HIRE Coaching LLC’s Post

Do you think you know why employees quit? Maybe it's a different answer than you were expecting. Read this insightful article to learn the deeper reasons employees walk away.

In some cases, employers may not be fully transparent with employees, whether it’s about workplace conditions, compensation, or company goals. This lack of transparency can create a sense of mistrust. The stats tell us North West workers don’t trust leaders; that’s 7 out of 10 people. I’m a business leader and I can’t stomach that. 🫣 Listening Groups help us to uncover your truth. 1. Wages and Benefits: Sometimes, employers may downplay financial issues, such as wage stagnation or diminishing benefits, while emphasizing growth in other areas. 2. Work-Life Balance: Many companies promote a healthy work-life balance but may expect long hours, making it difficult for employees to truly disengage from work. 3. Company Culture: Employers may promote a strong, inclusive company culture but in reality, the day-to-day environment might be more stressful than advertised. And they’ll vote with their feet, leaving their jobs in response to their dissatisfaction. While this isn't true for all employers, it does happen in some workplaces. A transparent, fair, and open environment is always the ideal but can be hard to find. My aim is to find these gems in the North West. 🙏 What we do matters. It’s not just an employee survey. Does your employer pull the wool over your eyes? Or is your employer totally transparent and fair? Eleanor Smith Mike Wilson #employeesurveys #employeeengagement

𝗝𝘂𝘀𝘁 𝗣𝗮𝘆 𝗠𝗲: 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗞𝗼𝗿𝗻 𝗙𝗲𝗿𝗿𝘆’𝘀 𝗟𝗮𝘁𝗲𝘀𝘁 𝗦𝘂𝗿𝘃𝗲𝘆 🌟 In today’s evolving workplace, understanding what truly matters to employees is crucial. Korn Ferry’s recent survey sheds light on the top priorities for workers globally. Here are three key takeaways: 1. 𝗖𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗣𝗮𝗿𝗮𝗺𝗼𝘂𝗻𝘁 💰 Despite the growing emphasis on flexibility and firm values, compensation remains the most critical factor for employees. Ensuring competitive pay is essential for attracting and retaining top talent. 2. 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗠𝗮𝘁𝘁𝗲𝗿 🔒 Workers value flexibility and job security highly. These elements are not just perks but fundamental expectations that significantly impact job satisfaction and loyalty. 3. 𝗛𝗼𝗹𝗶𝘀𝘁𝗶𝗰 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗪𝗼𝗿𝗸𝗳𝗼𝗿𝗰𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 🌐 Companies must balance compensation, flexibility, and firm values to create a supportive and motivating work environment. Understanding and addressing these priorities can lead to a more engaged and productive workforce. Read the full article for more insights: https://lnkd.in/ee4ASXs5 #Compensation #Flexibility #JobSecurity #Talent #KornFerry

Franklin Templeton’s Voice of the American Workplace Survey has three critical takeaways for hiring managers and HR. 1 - The biggest challenges today are employee turnover, outsized expectations and declining loyalty 2 - Employees are under tremendous financial stress, and that influences how they make job decisions 3 - Employers think they’re addressing employee needs, but they’re not always doing a great job This last point is especially important for HR leaders to consider. You might be able to rattle off a list of perks and benefits you offer your employees. But are they the right ones? And are employees actually taking advantage of them? I talk to people every day looking for new jobs, and leaving companies that seem great on paper but aren’t delivering what employees expect. Make sure you know what your employees need and make sure you deliver rather than just talking about it.

Franklin Templeton’s Voice of the American Workplace Survey has three critical takeaways for hiring managers and HR. 1 - The biggest challenges today are employee turnover, outsized expectations and declining loyalty 2 - Employees are under tremendous financial stress, and that influences how they make job decisions 3 - Employers think they’re addressing employee needs, but they’re not always doing a great job This last point is especially important for HR leaders to consider. You might be able to rattle off a list of perks and benefits you offer your employees. But are they the right ones? And are employees actually taking advantage of them? I talk to people every day looking for new jobs, and leaving companies that seem great on paper but aren’t delivering what employees expect. Make sure you know what your employees need and make sure you deliver rather than just talking about it.

The current economic boom & robust job market mean that employees have more options & bargaining power. Companies that treat their employees poorly or engage in discriminatory practices are likely to face significant consequences, including: 1. *High Turnover Rates:* Employees who feel undervalued or discriminated against are more likely to leave. 2. *Reputation Damage:* In the age of social media & online reviews, word spreads quickly about companies with poor workplace practices. 3. *Decreased Productivity:* Unhappy employees are generally less productive. Creating a positive, inclusive & fair work environment is not just ethical but also beneficial for business success.

Our Employer Best Practices Focus Area discussed job retention among frontline workers this week. Check out this blog post to learn more about worker attitudes about their jobs. https://lnkd.in/gB4e9RPd

📢Hot research alert! Dayforce recently conducted a study of more than 6,900 frontline workers, managers, and executives to explore how people at all levels of an organization experience the pain of the complexity crisis. This includes an explosion of different types of work and workers, ongoing labor shortages, a mismatch between available skills and evolving roles, and an ever-changing compliance landscape. #makesworklifebetter #complexitycrisis Here is what stood out to me from this report: 📆Scheduling can make or break retention: Retention is a hot topic for all companies, and our research shows that roughly nine in 10 frontline employees and managers saying they’d consider leaving their current job for one with a better schedule. 💰Employers need to rethink compensation: Employers might need to rethink compensation from the more holistic perspective of financial wellness to find powerful new ways of boosting productivity and performance. 💌The power of connection: Companies with large frontline workforces constantly struggle with worker retention and engagement. Executives need to get more in touch with the sentiments of their workforce, invest in recognition programs, and continue to enhance the employee experience. 📄Read the full report here - https://lnkd.in/g6V9ik4m

The so-called war for talent continues as employers grapple with traditional hiring and retention strategies. Amidst challenges like poaching and cost-cutting, the focus remains on sustainable work experiences. Meaningful work, supportive managers, trust, and career growth are essential for employee retention and productivity. Supporting individual progress aligns employee and organizational needs, fostering mutually beneficial experiences. Read more: https://lnkd.in/gG7xXxqE