According to the 2009 Employment Dynamics and Growth Expectations Report, 55% of employees plan to change jobs, careers or industries “when the economy recovers.”
That's an alarming statistic and one that all workplace leaders should take to heart.
Leigh Branham, founder and CEO of the Overland Park, KS company Keeping The People, says employees leave for seven main reasons, and money isn't among the seven.
Instead, workers leave because:
- The job or workplace was not as expected
- Mismatch between job and person
- Too little coaching and feedback
- Too few growth and advancement opportunities
- Feeling devalued and unrecognized
- Stress from overwork and work-life balance
- Loss of trust and confidence in senior leaders
Fortunately, even now when budgets are tight, workloads are hefty, and companies have depressed top and bottom lines, you, as a leader, can at a minimum address reasons #3, #5 and #7 without spending money.
If you tackle those you can likely reduce the number of employees who head through the exit door in 2010.
