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Topic: Is long-term employee retention a losing battle? - page 7. (Read 1675 times)

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Reading this article, I couldn't help but wonder about a lot of things that have gone wrong and is going wrong in companies. Some of these companies are know that employees leaving are a problem and are making efforts to fix it while other who know, ,amy have chosen to ignore it.
Below are some important points highlighted in the article.

According to the report, more than 6.5 million people (20% of the U.K. workforce) are expected to quit their job in the next 12 months, according to estimates from the Charted Institute of Personnel and Development (CIPD), which published the data in June after surveying more than 6,000 workers. That’s up from 2021, when 16% of the U.K. workforce said they plan to quit within a year, according to the CIPD. Meanwhile, in March Microsoft’s global Work Trend Index found that 52% of Gen Zers and Millennials — the two generations that represent the vast majority of the workforce — were likely to consider changing jobs within the following year.

Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence.

What do you think? Are companies losing the battle for long term employee retention?
Many times it is as if working for a company does more harm than good. That is, the way most companies nowadays operate, humanity is behind while profit is the leader. The data presented actually depicts how the workforce feels and how they have been responding. Most leadership positions these look for the most heartless not caring, because the heartless or emotionless individuals give no hoots ass as to whether one is sound or not
 All they are about is job completion and performance both without and with pressure and how soon or how much load does such persons endure.
The environment is more competitive and those who are soft are bullied into becoming hard and careless as well.  Emotional intelligence I say is way better than skills and performance because one who understands a fellow humans condition and empathises with them has definitely won them over and such employee can  become the best. But reality often sees the one with more emotional intelligence as a potential instigator of choas, that is why they often times promote the hard man/woman over the emotional intelligent person because of how they can manipulate using fear. No wonder more gen *z opt to leave a job for another because they feel intimidated or compulsed. The worst of all is having other employees or management prying into individual lives and  use of their personal time, also that of boredom or being a zombie in a job without meaning. Hence, why staying too long in a particular company is bad and why most persons quit or change jobs easily these days.
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Years ago, I worked as a full-time virtual customer relations manager in a foreign-owned VA company. I left because not only that I am very stressed of the work, but the boss himself isn’t taking care of his employees very well. He is not open to our suggestions, ideas, etc., that would have changed the game for the company, but he is so close-minded.

Plus, there are times that I needed to work 16 hours because of the absence of my co-manager like he doesn’t if I’m sick. He just only cares about our performance, revenues, number of orders, reaching quota, etc. I only lasted 5 months with them.

Afterward, I noticed that some of my co-employees also left the company until the project itself failed and closed. Relationship really matters between the employer and employees. It’s the most important thing to hold on rather than just money-related. It’s all about the boss being open-minded and being a down to earth and approachable person to give employees the opportunity to grow and not just being treated like “bots”.
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I don't think they are losing the employees but the employees can not be satisfied. They end up disappointing their employers when they see a better offer since human wants can not be satisfied. Instead of companies having in mind to do everything to keep an employee by giving him bonuses and planning big for him when he will be retiring, it is better you don't do it because it is old fashion. If that employee since a better offer from another company he will leave for that new company. It shows that no need of planning to keep them to yourself till retirement because it might not work.
Employees will leave because the country economy is going down leading to inflation and their salary will not be increased .

I like the concept of teaching the employees a skill or something adding more value to their lives,this might inspire the employee to work with happily and efficiently even though he or she is leaving the company will still remain in the heart of the employee. Mobile jobs are everywhere and most people prefer to control their jobs by themselves. So many persons has learned from the past
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Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.



Increase of minimum wage is not the solution. If you keep increasing minimum wage it only will lead into more inflation. The government need to have a strategic plan to build more industries so that there will be choice of work to choose from and people who are skilled and qualified will be properly enumerated and won't have need to keep jumping from one job to the other and get under paid.

Exactly, commodity prices increase and if the government raises wages to balance people's living standards, it will cause faster inflation. That's why many blame the government for not taking any decision to force companies to raise wages for workers.
I guess this varies from country to country as some countries had already experienced a ton of inflation for the past years, yet the minimum wage has not been changed ever since to cope up with all the price increases that happened. It is not always the government's fault however there are some where they are such as on my country. If in any case, they won't be able to change or increase the wages of workers, then they should focus on controlling and minimizing the effect of inflation on the country.

Increasing the minimum wage may not always be the best choice but at least make it proportional to the workload given to each and every worker. Some companies set minimum wage on their job, but it isn't proportional to the workload assigned to it.  
legendary
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Being an employee is unavoidable especially if you're trying to put food in the table for your family, or even for yourself, and greedy companies take this as an advantage making their employees taken for granted while gaining only stress, depression, and other emotional sickness.

As an employee, you will always be under a lot of pressure even being seen as exploitative but it is inevitable and should not be blamed entirely on the government or the company. Instead, use it as a motivation to help yourself find a way to overcome yourself, the more difficult it is, the more you have to fight if you want to have a better life. Successful people or our bosses, to get to where they are today, they have had to go through hundreds of such hardships. If it's society, don't expect justice, if you want to get rid of it, try harder.

Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.



Increase of minimum wage is not the solution. If you keep increasing minimum wage it only will lead into more inflation. The government need to have a strategic plan to build more industries so that there will be choice of work to choose from and people who are skilled and qualified will be properly enumerated and won't have need to keep jumping from one job to the other and get under paid.

Exactly, commodity prices increase and if the government raises wages to balance people's living standards, it will cause faster inflation. That's why many blame the government for not taking any decision to force companies to raise wages for workers.
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Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.



Increase of minimum wage is not the solution. If you keep increasing minimum wage it only will lead into more inflation. The government need to have a strategic plan to build more industries so that there will be choice of work to choose from and people who are skilled and qualified will be properly enumerated and won't have need to keep jumping from one job to the other and get under paid.
sr. member
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Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.

Being an employee is unavoidable especially if you're trying to put food in the table for your family, or even for yourself, and greedy companies take this as an advantage making their employees taken for granted while gaining only stress, depression, and other emotional sickness.
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Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence.

What do you think? Are companies losing the battle for long term employee retention?
In cases like this, in almost all countries, regarding employees who now have an uncertain fate, the role of the company must also be more empathetic for the future sustainability of employees and the company. If the output of the employee at the end of his tenure has a negative assessment of the company, this automatically becomes a concern that what the company produces is worth a minus. The company's concern for employees is very important because then workers will feel cared for and work motivation will increase. However, the company also has a profit achievement target that must be high and the company stands on absolute written rules (structured and his laws). There needs to be a correlation between employees and the same company dedicated to the same goal.
legendary
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It is not something they can easily fix, because while one tries to fix it, the other does the same as well and it doesn't get fixed. Like let’s say you start to pay more, then the other company will pay more too, and that employee will end up leaving anyway. You could give benefits, good hours, less stress, but if you do that then the other companies too.

Plus, if you keep on trying to make your workers happy constantly, then it would also create a price situation and products will cost more, and you will not be preferred, which would cause a trouble in competition. So, this is not a problem that can be fixed, just look to get more new workers, focus on getting better at finding new workers, instead of keeping old ones, because you can't.
legendary
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I know everyone who goes to work wants to be treated fairly and wants a good salary. But it's not easy to run a company that pleases everyone, some people will be happy and some people will be unhappy. All you mentioned is just random survey and it hasn't happened yet, in my opinion switching jobs is not an easy thing for many people. If what you say will happen then I wonder what those people will do after leaving and which company will be willing to pay them higher salary while the company doesn't know their qualifications yet. I also have many friends who want to quit because the work is too stressful, the salary is poor… but the story goes on year after year and they are still the same, they are still working hard and no one quit.
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They say there is nothing new under the sun. I will hardly believe that there is a set of workers that will go under the poll and not give the response that they are quitting but quitting to go and do what? This is the 1 billion dollar question. Of course they will say that put they ain't going to quit to go lazy at home washing their wives undies or babysitting , no they are not neither planning to do that. They only want to change job and for the reason of higher salary, this is normal. People are leaving old jobs to find new one and we need to expect more of this in the coming year with a very high rate if the current inflation rate continues unabated.
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Majority of the people stay on the same company for a long with plans of switching to another company. Whenever the employee gets with plans of leaving the company, he'll be given with hike in the salary. This won't be happening with every employee, because the company will have certain employees need and those were given consideration.

As most of the users mentioned, many corporate companies don't respect it's employees. They're with an attitude, that we'll give as per our wish. People stick to it thinking the financial problems that arise when we stand jobless.
legendary
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many companies that from the past until now still have not changed the rules and employees who are not paid attention to.

The trend of mass labor resignations occurred in several countries. In fact, a survey released by a professional company, Robert Walters, noted that 77% of professional workers in Indonesia are considering self-employment or resigning.

those who haven't quit, haven't found a new place to work.

so you can be sure the company will continue to decline if the quality and treatment of employees has not been changed.

High pay is one of the motivators of of workers but some employees need more than just money to stay in a firm.
Most firms still treat workers like machines without considering their career and emotional needs. Some companies pay less attention to training and development of their staff because they feel that they might leave the company after the firm have invested much on them. But they fail to understand that workers tend to hate monotonous jobs that lacks the opportunity for workers to face new challenges and become creative.

Some workers are also fed up with employers who care less about their informal life. When an employer mandates a worker that has a sick child to still come to work, it shows that their focus is only to get the best out of the staff and nothing more. Most people now are considering self employment  or online jobs that would give them the opportunity to combine both work and family responsibilities. And the lock-down experience caused by Covid-19 have made this workers believe that working from home is very possible.    
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Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence.

