Employee Retention Strategies
Here is a portion of an artcile written by Rebecca R. Hastings, SPHR that appeared on the SHRM.org website.
High morale may not correlate with retention, recent studies suggest.
Consider these seemingly contradictory results: Eighty-one percent of 443 U.S. based employees described morale at their organization as “very good” or “good” in a November 2012 Accountemps survey. In a Right Management survey of 760 employees in the U.S. and Canada, however, 86 percent of respondents said they “intend to actively seek a new position.”
The Right Management results are similar to findings released in 2011 and 2010. In 2009, by comparison, 60 percent of employees said they intended to seek a new position in the new year.
“The survey findings are a sign of considerable job dissatisfaction,” said Owen J. Sullivan, Right Management CEO and president of ManpowerGroup Specialty Brands, in a news statement. The threat of downsizing and the need to do more with less has increased employee stress levels, he noted.
“The levels of discontent we’re now finding have to be without precedent,” he said. “What we’re finding is what behavioral psychologists call ‘flight cognition’—a wish to depart a situation, not necessarily an indicator of actual employee turnover.”
“Nevertheless, when more than four out of five workers seem so unhappy it ought to concern top management,” Sullivan concluded.
Communication Is Key. Continued on SHRM website.
via High Morale Doesn’t Guarantee Retention.
