How to Survive The Great Resignation?

Would you believe it if we told you that a record 47 million people quit their jobs last year??

Here are some more stats on the great resignation:

• 4.5 million Americans quit their jobs in March 2022
• In Germany, 1/3rd of the firms are facing a shortage of skilled employees this year.
• Data from the OECD countries shows that more than 30 million people have not returned to work since the pandemic struck.
• In India, IT attrition rates have touched an all-time high of 23% this year.

So, what exactly is ‘The Great Resignation’?

Also known as the Great Reshuffle or the Big Quit, Great Resignation is an ongoing phenomenon/trend where employees around the world have resigned from their jobs because of the increased cost of living, concerts of the pandemic, remote working policies, etc.?

How to Survive the Great Resignation?

1. Redefine Employee Experience

People have had a lot of time to think during the pandemic, especially about work and exactly what they want from the work culture. So the chances are that for any open job, you are not just evaluating the candidates.

That’s why it’s crucial to create a great employee experience at every stage of the employee journey.

2. Stop, Breathe, Reflect

There will always be more to do, more challenges to face, tougher times to overcome. But take a moment to look back, to see all that you and your teams have done. You might be surprised by how far you have come.

3. Empower your Management

People don’t quit a company; they quit their boss. And it’s no wonder why. Managers embody the work culture, and they interact the most often with the staff. They also bridge the gap between staff and top leadership.?

4. Encourage Small Talk

Encourage small talk on Zoom calls or Slack channels. Start a meme channel or weekly challenge, or virtual happy hours. Because when you’re working 8+ hours in a day, small talks like “What TV series are you watching now?” and “What’s for dinner?” matter. Small talks help your teams build strong connections.?

5. Update your Roadmap

It’s time to look at your future plans and revamp them accordingly. This is a great chance to negotiate some long-term contracts, launch innovative deals or even negotiate better terms for the next quarter.

6. AMA Sessions, Baby!

High employee turnover can spark rumors and questions about how long the firm will last. Without open, honest communication, you could be at risk of a further quitting spree.

To fight misinformation, you can set up an open internal meeting every month along with an AMA session to clear doubts.? Wherever possible, lay down a plan for the coming month and clearly explain the next steps.

All of this churn means that there are a lot of talented people who aren’t working right now and are looking for something better.

Read more here - https://surveysparrow.com/blog/the-great-resignation/