Vaccination Decisions Will Impact Turnover
The heat is on for companies of all sizes to declare if they will require their employees to be vaccinated against COVID-19…risking that those refusing employees could lose their jobs.
The heat is on for companies of all sizes to declare if they will require their employees to be vaccinated against COVID-19…risking that those refusing employees could lose their jobs.
I’m a workaholic…meaning I study work…so come join me if reservation wage is a new term for you. It’s new to me, too.
I wrote here a few weeks ago that exit interviews were the same as toe tags, that whereas autopsies tell reasons why an event happened that exit interviews don’t give us a reason why because of many reasons…including employees don’t tell the truth.
Consider “too many openings”, “too few candidates”, or perhaps “applicants too picky”…but the best description I heard came from a CEO of a manufacturing company who said this about today’s recruiting: Doom Loop…defined by Jim Collins in Good to Great as “a painful cycle of decline”.
If I asked SHRM why engagement and retention are not on their list, I suspect they would tell me the primary tools for engagement and retention are surveys and SHRM has stayed away from the survey business.
Exit interviews have the appearance of leading to a solution because logically if we know why employees leave and we can fix that, then we can cut turnover and employees will stay. That logic breaks down, though, in practice.
I’ve read over a hundred surveys on this subject and promise to not quote any of them because so much of the data is in conflict. Times change, moods change, and one day employees like working from home while managers don’t…and then the opposite becomes true.
Let’s be direct. U.S workers are quitters. And a recent experience put that into full perspective when a client company executive said, “Let’s just work on cutting turnover in the U.S. Our Canadian plants always have low turnover”. Other executives have said similar things over the years so this time I looked it up.
An HR executive just told me his company raised their starting pay for all jobs because their main plant was surrounded by Amazon sites. That sentence is pretty standard.
Let’s start with the common belief that workers are collecting unemployment, waiting until September, and are receiving more than they were earning in their prior jobs. “Not so fast, my friend” is one college football commentator’s catchphrase for disagreeing with his Saturday morning colleagues…