“Preparing for Take-Off,” a global study on turnover conducted by The Hay Group, forecasts employee turnover will rise sharply in 2014. People considering a job change this year are encouraged by reports of a growing competition for talent spurred by the global economy.
If they haven’t done so already, executives and managers need to ask themselves: Who in the organization is most likely to leave? Hint: it’s not always the employees you’re happy to see exit. And who is most likely to stay? It’s not always the top performers you rely on. What managers perceive as employee loyalty may simply be an employee’s lack of opportunity up to this point.
“With retention a growing concern for organizations – not just for key high performing employees, but also core employees – understanding the factors that drive commitment and loyalty is essential for managing increasing turnover risks in the months and years ahead. Now is the time for organizations to understand where they stand on and tackle these influences, to keep employees from taking flight.” Mark Royal, The Hay Group senior principal and co-author of The Enemy of Engagement.