Many rethink and evaluate their career path to suit their lifestyle. As a result, around 4.3 million Americans resigned last August; it’s the highest record we’ve ever seen.
The modern employee has been privileged to decide on their preferred working environment. Some choose to work at the physical office, while others prefer flexibility over any other perks.
A cultural shift has stunned many CEOs when employees agree on “pay cuts” to work remotely. The feeling that employees have too many personal things to do and not enough time to do it all added to the thought. Most employees willingly set aside their career plans to give more time for their personal lives outside of work.
Hence, business leaders are trying to develop retention strategies to satisfy their employees’ needs. Many have diversified and allowed flexible hours at work. Some even expanded vacation leaves and paid time offs.
However, are these policy reforms enough to gain loyalty and uphold the well-being of a staff?
These great retention strategies can overcome the “Big Quit” to make valuable employees stay longer.
Great Work Perks and Wellness
Employees have their unique needs. Human connection is what can potentially make them stay in an organization. Consider organizing a pizza or potluck party every Friday or inviting their families to fun-filled activities every quarter. How about throwing a free spa voucher for the month’s birthday celebrants? There are many ideas around to perk up a team. Don’t hold back and explore what works best for your own organization.
Manage to Nurture
The finest managers work as mentors for their staff, focusing on getting the best out of their talents. They are upbeat, aggressive, acknowledge the worth of their employees, and provide inspirational feedback. This strategy builds mutual trust, making managers and employees feel that they’re on the same team.
Moreover, effective management nurtures employees’ potential to become future leaders by regularly creating goals and reviewing progress.
Flexible Work Arrangements
Many organizations are under the impression that most of their employees will still want to work remotely as offices reopen. They’re right! A recent study shows that 1 out of 3 employees would prefer a new career if they were to return to the office full-time.
Hence, a hybrid work model will aid the transition of the workforce back to the physical office setup. It means that they will have the option to work from home on certain days and go to the office on another.
Hence, a hybrid work model will aid the transition of the workforce back to the physical office setup. It means that they will have the option to work from home on certain days and go to the office on another.
Do you prefer to have a permanent remote work arrangement to expand your business globally? We offer Employer of Record services to companies who like to take care of and retain their distributed teams. Reach us today. Let’s team up against the great resignation that’s going on worldwide.
Olivia Yu has decades of experience in the Human Resources industry. She’s the Regional Director for Asia Pacific of a famous international HR company. Olivia’s international experience inspires her to write articles about human resources and global staffing.
