According to Microsoft’s 2021 Work Trend Index, 41 per cent of the global workforce are likely to consider leaving their jobs within the next year.
As of January 2022, the number of people voluntarily leaving their jobs had been above pre-pandemic levels for eight straight months. There’s a lot of debate around the causes of the ‘Great Resignation’, but the facts are clear: more people are quitting their jobs than ever before.
In this context, it’s not enough to focus all of your efforts on sourcing and recruiting new talent — you also need to work on retaining the employees you already have.
Reducing attrition in an organization is a complicated and multifaceted process, but there are a few simple steps you can take to lower your chances of losing your best people to your competition.