IT Management Slideshow: Employee Retention Failures Revealed

By Don Reisinger  |  Posted 10-11-2011

Employee Retention Failures Revealed

Big issuesAccording 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.

Employee Retention Failures Revealed

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Job hoppersThe 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.

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BlindsidedThe CareerBuilder survey cited found that 55 percent of company leaders are not expecting employees to leave when they do.

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ObliviousMore than three quarters (77 percent) of respondents in the Express Employment Professionals survey say that employee retention isn't a problem in their companies.

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Low satisfactionYet 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.

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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.

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Show me the money68 percent of respondents believe over half of their employees are looking for more pay.

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Failure to actOnly 17 percent of respondents say their companies have "reinstated previous pay levels or raises."

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Admit you have a problemWhat should employers do? The first step, according to Express Employment Professionals, is for business leaders to recognize that "they have a retention problem."

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Start at the topNext, says Express Employment Professionals, is to install a "strong leader" who sees the trouble and acts upon it to reduce retention problems.

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