, even if you're not actively hiring. A competitive labor market means that employers will go to extreme measures to headhunt the best people—including the people on your team.
On an average working day in America, only one in three employees are fully engaged with their job. That's according to the latest data from Gallup, which shows that average engagement spiked during the pandemic, but is now back at normal levels. And, in most offices, normal is bad.
Keeping hold of your best staff has always been a challenge. Experienced managers have a whole toolkit of techniques they use to identify retention risks and minimize staff turnover rates. But those techniques often involve face-to-face contact with the team. What happens when you’re trying to manage a group of remote workers?
Human resources professionals are the beating heart of every business. The right human resources team can help promote a positive culture, make employees feel valued, and extinguish conflict in the workplace. But, when things aren’t going well in your HR department, you could start to see problems across the entire organization.
As the world starts to think about life after the pandemic, leaders now face a new crisis, known as The Great Resignation. Quit rates are surging in most industries as people walk away from their old routines to seek out new opportunities and a better work-life balance. If you’re worried that your best talent might be about to join this mass walk-out, then it’s time to deploy an underused staff retention technique: the stay interview.
A recent study by the software company Sage found that 81% of executives said that HR-related tech played a vital role in their Covid response. Meanwhile, 83% of HR leaders said that technology helped them become more responsive and flexible during a time of changing needs.