Workers are are returning back to the office, apprehensively not knowing what to expect. Yet, forward thinking companies are already in a stealth war for talent. And it is only companies who focus on their workers that will win the war for talent when offices reopen in this new post-pandemic return-to-work environment. The way in which they also manage the great reset will either make them leaders in their space or […]
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LinkedIn’s recent Workforce Confidence Index found that 74% of employees are “sheltering in job”. Basically, workers are staying in their current roles to collect a steady paycheck and to keep household finances stable. That is, until the pandemic is over.
There is “bottled-up turnover” that will occur as the economy improves, job openings increase, and unemployment declines. According to the Achievers Workforce Institute, the main reasons for job seeking are better compensation and benefits (35%) and better work-life balance (25%). Other research (McKinsey) points to burnout as a main driver. Employees will also be voluntarily leaving their jobs for workplace environment factors, work-life balance, and relocation reasons.
Two-thirds of voluntary departures are for “more preventable” reasons if employees can be engaged. That is, thinking less about fun perks and more about company culture, diversity, inclusion, recognition, competitive pay, and flexibility.
Strategies to Retain Talent
1. Career Development Opportunities
2. Recognize Hard Work
3. Ask for Feedback, and Act Based on It
4. It’s All about Flexibility
5. Strengthen Your Company Culture
For those who return fully to the office, the answer is likely a return to the old way of doing things. For those who decide to go fully remote, the answer is likely to completely embrace and perfect the systems that they’ve used to survive the past 16 months.
Hybrid work requires a unique approach that involves more learning, more planning, and more tweaking. And the 3 things that your business needs to succeed at hybrid work are;
- A remote-first mindset.
- A commitment to asynchronous work.
- A workflow management solution.
A remote-first mindset.
Hybrid working is a lot like being friends with a vegetarian — you always need to keep them in mind when you’re making dinner plans. Embrace remote work tools, and plan every single meeting with remote employees in mind. Also, don’t forget to establish virtual touchpoints with management and mentors.
A commitment to asynchronous work.
Asynchronous work means working independently and on your own time. It simply means that an individual’s role in a task isn’t dependent on the presence or participation of anyone else.
A workflow management solution
Once your workflows are established, share them widely. Clearly defined workflows increase transparency, build alignment, and enable a remote-first approach. They tie everything together, providing a clear path to success for all employees.
If the above 3 things that your business needs to succeed at hybrid work are not sufficient, check below and read the blueprint for designing hybrid work policies.