STAFFING & 5 Alarming Statistics That Will Forever Change Your Approach to Hiring and Keeping Star Employees

by Scott Mautz, Inc. Magazine, 7/9/18.

Gallup’s latest State of the American Workplace report is eye-opening, to say the least, if you care about hiring and retaining star talent. The findings led Jim Clifton, the Chairman and CEO of Gallup, to say, “The very practice of management no longer works. The old ways no longer achieve the intended results.”

Why such an aggressive stance? For starters, the report says the majority of employees (51 percent) are now searching for new jobs or watching for openings.

The 212 page report is filled with alarming statistics. I pulled out the five most telling stats and offer advice to help with your talent attraction and retention strategies.

1. 78 percent of employees are not convinced their leaders have a clear direction for the organization.

Job one as a leader is to set a clear direction based on solid strategies and stretching (yet attainable) goals. To set especially effective goals, be certain that the goals are relevant, meaningful and have been developed collaboratively with those who will be held to them (the study also showed only 30 percent of employees said they were involved in goal-setting).

2. 88 percent of employees would switch to a job that allows flexible work arrangements.

…The desire for flexibility came up repeatedly in the study. It appeared as the top perk/job benefit desired and was even more desired among millennials (versus boomers or Gen X’ers).

While some jobs aren’t suited to working from home (like retail or assembly line work for example), all jobs can be infused with a sense of flexibility via things like pliable work schedules or flexible time periods to go to doctor appointments or pick kids up from school. If you’re a leader, it’s time to meld flexibility into your work processes.

3. Only 23 percent of employees agree that their manager provides meaningful feedback.

The lack of feedback includes praise too, with only 3 in 10 employees strongly agreeing that they’ve recently received recognition or praise for good work.  It’s worth noting that receiving feedback is even more important for millennials.

Leaders simply must prioritize giving frequent feedback to employees. Here’s help in giving feedback effectively but for starters, simply commit to the act and remember that research shows the right ratio of positive feedback to corrective feedback is about 5:1. Which should make sense since people tend to do a lot more good than they do “bad”.

Read more at … https://www.inc.com/scott-mautz/5-alarming-statistics-that-will-forever-change-your-approach-to-hiring-keeping-star-employees.html