You would have to be hiding under a rock to not be affected by the latest data on the great resignation. While not as high as the numbers of resignations in August of 2021, early data from 2022 suggests that we are experiencing the highest turnover in employees. Projections for the rest of 2022 do not suggest that the Great Resignation trends will diminish. In fact, data suggests that 40% of employees are considering resigning from their current employer.
Employers are struggling to make sense of the Great Resignation and what is contributing to this trend, but one thing is clear: culture is paramount to retaining talent. While all industries and companies are experiencing the Great Resignation, companies with a strong and healthy culture experienced lower
than average turnover during the first six months of the Great Resignation.
Not surprisingly, data suggests that a toxic corporate culture at work is the strongest predictor of attrition at a company. So, what should companies and HR professionals do to ensure that their culture is one of respect, inclusion, and belonging?
- Be Proactive by Constantly Evaluating your Culture. Constantly evaluate and benchmark employee engagement. The data from these surveys allows you to benchmark how employees are feeling across your organization and what matters. Culturupt runs in depth culture audits for companies seeking to evaluate their organizational culture audits for companies seeking to evaluate their organizational culture. Employees consistently rate lateral and upward career growth as the two most important reasons for staying in a role. Create growth opportunities for your employees, discuss their two and five year plans, and help them access these growth opportunities at your organization. Culturupt routinely works with organizations on developing agrowth mindset, changing their performance feedback processes, and evaluating how to deliver feedback that is positive and constructive.
- Have Fun. We are two years into the pandemic. And while things are getting better, many employees continue to feel as if they are languishing. Mental health rates continue to plummet. Culturupt’s culture audits and investigations have shown us that the pandemic has taken on a toll on all employees. Employees are missing the camaraderie and close knit culture that some organizations had when employees were working in person. Nonetheless employees continue to stress that they want the flexibility to work from home. Employees state that more than compensation, it is these informal work activities that contribute to their work satisfaction. It is critical that organizations take time off from the regular day to day work, and build an informal culture with their teams through off-sites, dinners, coffee chats, and or other meaningful ways to connect with each other
Finally, if you haven’t listened to this Brene Brown podcast on toxic work cultures, you should.