If you want people to stay, you need to care about them.
As I shared last week, the verdict is out in Canada if we’re seeing “The Great Resignation” in the same volume as in the US. We are seeing tremendous turnover, stress, and uncertainty.
Here is my prediction:
- Great companies and leaders will rise to the current challenges and shine as the people-centric cultures they are, attracting the best and engaging with zest.
- Curious companies and leaders will use these challenges as leverage to finally reassess their people strategy, moving it to the top of the list (like many have wanted to, but the other biz drivers trumped). Course-correcting retention issues will become a strategic focus.
- Rigid companies and leaders will get stuck, apathetic that nothing can be done, ineffective people practices will go unchecked, and innovative industry people practices will be ignored.
This is not to shame, blame or criticize anyone.
We’re all doing the best we can.
The reality is, the changes in our workforce are here to stay. Employee expectations are higher, choices are greater, and there isn’t a single business that could survive without great people. We need to wrestle with the current challenges as if they were here to stay (because they are)
Before you go, though, here’s some hope…
The very first, easiest and least resource-intensive step: recognize the people you already have. Now. What have you got to lose? (Oh, that’s right: great people. So worth every bit of effort, right?)
Check out the McKinsey & Company trends for a deep dive into this business crisis.
These other resources are available to help you create a plan to retain your best and brightest:
- The Great Resignation: The Devastating Trend of People Leaving (and Maybe Never Coming Back)
- The Great Resignation: Trend or Not, Why Turnover Still Needs Our Attention
- Remote Work: Why We Can’t Rule it Out to Retain the Best
Learn more by clicking on the image.
Let’s create a plan to battle it together and have a quick chat about it.