A staggering 47.4 million Americans quit their jobs last year. Employers have responded by throwing money and enhanced benefits at people, which is not a viable long-term strategy. Why? Because people are not quitting thanks to being paid unfairly. People are quitting because their priorities have changed and they are no longer willing to stay in a role that does not meet their needs.
How leaders do not see this is beyond me, but I can assure you that they are taking the easy way out by pressing a few keystrokes to increase wages. The correct and more effective response to attract and retain employees is to fix one’s culture. Build a work environment that is aligned with employee priorities and values, and you’ll never have another emergency employee turnover meeting again.
Case in point… a recent McKinsey survey reveals that there is a significant disconnect between how management and employees view our new world of work. Managers think employees want more money, greater development opportunities, and remote work options. Workers say they want to be valued, have a sense of purpose, work with caring and trusting colleagues, and a flexible schedule at work.
Workers are sending the signal loud and clear. The employers that will succeed now – and in the future – are the ones that will listen and execute on employee’s needs.
Jill, What Can I Do? The first step toward improvement is to understand if you have an issue in the first place. Simply answer these 10 questions in my Culture Check-Up, and within 60 seconds you’ll know if your company culture is solid or if it could use some help. Straightforward and simple… Priceless.