Attracting and retaining great employees is a major challenge. In an uncertain economy, no employer anticipates significant numbers of resignations from their staff. However, this is exactly what has happened since the start of the COVID-19 pandemic.
This is the phenomenon of the ‘Great Resignation’. Businesses are having to focus on employee retention as the next big issue they face. There is little doubt now that businesses have to prioritise being an A* employer to compete in an employment market where great employees are rapidly becoming harder to attract.
So, what must a company quickly do to differentiate themselves as an employer in a time where the pandemic, followed by the ‘Great Resignation’, has left many companies critically short of employees?
Employees are prioritising a healthy work environment that consistently delivers the work/life balance that suits their individual needs. For many, this means flexible working practices, including a positive office environment, that promotes employee happiness, morale, and motivation. When these factors are established within a business, employees become more focused on their work and perform to the best of their ability.
In addition to the traditional places of work, remote working options are now essential in attracting the right employees. We are seeing more organisations adopt a hybrid model that enables office and home working to operate seamlessly, thus providing exactly the right balance to employer and employees alike. Making a hybrid working system viable requires systems and processes coupled with tools and effective management.
It can be easy for remote employees to feel disconnected from one another as well as from the companies they work for, since they aren’t able to see each other every day at the same office. Thus, companies with remote work models must implement more initiatives to make their employees feel more engaged.
This requires new management systems as well as new technology solutions. New hard and soft skills across every layer of the organisation will activate the optimum environment to not only attract great employees but to keep them as well, regardless of where they physically perform their role.
Once the optimum working environment is created, employees are looking for an employer that will invest in their capabilities, in addition to their well-being. The employers that will win in the ‘Great Resignation’ era are those that provide a clear career path supported by accessible training development. Those that supplement this with well-being initiatives will clearly differentiate themselves in the increasingly competitive employment market.
Do you need to develop employee strategies that differentiate your business in the ‘great resignation?’
If so, contact Mentor Group to implement remote working solutions, with access to a suite of best in class virtual training and well-being solutions that could transform employee happiness, morale and motivation. Quite simply, we are experts in A* employer solutions.
