The Great Resignation: How to Make It Work for Your Company
I’m sure you’ve heard about The Great Resignation. It’s not a topic that businesses can get away from right now. In 2021, as the COVID-19 pandemic continued to impact businesses, employees began leaving their companies. The exodus [EF1] was led primarily by women, mid-level employees, tech and healthcare workers, and the service sector. Some cited career satisfaction, while others were looking for better safety protocols. Experts suggest we will continue to see the fall-out from the pandemic in the workplace through this year and beyond, so it’s helpful to understand how you may be affected by The Great Resignation. More importantly, how can you make it work for your company?
How to Spot Talent with Transferable Skills
One of the critical factors of The Great Resignation is that many employees who have otherwise felt underappreciated on the job are taking this opportunity to consider other career options. For example, service industry workers are leaving jobs in restaurants due to low pay and increased exposure to COVID-19.
You may not make the immediate connection between service industry employees and your workplace, but there are transferable skills between lots of positions. Someone who has worked in a customer-facing server position has the problem-solving skills, interpersonal communication skills, and customer service skills to succeed in other types of office positions. Specific duties can be taught, but that spark of aptitude can make all the difference.
Update Company Culture to Attract Talent
A big driver in The Great Resignation is dissatisfaction with employer culture. For example, companies without clear diversity, inclusion, and equity initiatives might see BIPOC employees leave for environments with better growth opportunities.
Your company culture and employer brand may be the best tool in your toolbox for attracting and retaining new employees. Reevaluate everything from your salary offerings to work/life balance to create an environment where people are excited to work.
Increasing Employee Engagement and Satisfaction
Similarly, employee engagement is at the top of the list for many departing workers looking for new opportunities. Not only do they want to feel more appreciated, but they also want to know that their employment is an investment in the future of the company. Offering long-term training and career development opportunities can open doors.
For example, companies hiring outside talent for higher-level positions will begin to see more attrition in entry-level jobs. Why? Because those employees feel like they deserve an opportunity to expand their skill set and advance in the company. Without that, they’re willing to look elsewhere. Offering upskilling or reskilling can give your company an advantage.
Partnering with a Recruitment Firm
If you’re unsure where to start, the best call you can make is to a recruitment firm specializing in placements in your industry. Just like you’re an expert in your field, recruiters are experts at sourcing and placing top talent in companies just like yours.
Do you want to hire top leaders for your company? Sigred Solutions is your recruitment partner. We connect great employers with amazing talent and stay to support your success. Call us to learn more today.