Three Tips to Retain Employees During the Great Resignation

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The Great Resignation, beginning in 2021, made one thing clear. There is a growing disparity between the job environment employees want and the one their company offers.


Companies that have not invested in human capital are at risk that their employees will seek out other employers who value and invest in their skills and capabilities.


What is human capital?

Human capital includes values such as the skills, education, and knowledge each employee brings to an organization.


So other than wages and health benefits, how can employers keep employees from jumping ship?


Try these actions to give people a reason to stay…


1. Invest in learning

According to LinkedIn’s 2021 Workplace Learning Report, 94 percent of employees say that they would stay at a company longer if it simply invested in skills training. It is crucial that an organization invests in its employees. This empowers them with knowledge and confidence to achieve organizational goals.


2. Provide work-life balance

Improving work-life balance such as remote or flexible options and time off can be more important than higher wages in retaining employees. In fact, it would take an extra $10,000 in pay per year for employees to give up their personal time, according to a survey of U.S. workers by career site Joblist.


3. Invest in employee input

Not sure why employees are disengaged and leaving? Just ask! Studies show one of the main reasons employees don’t take more initiative at work is that their leaders fail to get their input before making decisions. Engaging in employee input can lead to innovation, employee empowerment, and increased retention.



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