It’s no secret that the recent economic downturn has thrown fear into the hearts of many employees and forced most to hold tight to their jobs – like them or not.
However….a recent survey by job placement firm Manpower, states that 84% of employees plan to look for a new position this year! That is up from 60% in 2010.
Those dissatisfied with a company’s policies, offerings or management philosophies are apt to quickly explore better opportunities and greener pastures!
While it might be tempting, this is certainly not the time to decrease benefits or place more financial strains on employees.
What earns employee loyalty? Some insist it’s all about salary, but somewhat surprisingly, the small things are what seem to count.
Perks relating to food (gourmet coffee, subsidized beverages and celebratory free lunches) were ranked highly by those participating in a poll. Free parking and designated special parking were also mentioned and favored particularly by those who are, by their own admission, cheap, egocentric, at least somewhat flamboyant, and status seeking. In contrast, more reserved respondents cited intellectual challenges and chances to broaden their areas of expertise as the most attractive work-related benefits.
Clear communication and frequent brainstorming sessions appeal especially to those who work by the book and appreciate managerial input. When one colleague openly admitted to leaving his last job mainly because he was forced too often to fend for himself, his sales partner seemed stunned. “I left a company for the exact opposite reason! ‘ Couldn’t stand the micro-management!”
Everyone’s needs, expectations and loyalty building blocks are different.
You and your employees have been riding out one of the worst economic storms seen in recent history, yet new opportunities are within reach, better days lie ahead. Don’t shortchange your team now! Use an Omnia® Retention Profile to uncover each of their unique motivators. It’s only with a satisfied, experienced and loyal staff at your command that the expectations of future unprecedented success can become a reality.