If you keep up with the news—and frankly, even if you don’t—you’ve heard plenty about “the great resignation.” New research by Microsoft predicts that more than 40 percent of the global workforce are considering leaving their employers this year. This is an alarming statistic. I’ve spoken with many leaders and we are all grappling with the same issue: how to help our organizations navigate through this mass turnover.
Several months ago, when the term “great resignation” was coined, it was hard for leaders to imagine that such significant turnover was on the horizon. Now that we’re in the thick of it, the priority needs to be making meaningful changes within our organizations that will make employees want to stick around. This is especially true if we plan to attract and retain young talent. You know how we build strategies to earn, strengthen and maintain customer loyalty? We need to apply that same thinking and take the same aggressive actions with our employees.