Since the outbreak of the Covid-19 pandemic, the U.S Bureau of Labor Statistics indicates that over 47 million people in the United States have voluntarily quit jobs. This phenomenon has been labeled the Great Resignation.
Another survey found that most people who quit their jobs in 2021 did so because of low pay (63%), lack of opportunities for advancement (63%), and feeling disrespected at work (57%). At least a third of those who left say that each of these was a major reason.
So, you may be looking for strategies to reduce your company’s attrition rate and keep your best employees.
In today’s world of job-hopping and freelancing, it’s not easy to keep employees on board, but that doesn’t mean you shouldn’t put in any effort.
If you’re looking to successfully get through the Great Resignation, here are some strategies you may consider implementing:
- Why employee retention is difficult during the Great Resignation
- The strategies you need to retain employees
- Benefits of catering to employees
- Employee retention strategies: Final thoughts