Employee Turnover

People Profits is not political. However, politicians provide a goldmine of material!

Employee experience is a worker's perceptions about their journey through all the touchpoints at a particular company, starting with job candidacy through to the exit from the company.

All of the statistics and definitions cited below are from the Bureau of Labor Statistics, US Department of Labor, Press Release dated February 4, 2022. This is their monthly release and it details the labor statistics for the month of January, 2022.

The Great Resignation and other myths

How many times a day does this happen to you? I am constantly using my phone while working. I HATE it when my phone screen suddenly stutters as a marketing message starts to load. I have NEVER bought anything through a phone ad and never will. I totally agree with the sentiment of a quote I recently saw:

You needed seven production line workers yesterday. Now you need eight as you lost one overnight. No notice was given!! The temporary agency does not have anyone. You hear they have plenty of people for a larger more lucrative company. The candidates you have received so far for the sales job have been underwhelming. You have no idea how you are going to find a production engineer.

I was speaking with a friend last week. We were talking about my favorite topic, employee turnover. He mentioned two of the biggest causes of turnover. He mentioned work environment and whether the employee sees a future at the company. I totally agree with him; however, there are many other reasons and they are company specific. In addition, how these reasons are created and perpetuated are infinite.

Every day we are inundated with information and disinformation regarding COVID. Much of what is said contradicts other statements. We need to get the vaccine so we won’t get COVID. But people who have gotten the vaccine have subsequently gotten the virus. We need to wear masks today but not tomorrow. We now have the delta variant which throws in a completely different wrinkle.

As we start to come out of COVID, we are being warned of “The Great Resignation”. The main issue fueling this is an illusion which has been around forever. Everyone has an idea of what their “perfect job” would be. There are numerous problems with this illusion.

Recently there has been lots of chatter on social media about getting people back to work. Lots of companies offering sign on bonuses and the like to get people back on board. I have never offered or paid a sign on bonus, never had to. Sign on bonuses attract the people who make employment decisions based on money. They will never be long term employees. They are always chasing the money.