Power to the People | How to retain your employees in the era of the Great Resignation

The Great Res­ig­na­tion is upon us, and it’s unlike­ly that any organ­i­sa­tion will come out the oth­er end com­plete­ly unscathed.

As peo­ple every­where begin to gain more con­fi­dence in a sta­bi­liz­ing job mar­ket, res­ig­na­tion notices are begin­ning to flood employer’s inbox­es. Our recent research indi­cat­ed that as many as 50% of peo­ple are cur­rent­ly con­sid­er­ing look­ing for a new job, and with job vacan­cies reach­ing a 20-year high, this is now start­ing to trans­late into move­ment in the mar­ket. So if you’re find­ing that ris­ing attri­tion is creep­ing up your pri­or­i­ty list, you’re not alone!

Whilst there are a num­ber of mar­ket forces dri­ving this, chief amongst this has been the fun­da­men­tal shift in employ­ee expe­ri­ence that many of us have been through, and the many and var­ied approach­es to hybrid work­ing now being unveiled. We know from our own research that employ­ees vary great­ly in terms of what they believe the best remote/office work­ing bal­ance is, and strik­ing this bal­ance in pol­i­cy terms is real­ly difficult.

The solu­tion to this (and we believe the secret tool in the reten­tion race) is empow­er­ment. Cre­at­ing an organ­i­sa­tion­al cul­ture where indi­vid­u­als are empow­ered to deliv­er out­comes by doing tasks wher­ev­er and when­ev­er will deliv­er the best out­come. We believe that employ­ers who can achieve this stand to be well posi­tioned to prof­it from improved pro­duc­tiv­i­ty and retention.