The Great Resignation is on pace to continue in 2023, with PwC reporting that one in five workers are likely to switch jobs in the near future. In light of this, employers everywhere are scrambling to figure out why workers are quitting and what they can do to retain talent.
The Great Resignation is on pace to continue in 2023, with PwC reporting that one in five workers are likely to switch jobs in the near future.
In light of this, employers everywhere are scrambling to figure out why workers are quitting and what they can do to retain talent.
Read on to learn the top reasons for employee turnover and one surprisingly simple trick that can help flip this trend.
According to PwC, money remains a top influencing factor in the Great Resignation with workers across the board demanding higher pay. The study reveals that 35% of respondents are planning to ask for more money from their employers in the near term.
There’s also a growing cultural divide at play, with many people wanting the freedom to truly be themselves at work. Many workers are struggling to return to offices with tighter rules governing things like working hours and attire.
PwC also reports job fulfillment — or the lack thereof — as a top motivating factor pushing people to change positions. Workers who feel stuck or like they aren’t reaching their potential are more likely to switch companies.
Of course, some differences like money and workplace culture can be difficult to reconcile. At the end of the day, employers only have so much wiggle room when negotiating salary and granting benefits like remote work and time off. Many workers are also in a position of power to take on risk with savings in the bank from working side hustles and staying home for the better part of two years.
In most cases, employees make the decision to stay with a company or leave within the first few weeks of starting a new job. As a result, employees need to go above and beyond to equip workers with the resources they need to train, engage, and empower employees.
Companies should therefore focus on replacing outdated and inefficient training systems with modern, mobile-first tools that provide workers with the resources they need to thrive on the job. This includes knowledge bases for answering questions, tools for upskilling and advancing workers, and solutions that simplify reporting and save time.
Making this small adjustment can go a long way in showing workers that you care about their overall experience and want them to succeed. This could potentially improve your culture while reducing turnover — a win-win.
FLX Systems offers cutting-edge training, knowledge, and reporting tools that optimize the employee experience. With the help of FLX Systems, you can build a high-performing team and a culture of excellence — and eliminate issues that contribute to frustration and turnover.
To learn more about the transformative nature of FLX, book a demo today.
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