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MANAGING STAFF

Resignations: It’s not the pay, it’s people problems

By Lynne Curry It’s not the money driving the Great Resignation, in which 4.3 million employees quit their jobs in January, followed by another 4.4 million in February.1, 2 A major research project completed a couple of months ago makes this clear. The MITSloan Management Review researched 600 companies that had higher quit rates than their sector benchmark and assessed vast numbers of employee resignations.3 A toxic company culture is 10.4 times more likely to predict turnover than pay.4 Here’s what researchers learned. Pay was the 16th most important factor in employee retention.5 A toxic corporate culture, which includes poor managerial treatment of workers, dishonesty and a lack of ethics, disrespect, bullying, and abusive or cut-throat behavior, was 10.4 times more important than pay as a reason employees left employers.3,… . . . read more.

HUMAN RESOURCES

How to retain high potential women during The Great Resignation

By Rosina L. Racioppi In the age of The Great Resignation, how can you retain the rising leaders in your organization? One solution is to build a culture that supports women’s advancement by using key strategies and resources as a hedge against career dissatisfaction. We are seeing many women who are shouldering an extra burden, taking on additional responsibilities at home and at work (where it is not unusual for women to take on additional projects). In truth, high potential women often try to take on just about everything. This is a major reason why women are leaving the workforce. According to the U.S. Bureau of Labor Statistics, there were 2.2 million fewer women in the labor force in October 2020 than October 2019. With this new reality, HR executives can play… . . . read more.

MANAGING STAFF

Will employees resign rather than get vaccinated?

By Lynne Curry Many anti-vax employees threaten to quit when their employers announce they’re considering a vaccination mandate. This shakes the confidence of employers considering vaccination mandates. What’s the truth? Many employees remain vaccine skeptics; more than a third of U.S. adults remain unvaccinated. But do they quit if told their job depends on it? It depends on the industry and it’s fewer than you think. You’ll find employees who refuse vaccines for a variety of heartfelt reasons. Some don’t want to have anyone mandate a personal health decision. Others have heard stories about individuals who’ve experienced vaccine complications, overlooking that many have died, become gravely ill, or continue experiencing long-term complications from COVID-19 because the disease caught them before they became vaccinated. Many hospital workers can tell real-life stories… . . . read more.

BLOG

How exit interviews support your management

By Paul Edwards  bio
Does your practice use exit interviews safely and beneficially? Small practices do not need to conduct these interviews in person—in fact…


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