It’s Time to Reimagine Employee Retention

The pace of employee turnover is expected to be up to 75% higher than before, and the issue is compounded by the fact that it takes 18% longer to fill roles than before. Managers are spending less time looking for new hires in a competitive market. Managers won't be able to affect change unless efforts are focused on retention. Managers need to be able to retain their talent while still being able to deliver on results. There are three things that managers need assistance with. Shifting the focus of career conversations from promotion to progression is the first thing they need. They need to create a culture and structure that supports career experimentation. Managers should not be rewarded for retaining people on their teams but for retaining people across the whole organization.

It is difficult for managers. In addition to their day-to-day roles, many are facing a never-ending cycle of recruitment. 1.1 billion jobs are expected to be transformed by technology in the next decade, and the need to reskill isn't new. Managers are being asked to close skills gaps at the same time as they respond to resignations.