I meet people from all kinds of industries, many of which have very specific challenges based on their business type. But sometimes I come across an issue that is universally impacting businesses and organizations regardless of their industry.
The rise of job hopping and the challenge of employee retention is one such dilemma.
As you’ve likely experienced yourself, more professionals are leaving for greener pastures at an increasingly high rate. This is especially true of the Millennial generation.
Consider this article that says:
The new normal is for Millennials to jump jobs four times in their first decade out of college. That’s nearly double the bouncing around the generation before them did.
So, is it possible to hold on to employees considering how many people hop from job to job?
Inc. recently published an article that gives managers/owners advice on this very topic.
Some of their tips include:
- Broaden how you address and define talent.
- Think career lattice – not career ladder.
- Recognize the opportunities hidden in plain sight.
I recommend you read the whole article for more insight.
But in the end, what all this means is that leaders need to be willing to change with the times. Change is hard, but if you want to keep good employees, your reward structure and workplace culture may need to evolve.