As we are in a time of high employment, it is more critical than ever to retain your employees. Hiring people is expensive. It takes time and costs money to post jobs, perform multiple interviews, maybe do personality assessments, do background checks, etc. You want to KEEP the people you hire. And in order to keep your people, you need to engage them.
One-third of executives fear low employee engagement will lead to a loss of talent. For us, the most telling part of this article is "While 38% of chief executives and directors felt levels of trust in their companies were high and staff were engaged, only 16% of managers felt the same way". Mid-level managers need to put their ear to the ground and understand what their people are saying and thinking and make sure the right message is getting out. As the economy improves, there will be more and more jobs opening up and people will feel more free to explore opportunities. Businesses who have taken advantage of the economic downturn unfairly will find themselves with a high attrition rate, but it's not too late to turn the ship around. Take action today!