A lot of businesses think they know, but with resignations at 4.7% towards the end of 2021 – almost one in twenty employees – the highest since 2016 – are they taking necessary steps to understand their employees’ needs, wants and expectations? Or are companies letting valuable talent go, simply because they don’t know what will make them want to stay?What do your employees really want from work in a post Covid-19 landscape?
Straightforward resignations aren’t the only consideration. Businesses are also seeing an increase in requests to change department, downshift to different roles, take sabbaticals, work from home or reduce working hours. When those requests are denied, employees are taking their skills to more people-centric organisations that can offer them what they need, or walking away from their career entirely. The result is talent lost, often needlessly: thanks to employers not being able to see the ‘bigger picture’ and realise that employee drivers and commercial needs go hand in hand.
So how can you find out what is actually driving employee performance and satisfaction, to protect your business from The Great Resignation? The short answer is: ask.
But this isn’t just about having more 1:1s. It’s about enabling each employee to identify and share what motivates them through open, honest conversation – and taking action to facilitate, track and measure it. These drivers could well include money, and progression at work but increasingly embrace health and fitness or time with family and friends, as well as fulfilment at work or a sense of belonging. But they will be different for every employee – and it’s by recognising this difference that businesses will not only retain their talent but enable high performance across their team.
By facilitating these conversations, OpenBlend enables its customers – including Gymshark and M&C Saatchi – to understand and manage their employees’ individual drivers and motivations, retain their talent, and get the best out of every employee. To discover more about the OpenBlend approach to employee motivation and performance download our guide to employee motivation.