What do you think? Are companies losing the battle for long term employee retention?
There was a time in which you expected to work for the same company for 30 or 40 years, have a big retirement party and go into the sunset with a good retirement fund, but those days are over and companies are not above firing employees which have been part of the company for a long time, so workers have learned that the companies do not have their back and as such they are always looking for a better job, and even if companies began changing their attitude towards their employees it will take a generation before this behavior changes, and this is assuming companies care enough about this to do something about it, which I doubt.
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Some people are preferred to stay long from their job depending on the nature of their work and of course, the behavior of their co-workers and company benefits, especially for government employees. But what they have missed is the chance to start their own business due to their mind is already focused on doing their job neglecting more opportunities when making their own business. Might they are thinking about the risk because having a job we found it secured and have a monthly income? However, if we are more educated about finance, we can see that this is not the best shot if we wanted to improve our living as rich people are in business, not an employee.
legendary
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Long term? What does that mean?

Long term is a subjective matter! In the government job where you will get pension, long term really means your entire career. But in a private company where there is not port retirement benefits, even 5 years can be considered long term. For a private sector employee, it is advisable to keep on switching jobs every 4-5 years until they turn 45. otherwise the company will take you for granted and you will never be able to experience significant financial growth.

Let's be very honest! We all work for money! Awards and accolades might motivate you for some time, but at the end of the day, it's all about money. So if someone is getting a better pay, it makes sense to release that employee unless he/she is holding a key position. Everyone else is very easily replaceable! If a company doesn't want to loose talents, they should beat the inflation effectively and provide a pay revision whenever required. otherwise, it will always remain as a loosing battle only!
legendary
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By caring, they're going to have to start paying employees more. I haven't dug down into the reasoning of employees leaving, but I can only assume it's compensation related. Wages aren't keeping up with inflation in most countries so it would make sense why people would leave their job for more lucrative opportunities. Companies will either churn through employees or be forced to pay a wage that's competitive.

I've known companies lose good employees because they won't offer decent pay rises, some office and hybrid jobs don't offer higher pay either to cover the travel expenses - so why wouldn't you work from home if you could? (a 40 minute journey is over £150 in fuel a month - assuming 40 mpg).

That's a good point. Inflation being one metric, the fuel costs associated with commute (along with rising fuel costs) probably play a huge role too. Many companies are asking workers to return back to the office, I didn't consider that.

High wages are not the only motivation for employees. 

The most important thing in work is a high income and structured free time.  For example, a company may offer its employees to work remotely (without having to come to the office).  This will save at least 3 hours on the road from home to office (and back - from office to home). 

And this condition can be very attractive and important for the employee.  Also, the employer can offer employees training and career growth. 

An important point is the psychological atmosphere in the company - it allows you to minimize stress, and therefore maintain health.
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What do you think? Are companies losing the battle for long term employee retention?
Some companies do well in terms of taking care of their employees but some other companies really need to just improve, create a good working environment for the employees and provide incentives to keep them encouraged. The general mindset some people have while working for a company where they don't treat their employees well is to just gather enough money to go set up a business for themselves. Even with the current economy some people have calculated that setting up a business will be more beneficial seeing that these companies they've been working for a long time have refused reviewing their salary even with the rising cost of living, that is bad.
Some companies are just small to not afford those things you said while there are companies who are already huge but their management is not that good enough. I don't think they will ever change and they don't really care if their employees leave because they know that they can still get an immediate replacement.

You know our world now, jobs are very limited and then many people are looking for work only to survive so they are not that choosy. Saving up money is hard if you're stuck in a low paying job and setting up your own business is also not easy. There is no guarantee that they will succeed so they better think twice about quitting their jobs.
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The main reason why employees leave companies can be on lack of incentives or rather lack of growth. Some of these companies are too rigid to the extent that its workers have less time to spend with family or even time for themselves. Some work six days in a week at at least 10hours daily. Another thing that prompts some workers to seek greener pasture else might be because they are not comfortable with shifts allocated to them, lack of growth within the company like raising in ranks easily like government owned work places. It could also be due to fear, some companies scare there workers with sack and they feel threatened so when better jobs opportunities come they turn to jump on it. Some of this companies also don't have retirement plans like pensions and workers tend to look for pensionable jobs since its hard to save for some during their active working days. Irregular transfers of employees by employers can effect the switching of jobs or people seeking to be independent.

Concerning millenials they tend to give up on eventually everything, they can't withstand even minimal pressures older generations face. There career impatience or overall impatience leads them to been layoff from works or even leave them selves. Although it's a great thing some things are changing in this century like speaking up when there is pressure but dedication, respect towards work shouldn't change
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. . . And does the employee know what are they actually doing? Most of the time they switch because they want to have higher salaries in very less time and also above their skill sets. Many of them try to do “moonlight” jobs and thus end up disturbed work environment into both companies for which they are working.

This reduces the work quality and many times employer end up paying higher money than is needed. We can not blame it to the employer all the time just because they are sitting up there and we think they won’t suffer from recession or losses.

They do actually, if work quality goes down with the time it could happen that they will loose their contracts too and it’s the vital source from where our salaries and benefits come to us.

That’s cyclic economy, it comes around and goes around.

I am not saying it’s totally employers or employees fault, what I am saying is it’s a balanced workout. If it is maintained then there is no need to lay off the employee.
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