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.
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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.