By Herman Trend Alert
The prevailing belief is that if you are
a good leader and you keep your people "happy," they will stay. Not
only is that logical, but we also saw that cause and effect playing out all
over the world. Unfortunately, that may no longer be the case.
According to the latest research from
Salary.com, significantly greater numbers of workers are planning to look for
new employment this year over last year. In fact, an incredible 83 percent of
people polled said they are planning to look for a different job this year – a
6 percent increase from last year. Surely this news is disappointing for
employers that want to retain their top talent, however it is not surprising,
given the increasing pressures on employees. What is unexpected is that though
intention to leave has increased, so did employee happiness.
Though last year 69 percent of employees
reported that they were unhappy in their current job, this year, only 46 percent
voiced their dissatisfaction. So, not only are more people are happier, but 28
percent of the people who are job hunting also claimed to be "happy."
When survey participants were asked why
they were looking to leave, the most popular response was "money;"
however, only 16 percent were looking for higher pay. Most interesting of all,
the number of employees seeking higher pay actually decreased by 8 percent from
last year. Moreover, only 29 percent indicated a salary raise would motivate
them to stay. More astonishing, half of those who are looking to leave actually
received a pay increase in the last year.
Looking at these results, waiting for
employees to ask for a raise is clearly not going to contribute to retention.
But what will? After you have handled the nearly one-third (29 percent) who are
looking for a raise, consider focusing on advancement and appreciation and
providing more opportunities for training and development. We were surprised
how to see how few were impressed with flexible scheduling (only 5 percent) and
only 10 percent would be impressed with better work-life balance.
Enlightened employers all over the globe
will need to focus on "the experience" of being part of the
organization and begin to embrace ways to make work more meaningful and fun.
