1/3 of your employees are looking to leave! Part 1: Who’s Leaving & Why

Part 1: Who’s Leaving & Why?

Is it something you’ve done or haven’t done?

Take a look around your office. A third of the people you see, think a new employer is the best thing 2012 could bring. This year’s annual What’s Working study just released by Mercer, a global HR advisory firm, might be more aptly named What’s Not Working. It reports that almost a third of U.S. employees are seriously eyeing the exit. And the survey found that more than half of senior managers are among them.

If your hope is to replace retiring boomers on your staff with some of your up and comers, thinks again. More than 40 percent of employees 34 and younger are tweaking their resumes, too.

Who’s leaving and why

At the depth of the recession, employees were grateful just to have a job. Tired of having to do more with fewer resources, suffering through salary freezes, watching layoffs, while worrying about their own fate, employees have drawn their line in the sand. The stress has taken its toll. Despite economic uncertainties, employees are now driven and confident enough to make a move.

The cost of losing a trusted employee is estimated at between 75 percent and 200 percent of an employee’s annual salary. That’s not including the drain on organizational memory or the cost of customers and co-workers that may follow them.

Are larger companies at higher risk to lose their talent?

Surveys say, Yes!

Smaller companies actually have a better chance at keeping employees because by nature their size, top management is more closely involved with employees and projects. This proximity has a better chance of producing the number one answer to how to keep your best and brightest…

Engagement, according to Mercer is something it calls the Holy Grail of the 21st century management. An engaged employee, according to Mercer, is one who feels a vested interest in the company’s success and is motivated to exceed their job requirements.

Stay tuned for Part 2: 13 Top Reasons Why Good Employees Leave

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