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Will Your Company Lose People To 'The Great Resignation'? The Secret To Retaining Top Talent

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A growing number of employees are taking chances and leaving their jobs for something new. In March, the 'quit rate' was 2.4%, the highest for that month in twenty years. And in April, it ticked up even higher to 2.7%, or a total of four million, the highest in history.

list, released in April, showed a very different response to the crisis. These companies"managed not just to muddle through, but to become role models. The takeaway seems clear: Businesses that treat employees well during the toughest of times will attract talent, even when the war for talent heats up." Companies on the Best Companies to Work For list went out of their way to demonstrate concern for the whole employee, not just the on-the-job employee.

. With its fast-paced corporate culture, New York can be a difficult place to find balance and well-being, and those companies that successfully help employees along this path have valuable lessons to offer.They show tangible concern for the non-work aspects of employees' livesEven during shelter at home, these companies made sure employees had sufficient paid time offCompanies pride themselves on the speed and agility with which they respond to changing customer needs.

Sisense, the biggest mover on the New York list, jumping up 21 spots, introduced"Coming Up for Air" days, giving employees two additional self-care days each quarter.

Fortune declares well-being"an essential benefit," and they are half-right. Well-being is essential, but we must think of all the factors that contribute to employees thriving as more than a benefit. When we label well-being a benefit or a perk, we are thinking too small and relegating it to HR rather than placing it front-and-center in a company's overall strategy. Thriving employees are not just happier—they are more creative and more committed.

The Great Resignation signifies that employees have emerged from the pandemic with new insight into what truly matters. Employers must do the same and move forward with a strategy that sees employee well-being and the quality of work as inextricably linked. We now know that companies who make employee well-being a priority are going to be the ones with a competitive edge and best able to attract and retain top talent.

 

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