It may be the holiday season, but wake up and smell the pine-scented candles, we have a huge problem on our hands. A Right Management survey of nearly 900 workers found that 83 percent of respondents intend to seek out new positions in 2014. Yes, you read that right - a whopping 83 percent!
If that wasn't bad enough, only 5 percent said they plan on staying in their current place of work for the next year. So what about the remaining 12 percent of people? Well they've updated their resumes and are networking, but aren't sure if they're going to pursue new opportunities next year.
But what does all this mean for you? It means that you better get your act together even if you think it's already in tip-top shape. Here's what it's going to take to prevent yourself from scrambling to fill a whole bunch of vacated positions:
1. Make an effort to acknowledge your team
No, you're not there to babysit your employees and give them a gold star every time they do something right. But more than just being a nice gesture, even the smallest of affirmations can keep your employees encouraged and enjoying their job. So make an effort to say "hey, great job on this."
2. Show them that their voice matters
Don't just say you care about their input, actually take it into consideration when making decisions that affect your employees. Whether it's something as small as offering the option to work a half day the day before Thanksgiving or as significant as restructuring your bonus program, don't just brush off their suggestions and opinions, actually take the time to consider it.
3. Give your employees something to look forward to
No one wants to come in to work day after day without ever having the opportunity for promotion. Now this is not to say that you should give your employees false hope, but keeping them in the loop as to what the future may hold tends to be very encouraging for employees. The very least you can do is hold quarterly or annual performance reviews. This helps show your employee where they excel as well as the areas in which they need to improve.
Let's recap. What are you going to do before the end of the year? Oh, that's right - do what it takes to improve your employees' satisfaction with the company.
Whenever your company experiences turnover or not, chances are you're going to be hiring in the next year anyway. So here's a few tips to get you started...