Are You Concerned With Retaining Talent In An Economy With 4.6 Unemployment?

It’s called many things, “The Great Resignation,” Pandemic Burnout, and other terms. The reality is as the country moves fast towards full employment; companies face a bigger challenge retaining their best talent.

 According to Fortune Magazine, research has shown that people tend to quit their jobs after experiencing a “turnover shock”: a life event that precipitates self-reflection about one’s job satisfaction. Shocks can be positive, like grad school acceptance or a new baby, or negative, like a divorce or sick relative. Or they can be global catastrophes like COVID-19 that upend every aspect of daily life.
For years exiting employees have been surveyed about why they chose to leave and the numbers are staggering related to their bosses being the cause. Has the pandemic made other issues relevant? Certainly, but if leadership is strong, seducing an employee away becomes significantly more difficult.

At the Metiss Group, we’ve discovered that a lack of Leadership Development within a company contributes to job dissatisfaction. Consistently these 7 things come up, in no particular order:

  1. Job not as expected
  2. Job doesn’t fit talents and interests
  3. No hope for career growth
  4. Little or no feedback/coaching
  5. Feel devalued and unrecognized
  6. Feel overworked and stressed out
  7. Lack of trust or confidence in leaders

Some of these are a result of a poor selection process; some are a result of poor leadership acceleration processes. If losing exceptional talent in this unusual time is a concern, We invite you to visit the Leadership & Development page on our Website.

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