How to Avoid The Great Resignation in Your Own Team
When it comes to the workforce, there's no doubt that things have changed dramatically over the last few years. And while some of these changes are positive (think increased flexibility and work-life balance), others are not so desirable (think the rise of the gig economy).
One trend that seems to be on the rise is The Great Resignation - that is, employees quitting their jobs in droves. But why are so many people quitting their jobs? And what can be done to stem this tide?
Well, it turns out that The Great Resignation is often linked to poor management. Studies have shown that when employees resign, it is usually because their relationship with their boss has turned sour. In other words, the number one reason people quit their jobs is because of the quality of their relationship with their boss.
1. The Great Resignation - why are so many people quitting their jobs?
The Great Resignation is the term given to the recent trend of mass resignations happening in the workplace. A study by the Harvard Business Review found that the number one reason employees resigned was because of their relationship with their boss. This often happens when the boss is unapproachable, unresponsive, and makes their employees feel unheard and unsupported.
So what's the root of the problem? Poor management. When employees feel that they don't have a voice, or that their concerns are falling on deaf ears, The Great ResignationThe great resignation - when a large number of employees all resign at once.
The consequences of poor management can be serious. Not only can it lead to a high turnover rate and decreased productivity, but it can also be costly for the business. A study by i4cp found that the average cost of replacing an employee is $4,000- $10,000 per employee. So it's in the best interest of businesses to address any issues with poor management before it leads to The Great Resignation.
2. The link between the quality of the relationship with the boss and the decision to quit
When it comes to the quality of the relationship with the boss, it's no secret that it's a major factor in someone's decision to quit their job. This can create a hostile work environment that is intolerable and leads to people quitting their jobs.
When employees feel unappreciated and unsupported, it can result in a decrease in morale. This can be detrimental to the business as a whole, as it can lead to a decrease in productivity and an increase in absenteeism. Additionally, when employees are unhappy, they're more likely to leave, which can lead to a high turnover rate. All of these things can harm the business, so it's critical to avoid them.
3. How to avoid The Great Resignation in your own team or business
If you're a manager, it's your responsibility to be aware of the factors that can lead to employees quitting. By being proactive and addressing these issues, you can often prevent people from resigning. Here are a few tips on how to avoid The Great Resignation in your own business:
1. Be approachable and responsive
One of the biggest reasons why employees resign is because they don't feel heard or supported by their boss. Make sure you're approachable and responsive to your employees and make sure you're listening to their feedback and taking their concerns seriously. This will help create a positive relationship with your employees and decrease the likelihood of them resigning.
2. Address any issues head-on
If there are any issues at work that are causing tension or unhappiness, address them head-on. Try to resolve them as quickly as possible, before they lead to someone quitting their job. Often, just acknowledging the issue and trying to fix it can be enough to make employees happier and less likely to resign.
3. Promote a positive work environment
Finally, try to create a positive work environment where employees feel appreciated and supported. This can help reduce stress levels and increase productivity. Your team or business will be less likely to experience The Great Resignation if you create a positive work environment.
So, how do you keep your talented employees from walking out the door? The answer is simple: better management. If you're a poor manager, it's time to learn how to be more approachable, responsive, and supportive. Make sure your employees feel heard and that they know their opinions matter. Be available for discussion and be willing to work collaboratively with them. Build trust by being consistent in your actions and words. And lastly, show appreciation for your employee's hard work by recognizing their efforts and rewarding them financially when possible. When it comes down to it, effective management is key to retaining top talent in any business - which is why we built a tool designed to make you the managers you always wanted to be at Waggle!