Retention Resources
Increase employee loyalty and retain talent.
Retain Right
Studies have shown that the
single leading cause for turnover - up to a striking 85% in American
corporations, and from fast food service through the Fortune 500 - is behavioral incompatibility.
Behavioral incompatibility means the inability of workers, co-workers,
management and co-management to understand and overcome differences in
their behavioral styles. Behavioral styles
have to do with ways of communicating, expressing themselves, working
together or alone, understanding what work environment is truly
effective for them, and how to balance and adjust for these
considerations.
Did you know that by taking a look at differences between the
behavioral work style and home style you will be able to predict very
specific problems that might lead an employee to seek another job? Most
people adjust their style at work based on perceptions of what is
needed for them to survive and thrive. We have found that many
employees cause themselves unneccesary stress simply because they
misunderstood what was really needed to succeed in their position.
Depending on the job and the area of adjustment, the person's natural
style might actually be an asset! Then, there are cases where the
personality for success in the job itself is incompatible with the
style of the person. For instance, a person who really prefers a steady
work pace and concentrates best on one thing at a time will feel
overwhelmed in a multi-taking, fast-paced position, and a person who
likes to tackle many creative projects at once will be unhappy in a job
that requires careful attention to detailed and unvarying procedures.
Oftentimes, a simple adjustment in the work environment or job
description will re-engage your key talent at a much higher level.
86% of workers are experiencing job stress, and half of them describe
their stress as "extreme fatigue" or "feeling out of control."
Stressful work relationships and job demands in turn contribute to
other problems such as burnout, errors on the job, emotional and
physical distortions of perception, and safety problems and accidents.
Ultimately, this results in lowered productivity and increased
turnover.
Job-related stress directly contributes to absenteeism and presenteeism.
- The number of employees calling in sick from stress-related factors has
tripled since 1996.
- Presenteeism - the
phenomenon of employees who show up to work but for a variety of
reasons are not producing as they should - accounts for 80% of lost
productivity, according to American Productivity Audit.
- The U.S.
Employee Engagement Index claims that 17% of employees are actively
disengaged from their job. They don't see the link between their
performance and company profitability. Actively disengaged
workers are costing US businesses $300 billion a year in productivity
losses. These workers are not just unhappy but actively undermine what their engaged co-workers accomplish.
- 54% of workers are "not engaged" - going on autopilot - and only 29% are truly engaged.
If you want to know how your company stacks up, consider a Culture Vitality Survey. The overall cultural vitality of the company
is not only a predictor of turnover, but also a means of confronting
and overcoming its causes. Quite often anyone who is in management, in
any setting, senses that things are not running well. It is easy to sit
back and do nothing, pretending that everything is okay, or to think,
"If I do nothing, things will work out." This is a dangerous and
sometimes fatal mistake for the well-being of a company. You can
revitalize and excite a workforce with a simple survey that gives them
a forum to share their ideas about what you could do better (much
better) and what needs to change. Surveying is the only way to know
what's happening individually, overall, and over time. You can't know
if you're winning or losing if you're not keeping track.
The survey will give you a current snapshot of your company's vitality, giving you
feedback regarding perceived job attractiveness, vitality trends and
current vitality, dealings with external customers and investors,
productivity, teams and other workgroups, and vital behaviors. Trend
reports can follow the resulting feedback over time. This is sometimes
viewed as "BAD News," but it is vital information if you are interested
in keeping your key people and improving results. The real questions
you have to ask yourself are do you really want to hear the bad news
and are you ready to do something about it? This can be an eye-opening
experience that will change the course and success of your company
forever.
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