Keeping staff who want to leave

Over 40% of under 33 year-olds intend to leave their job within 2 years.  Deloitte have completed a big Millennials survey and it is clear that this generation  still favour job-hopping in order to advance their careers.  It seems that it is easier for them to show their growth this way than if they stay in one place.  A significant number are clearly seeking leadership and responsibility and won't await the dead man's shoes.

The implication for employers is that you just can't expect loyalty to keep people as much as 20 years ago.  But the true cost of replacing staff is probably higher than you realise (try a minimum of 6 months' pay), so what can you do about it?

Well, there are many options - but essentially you have to make it clear to them, and enable them to make it clear to others, how they are growing their career with you - promotions; new responsibility; fast-tracks; etc ... and this can only come with planned development and that works best if each  person is mentored internally.  Think about it and if you want to bounce ideas off me, give me a call.

Need help managing staff?

Mike has a wealth of experience advising on every aspect of the employer-employee relationship. I can give you per-phone guidance or work along side you to make things happen.

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