Thursday, January 28, 2010

The Coming Storm

Dear Professional,

54% of the workforce will leave for a better offer/opportunity when the economy improves (Source: U.S. Job Recovery and Retention Poll findings).

The HR profession has identified that the #1 trend most likely to have a major strategic impact on the workplace is "the growing need to develop retention strategies for the current and future workforce."

Corporate loyalty is dead! Under this new workforce paradigm employees are demanding a different set of "Engagement Drivers" in order to stay with a company:

-Confidence in organization's future (viability/mission/vision)
-Promising future for one's self
-Company supports work/life balance (virtual office, less travel, no PTO restrictions)
-Safety is a priority
-Excited about one's work
-Satisfied with recognition
-Satisfied with personal development/training/competency acquisition
-Manager treats employee with respect and dignity

The present economy has allowed certain companies to "relax" on these Drivers of Engagement. The flight from "need to put food on the table" jobs to "career engagement" jobs will be excruciating for companies that don't get onboard with these critical employee satisfaction drivers.

We are working with a few companies that get this critical concept and are working hard to create an "engaged" environment.

Best Regards,

Tom

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