Is Your Best Employee Currently Interviewing Elsewhere?
The global pandemic created an employment market where people stayed put “sheltering in job” to wait out the unknown. Now that lockdowns and quarantines have lifted, the economy is reopening and racing toward digitalization and one-of-a-kind online innovations. We are seeing a massive demand for highly skilled talent, particularly in accounting, finance, data analytics, and system implementation/optimization.
As an organization’s high demand for work output grows faster than the existing staff can produce, your teams can become overburdened, resentful, and the work/life balance that organizations have worked so hard to cultivate is suffering. Professionals once paralyzed by uncertainty are eager to explore new career opportunities and work cultures. This atmosphere is ripe for unexpected resignations.
We want to help our clients avoid the stress and cost that comes with employee attrition, caused by burnout, a lack of appreciation and support, and post-pandemic changes.
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Avoid Burnout
Burnout can have a negative impact on your employees’ overall well-being, and relationships, affecting their work performance and career advancement. Unfortunately, burnout does not show up until it has already begun to wreak havoc on the effectiveness of your organization. If you are not sure how your team is handling the high demands of their workload, or if you’re wondering why your employees aren’t working as hard as they used to, it could be a sign that employee engagement is dwindling, and burnout is on the horizon. Now is the time to act.
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Demonstrate Appreciation and Support
Sixty-six percent of employees say they will leave their job if they no longer feel appreciated or supported at work. Though it is considered a soft concept in human resource management, showing support and appreciation is one critical aspect of leadership and management that has a significant impact on your team morale. It is critical that your employees feel valued and receive the appreciation and support they require, as this increases the likelihood of employee retention and organizational success.
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Provide Needed Resources
In the quest to support your team consider what additional resources would help them balance their workload and meet organizational goals. Technology tools and interim project professionals are immediate and meaningful resources for high pain points. Sometimes the most impactful resource can be free. In a recent study, Salesforce Research surveyed over 1,500 business professionals on values-driven leadership and workplace equality. Among other findings, they discovered that when an employee feels heard, that person is 4.6 times more likely to feel empowered to perform to the best of their abilities.
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Post-Pandemic Office Changes
Two of the most common employment trends that will impact the future of work are flexible work arrangements and remote work. Employees have realized it is now easier to find a remote job that can easily provide for their needs while being in the comfort of their homes now that companies around the world are exploring and offering remote work options.
Retain your best employees and ensure your company’s productivity. Keeping your team’s morale high saves your organization the exorbitant cost of attrition, which can range from 100 to 150 percent of the lost professional’s salary in hard and soft costs.
The good news is that post-pandemic work has demonstrated that problems can be avoided with real solutions. Hold on to your best employees by partnering with the best resources. With the help of our interim professionals, we at Sirius Solutions can assist your team in maintaining work/life balance while meeting deadlines and increasing productivity, thereby creating an even stronger business built on the foundation of trust and collaboration that you have ingrained in your corporate culture.
Kristin Lindquist, Senior Director – Sirius Solutions
If you would like further information about how we can help with your Interim Support or Contingency Staffing needs, please complete the form below.
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