People are the heart and sole of your organization, your team or your business. Burnout correction and avoidance is crucial if CEO's want to slow retention and increase engagement.
The Great Resignation has caused concern and frustration, when the energy and efforts are focused on finding new talent, retaining those in place is even more beneficial to your bottom line. Simple math highlights the cost to hire, train and integrate a new team member is significantly less than retaining the current members. The additional stress placed on the remaining employees increases the chance of chronic stress and burnout.
According to Gallup only 34% of US employees are productive, engaged and inspired in 2021.
If something was effecting 60% of your employees, would it be important to you to do something about it?
Would it be beneficial to your profits reclaim some of the lost hours from absenteeism, productivity, health ., motivation and engagement?
The term presenteeism is a newer term describing those who show up but do little or no work. This is the group who need your focus and attention to recommit to what they said yes to when you hired them .
How to motivate those 7 out of 10 who "Quit without Leaving"
Foster gratitude
Inquire to the ambitions visions or goals each team member has. then LISTEN really listen. return within a week, reiterate what you heard and line up with the visions of the team or the company along with steps to continue to assist in achieving the mutual goals.
Value Time....
Both their time, yours and the rest of the team with a No Agenda, No Attenda policy Help to foster meaningful meetings with a specific and measurable outcomernout.
Manage expectations with clearly defined roles and responsibilities.
Define opportunities for career growth ... Know what direction and employee wants to grow with with a check in every quarter. Time consuming in a large organization, yes, but an investment of time saves an output of cash replacing a good employee with goals and ambitions.
Bring compassion, communication and collaboration to remote and hybrid workers. There are new and innovated companies that are gamifying the age old conversations around the water cooler. Check out BonfireHQ, and Presto
My wise father always said, investing in is cheaper than buying new. Admittedly, he was referring to a car, but for this time I think it is equally as applicable too.