The Great Resignation is here and it is here to stay.
For those who do not know, the Great Resignation is when a person leaves their job for another opportunity, but in a wave of many people doing this at the same time. The COVID-19 pandemic initiated this wave when companies laid off workers or transitioned out of their traditional working modality (largely in-person to remote settings). However, while many industries moved remotely, many others were relied on for in-person front line services such as retail, healthcare, and essential items like food and medicine. Employees paid close attention to the way their employers have been and continue to treat them during this time.
Now that the “end” of the pandemic is seemingly emerging, companies are asking employees to return to the office, and instead of doing so, employees are seeking employment opportunities elsewhere where they can be fully remote or hybrid, or have a better benefits package for those offices and industries fully onsite. There is no argument against the notion that working from home provides more comfort and flexibility than working in an office, so how are you enticing employees to remain loyally employed to your company no matter where you are asking them to work from right now or in the foreseeable future?
What Does the Great Resignation Mean for Your Business?
Not only is the Great Resignation still happening, but the current job market is a hot one making it enticing for employees to seek opportunities elsewhere. Employees are quitting their jobs left and right in search of greener pastures. This can be extremely costly for businesses, as it can take months or even years to find and train a new employee. And if everyone is seeking new opportunities no matter how long they have been in their current position, that means retention of getting employees to stay longer than a year is even harder than ever. So, let’s discuss some tips on how to retain talent during the Great Resignation.
First, what are the top three reasons people resign?
- Employees feel like they are not being paid what they are worth.
- People do not feel appreciated in their current position.
- Workers have been with the company for a long time and are looking for a change due to lack of upward mobility.
Establish a Positive and Effective Work Environment
It is important to keep your employees happy. This can be done by offering competitive salaries, flexible work hours, and a good work/life balance. You should also try to create a positive work environment where employees feel valued and appreciated. If your employees feel like they are stuck in a dead-end job, especially without a reward, they will be more likely to look for new opportunities.
In addition to showing people that they are valued for the work they do, another way to retain talent is to offer eLearning opportunities. Employees who are constantly learning new things are more likely to be engaged in their work. eLearning can also help employees stay up-to-date on new technologies and trends, which will give employees the opportunity to learn new skills and improve upon their current ones. Additionally, offering training via eLearning courses can help to make your company more attractive to potential employees. But you must act on that learning and development and provide employees with growth opportunities for upward advancement, too.
Learning Management System Can Benefit Your Business
Investing in a learning management system (LMS) is the simplest way to provide professional development in a seamless manner. An LMS can help to track employee progress and offer feedback on their performance. Additionally, an LMS can provide employees with the ability to access eLearning courses from anywhere in the world.
If you want to retain talent during the Great Resignation, it is important to keep your employees happy, listen to and act upon their needs, and offer learning opportunities. By doing so, you will create a positive work environment where employees feel valued and appreciated. Additionally, eLearning can help employees stay up-to-date on new technologies and trends, making your company more attractive to potential employees.
Udutu Can Help You Retain Your Talent!
Feel like you have tried everything and are still searching for optimal solutions? Look no further than Udutu! We offer a variety of eLearning solutions that can be tailored to your specific needs.
Contact us today to learn more about how we can help you!