photo by photomish dan
A sobering article from the Economist illustrates how unhappy people currently are with their jobs. When the economy turns expect to see a massive surge in voluntary turnover. The article included some alarming numbers from the US-based Center for Work-Life Policy:
Between June 2007 and December 2008 the proportion of employees who professed loyalty to their employers slumped from 95% to 39%; the number voicing trust in them fell from 79% to 22%.
Employers have the upper hand these days, but what good is that if nobody is willing to bring their best? Quality work doesn’t flow from mistrust.
The employment process is a two-way street. Employers need to get quality ideas and execution. The employees, however, are trickier. They all need something different. Each is motivated differently, has different goals and needs to be communicated with in a certain manner.
There is no magic bullet to engaging people except by taking the time to know what makes them tick. Clearly, these economic times are tough. And companies are taking the opportunity to pare back and let loose the dead wood.
This requires doubling down on the efforts to learn about the others in order to make sure they don’t all check out as well.
Better yet, build this into your process. Don’t wait for dire economic times to trim the workforce. Frankly, people who aren’t engaged and aren’t fitting in with the culture are a drag on your time and bring others down with them.
Start with who you hire and remember it.
Times are dire. Not just for the unemployed, but for the employers as well.
The job market is far more fluid these days and once companies start hiring again we’re guaranteed to see that fluidity in action. Protect your most valuable assets and get the most out of them as you can.
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