People leave their jobs because they can; because many believe they will easily find another job; and because time gaps in resume are no longer a big deal for wise employers.
On the other hand, 45% of the attendees of a few webinars I recently facilitated for HRPA - Human Resources Professionals Association, responded that it takes 4 to 6 months (and sometimes even longer) to replace skilled employees who left the company.
Together it makes finding and keeping the best talent an uphill battle.
Employees also leave because they want more, and they got tired of waiting for a change to happen.
According to the McKinsey & Company recent research, people are mostly unhappy about:
🔸 Uncaring leaders,
🔸 Unsustainable performance expectations,
🔸 Lack of career development and advancement potential.
Now, imagine that your current employees are not satisfied in these areas AND have to pick up the workload for the vacant positions for months and months to come. It’s not writing on the wall anymore; it’s a total disaster in progress.
That means, now is the time to take the Employee Experience idea very seriously.
Before jumping into action, here are a few things to consider:
🔹 Employees are the ONLY real competitive advantage any company has right now. In the modern world, technology, know-how, and business ideas are being replicated in a matter of days. If the company is not ready to fully embrace this statement, I guess it’s time to look for another job.
🔹 Stop assuming what employees want because you will get it wrong. Begin with the questions. A lot of questions.
🔹 Employee Experience is not an HR function; it’s a necessary business imperative and therefore needs to be championed by everybody in the company, from frontline workers to the CEO.
🔹 Creating stellar Employee Experience is not a sprint; it’s a marathon with the “try-fail-try again” moments. Patience, empathy, and interdependence will be crucial for staying on track.
For business leaders, it’s essential to start the conversation and get everybody on the same page, but the sooner it will happen, the better chances for success your business has.