Most employers are anxious about the mass exodus happening from today’s workplaces. Widespread conjecture about what’s behind “the Great Resignation” ranges from people wanting more work flexibility and higher-paying jobs to simply being utterly exhausted from pandemic burnout. According to the U.S. Bureau of Labor Statistics, more than 15 million people quit their jobs since April in the U.S. alone. Microsoft’s recent research suggests that 41% of workers across the world are thinking about quitting their jobs.
That means 59% of workers aren’t thinking about quitting. What can we learn from the organizations that are retaining their employees in this environment?
I recently spoke with six human resource executives from companies reporting that their organizations are not experiencing higher-than-normal attrition. I wanted to find out if there were any common patterns that shed light on what it really takes to retain talent in such a volatile time. Among the many insightful perspectives I heard, three practices appeared to be universal across these companies.
