According to the National Education Association, a full 600,000 teachers have already left teaching since January 2020, and a recent NEA poll indicated 55% more will quit prematurely. So, teachers are fast becoming a very talented recruiting pool.
Those who have recently immigrated are working, as their workforce participation rate…the percent who hold jobs or are actively looking for jobs…is 67% compared to the overall US average of 62%. So as immigrants continue to strengthen our economy, we have far too much anti-immigration sentiment at our nation’s core, and those feelings must be addressed if we are to attract the best of the best to our country.
Data shows a four-day workweek is popular with employees. On the company side, data suggests work satisfaction and productivity are up, recruiting is easier…and employee turnover is down. And during these days workforce shortages, every company is seeking a recruiting edge. Could this be “it”?
At SHRM Talent Conference 2024 I asked the room this question: Who here has ever heard of one manager getting fired for a low employee engagement survey score? Please raise your hand if you can think of even just one. The only sound was the 400-plus attendees turning in their seats to see if anyone raised their hands. There were no hands up.
Those who experience their work as a calling are most likely to feel a deep alignment between their vocation and who they are as a person. However, they are also most likely to act faster to leave than other employees when they have mistrust of management because they bring high degrees of expectations that escalates frustration quicker when stifled by a poor boss. What to do?
Who is taking the lead to initiate reporting and accountability for nursing home employee turnover? Our U.S. government. Imagine what we could learn if all healthcare companies reported turnover data.
Engagement surveys are targeted toward generating company-wide programs, exit interviews aren’t valid data because employees don’t tell the truth, and CEOs want turnover percentage benchmarks instead of cost. Even together, the data from these three common tools give you absolutely no viable pathway to cut turnover.
As important as engagement is, what do you think provides the best data? A one-day snapshot survey or a regularly scheduled one-on-one manager to employee conversation. To truly know how our employees feel about their jobs every day, we know conducting Stay Interviews are the best way to ask, listen, probe, and respond to individual problems and needs. That’s how to truly gauge employee engagement and improve employee retention.
This is a startling statement from the normally conservative Wall Street Journal. The pandemic has been the universal game-changer such that American’s work habits and work values changed in ways comparable to having experienced a war.
A recent Harvard Business Review article provided convincing data that top performers are the first to quit when new hires are getting paid more than they are. Overall salaries are projected to increase another 4% this year, causing even more salary compression. And importantly, the increase in online-everything makes it far easier for employees to know how much peer employees are getting paid…especially new hires whose pay is blasted across Indeed and other hiring sources. So yes, everyone knows.