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The Great Resignation. Mass Exodus. Big Quit.
Whatever you call it, employee attrition is dominating headlines and putting work as we know it under the microscope. Much like COVID-19, many thought The Great Resignation would have a quick resolution. The reality has been anything but—and it’s throwing leaders for a loop. Workers are tired and frustrated. They’re realizing time is their greatest and scarcest asset, and they want to make the most of it. So, they’re reassessing why they work—and quitting to find what truly drives them.
What exactly is it they’re looking for?
The answer’s complex—but that’s because people are complex. Their needs are constantly evolving, and there’s no one golden path to solving those needs. Yet certain companies are learning to fight attrition—to great reward. They’re bobbing and weaving through the worst of The Great Resignation, and getting results by meeting their employees where they’re at.
In November 2021, 326 executives shared to Predictive Index not only their thoughts on why their people are quitting, but also their own mounting frustrations with work.
The results: Companies that prioritize the employee experience—whether through benefits, flexibility, inclusion, or a sense of purpose—see clear reductions in turnover compared to their peers.
If there’s a common thread with these successful retention strategies, it’s being agile in the face of attrition. Employees quit. Their engagement isn’t guaranteed, and their effort shouldn’t be taken for granted. Companies that have the best odds of combatting churn recognize the value of their people, and put them in environments where they thrive. And they’re achieving that success with talent optimization.
Trends AMP is Following
(As C-Suite and hiring executives grapple with attrition, they’re recognizing they don’t have all the answers to their retention issues. When asked “To what extent have you needed help with talent acquisition and retention over the past year,” 82% of respondents indicated they could have used either “extensive” or “some” help. Source: Predictive Index 2021)
Stories AMP is Following
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Fun Fact For The Week
The first person processed at Ellis Island was a 15-year-old girl from Ireland
On January 1, 1892, Annie Moore was the first passenger to disembark at Ellis Island on its opening day. She had traveled to the United States with her two younger brothers aboard the SS Nevada after departing from Queenstown, Ireland (now known as Cobh). Another amazing fact? The busiest day at Ellis Island was April 17, 1907.
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