I am still remaining optimistic that 2010 will be the year we start to recover from this sluggish economy and that business will be improving throughout the year. Yet managing the recovery for most managers seems to be how to adjust to an increase in work flow and get more out of the remaining workers. Although that is certainly a proper focus, I wonder how best that can be accomplished if your staff starts to turnover at the same time?
I’ve read too many workplace reports the past few months that talk a lot about how over 50% of our workforce has been putting up with the conditions of their employment, waiting for the economy to pickup and then they will seek a new job. One survey was bold enough to state that 80% of workers are cocooning in their current jobs and will be open to new places to work when things pick up. So half of the workforce is ready to jump, and over three fourths are willing to move for the right opportunity.
The normal churning that takes place with people looking for new jobs has been slowed because of fewer opportunities. Yet, could this really be the only reason that so many workers are ready to leave their employers when things get better?
Companies that have spent the last year developing the employer-employee relationship will see less turn over. These are the companies that have been using the “slow time” to build skills, and train their employees. They have managers spending time coaching employees, recognizing achievements and celebrating successes. These companies have continued to focus on their greatest assets beyond talking the talk.
The companies that have been ignoring their employees, and allowing their work environments to deteriorate, will have a much harder time managing the recovery because they will not have the experienced staff to assist them. They will be spending countless hours interviewing and retraining new people.
So what kind of year will it be at your company? More of the same old same old; or will you start managing differently now to make managing the economical recovery less complicated?