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Rethinking Employee Retention

The past two years have been challenging for business leaders, and if forecasts are correct, its not about to get any easier. The Great Resignation is still underway, and it seems to be gaining momentum.

Published Fri Jul 08 2022

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The past two years have been challenging for business leaders, and if forecasts are correct, it’s not about to get any easier. The Great Resignation is still underway, and it seems to be gaining momentum. According to Gartner, the pace of turnover is expected to be 50 to 75 percent higher than previously experienced, and it’s taking organizations 18 percent longer to fill roles than it did before the global health crisis. Retention is more critical now than ever, and rethinking methods to increase it is crucial. Start by shifting the ways you converse with employees about their professional trajectories. Instead of rushed conversations about promotion paths, talk about progression. Give employees the space to be inquisitive about where their career could take them, and demonstrate how your organization can help them progress. During these conversations, focus primarily on an employee’s strengths. Help them understand the value not only in what they’re doing but how they’re doing it. Then, connect those strengths to other opportunities within your organization.

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