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Big issues
According to the Express Employment Professionals survey, firms across North America are struggling with three main issues:
1.Connecting with employees;
2.Conducting effective performance reviews; and
3.Understanding shifting generational values.
Job hoppers
The Express Employment Professionals study cites a recent CareerBuilder survey which found that 91 percent of employees say they are at least willing to change jobs.
Blindsided
The CareerBuilder survey cited found that 55 percent of company leaders are not expecting employees to leave when they do.
Oblivious
More than three quarters (77 percent) of respondents in the Express Employment Professionals survey say that employee retention isn’t a problem in their companies.
Low satisfaction
Yet Express Employment Professionals finds that "less than half of Americans" are actually satisfied with their jobs. The result is a “major miscommunication” between employers and employees, the company says.
What do workers want?
79 percent of respondents to the Express Employment Professionals survey say that more than half of their employees want to be “rewarded” in their positions.
Show me the money
68 percent of respondents believe over half of their employees are looking for more pay.
Failure to act
Only 17 percent of respondents say their companies have “reinstated previous pay levels or raises.”
Admit you have a problem
What should employers do? The first step, according to Express Employment Professionals, is for business leaders to recognize that “they have a retention problem.”
Start at the top
Next, says Express Employment Professionals, is to install a “strong leader” who sees the trouble and acts upon it to reduce retention problems.