Invest in Employee Engagement
Mike Kaeding
Real Estate CEO. Solving the US housing affordability crisis with @Norhart. We design, build, and rent apartments in MN. BSc. Computer Science. Workaholic, passionate. Husband & Dad. YPO member.
Company turnover is inevitable.
In fact, according to the Bureau of Labor Statistics, the median number of years a person stays with a company is 4.2. Now, to be fair, there are a multitude of factors (industry, age, education, etc.) that play a role in an employee’s tenure.
Whether the turnover is voluntary (quit) or involuntary (let go), it’s an element of change that affects the bottom line. Rather than accepting it for what it is, identifying what those reasons are for people to leave, or stay, is important in any organization.
At our company, we’re holding multiple small meetings with groups of employees to discuss employee engagement. The question we’re asking is, how can we help you? What would make you more engaged in your work? Or, what would make you want to refer your friends and family to work here?
These aren’t their specific responses, but a few reasons for turnover might include: career advancement, work-life balance, boredom, compensation, appreciation, amount of work, type of work, company culture, manager behavior and coworker relationships.
As you can see, there’s not one key issue for employees to consider leaving, and whatever the issue is, it’s likely being experienced by someone else.
This is why it’s vital for organizations to be proactive, to invest in their workers, to create reasons to stay while they are there, rather than at an exit interview.
It’s not a simple task and neither are the solutions to the problems, but it starts with investing – investing in the employees, like organizations would their company.
Create a workplace that people want to work for.
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5 年I don’t know anyone else’s viewpoint , but just the experience I know of myself. Words matter There is much discussion and centering on the word engagement. But is that the right focal point ? Not for me. I have to find the real problem needing a course correction, and it is from here. TRUST. If I personally have to go look at that stuff within myself and claim, doesn’t look and smell so nice anymore. But it is my conviction that somewhere,some how trust has been breached ,and the outward appearance we call disengagement. Three scenarios , I’ve breached trust with you , you have breached trust with me, or I have done so with myself. Then it’s preservation mode we go into.
Vice President, Corporate HR and People Strategy at KinderCare Education
5 年Love how this is written.
General Manager Shared Services
5 年, ??????
Team Manager Lending Solutions at St George Bank
5 年So True.. create a great experience for your team so they may build a great experience for your customers.
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5 年Absolutely !..