How Companies Retain Employees During The Great Resignation

Companies are trying to identify ways to turn the Great Resignation into the Great Retention, and the best way to do this is creating a more inclusive environment.

Research from the Office for National Statistics (ONS) in the UK shows that there were nearly 1.2 million job vacancies during August to October of 2021.

The pandemic’s impact has led to more than just job loss — the Great Resignation comes as a result of employees seeking better opportunities.

Advertisements

Workspace Geek - Coworking Software Simplified

Now, companies are scrambling to identify how to retain employees and adapt to the future of work.

Professionals have had their own Great Awakening throughout the last two years, with research showing that one-quarter of workers feel like they don’t belong at work.

Advertisements

Alliance Virtual Offices - Automate Revenue Ops

As opposed to going through the motions of everyday work life, employees now want a job that is fulfilling and nurtures their wellbeing.

In fact, a survey from Culture Shift shows that 58% of Black, Asian, and minority ethnic (BAME) respondents said their employer could have more influence in terms of diversity and racial discrimination.

These many findings indicate one glaring necessity in the future of work: employers need to do more.

Research of 1,600 teams from BetterUp found that if employees perceive their managers as having low emotional regulation, performance can drop 20% across the entire team.

Advertisements

Simultaneously, BetterUp research revealed that UK members that experienced inclusive communication felt more connected to their team, a greater sense of belonging, and that their organization cared about their wellbeing.

Advertisements