The game of “musical chairs” has begun as employees begin to jump ship for better employment opportunities.  The aftermath of a recession is employee disengagement.  Unfortunately, your key players won’t tell you they are dissatisfied until they are walking out the door.  As well-performing companies start to cherry pick top talent, it begins a chain of employee turnover events that will affect many companies.

72% of employers restructured or laid off employees since the recession began in 2008.  The effect has been a significant drop in employee commitment and loyalty.  Engagement has dropped 23% among top performers. 

And, in a recent Spherion Staffing Services survey, 45% of US workers indicated their relationship with their boss has been affected by the recession, of which 75% adversely.  

With these staggering statistics, it would be reasonable to assume that someone in your troops may be looking for greener pastures, and it might be long-term key employees. 

Perhaps there is no better time than now to start a proactive sourcing strategy so you are not caught unprepared when a key staff member jumps ship.

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Comment by Jennifer Olsen on December 30, 2011 at 3:48pm

There are many effective ways to keep employees engaged at work. In addition to monetary benefits you can provide low-cost “perks” that let your employees know that you value their contribution to the company. From throwing an appreciation party to passing around an award, there are many options available. My colleague, Tina Mainar, offers a variety of ideas in her recent blog, “Keep your Workforce Engaged – Employee Appreciation Ideas” (http://springboard.resourcefulhr.com/?p=1906).

Even in the best economy it is wise to be prepared by having a plan in place to deal with employee turnover. Succession Planning is a process by which you evaluate the skills that already exist in your company and use these skills to create a plan to move people up into more challenging roles as they become available. For more information see Tina’s recent blog, “Succession Planning: What are you doing to maximize and hold onto your talent?” (http://springboard.resourcefulhr.com/?p=1553)

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