Pay Isn’t The Only Reason Why People Are Thinking Of Quitting
The Society For Human Resource Management (SHRM) has been great in helping prepare HR for the incoming wave of resignations. However, in their recent survey, painting “better compensation and corporate benefits” as the main reason people are considering changing jobs with 36%, and culture being only 8% is misleading.
WAKE-UP CALL: MOST PEOPLE ARE LEAVING BECAUSE YOU HAVEN’T INSPIRED THEM TO STAY — THAT’S CULTURE.
Better work/life balance: great cultures see “balance” as a verb.
Lack of recognition: great cultures go out of their way to recognize their people’s achievements, from the massive accomplishments to the little wins, no matter the size, these achievements still move the needle.
Company values don’t align: great cultures are clear about their values before an employee walks through the door, and decisions are made with those values in mind. If there isn’t an alignment, chances are, the values are just platitudes posted on an “about us” page.
Lack of strong relationships: great cultures are aware that relationships keep people engaged and energized. If leaders aren’t connecting on a human level, they’re missing out on a cultural boost that will help attract and retain top talent.
Don’t know: When people want to leave their work, but “don’t know” why, I’m willing to bet that it has a lot to do with not liking their bosses, but they don’t want to say it.
So 59% of employees are considering changing jobs because of culture. This is the part of the pie that SHOULD be colored in orange.
Paying people may get them in the door, but engaging them, keeping them, and energizing them enough to refer you to other great potential employees — that’s all culture — and building culture takes a mindset shift that HAS to start from the corner office.
