More than 25 million people quit their jobs in the second half of 2021. The so-called “Great Resignation” is in full force. And quitting begets more quitting — so much so that The New York Times coined a new term for it: quitagion.
How Teams Are Retaining Employees Right Now
In the face of the Great Resignation, companies must invest in building strong relationships — or risk losing their best people.
April 01, 2022
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Summary.
Why are so many people quitting their jobs? According to a recent McKinsey report, employers believe that it is a problem with compensation or work-life balance. But the employees who are quitting tell a different story. Their main reasons for quitting are 1) not feeling valued and 2) not feeling a sense of belonging. And yet during the pandemic, the most productive companies actually broke this trend and improved employee job satisfaction by 48%. What do these successful organizations have in common? They practice five principles, illustrated in this article, that help their teams connect and thrive. As we reimagine work in the post-pandemic era, consider how these principles can help you create a sense of belonging on your team and show team members that they are indeed valued. Teams that deliberately practice these principles not only endure, but grow through challenge. These are the teams that people yearn to be part of. Build these teams, and their members won’t want to leave.