Employees leaving a company is never a good thing, but working with profound generational differences a company can make sure to prevent this type of thing from happening. Persuading an employee to stay when they have already decided to leave is a very hard thing to do. Any business can become successful, as long as they learn what they need to, to be able to keep their employees from deciding to leave.
With the recession very prominent, there are several businesses that are struggling, but they need to make sure not to forget their employee's happiness. Many businesses expect employees to be happy even though they are making several decisions like freezing salaries and letting employees go. By having so many cutbacks happening, employees will show, with their performance, how unhappy they are. There is a good chance that more than 55% of employees are going to look for new jobs once the economy starts to get better.
Although companies may think they are saving money this way, it is only a temporary thing. While many consider money to be the only reason an employee would leave, it could be that they do not get along with co-workers. Before it may be too late on the morale of the team, companies will need to learn how they can better manage the noticeable generational differences. The fact is that, whether you believe it or not, more than 25% of the performers and 75% of the younger generation will leave if unhappy.
A company will only find more and more trouble with the recession and the added factor of having the moral in their company drop drastically. A company must make the decision to make certain changes or this will greatly hurt a company. You should never wait until it comes to your employees leaving for you to start thinking of ways to prevent this from happening in the first place. The atmosphere of a company can do many things to motivate an employee to stay; regardless of things like salary freezing, they will wait.
You could say that showing employees you care could possibly keep them from leaving. You can show that you are truly concerned about each person, by making sure that you listen to each employees concerns; letting everyone give their opinions. Every generation is different and there will be specific wants and needs that come along with each one. Communication within the workplace should be pretty open and this is going to help with having a stable and lasting work relationship.
Making sure you employees know what is going on within the company is important during these rough times. Letting the employees know that they are cared about and respected will help employees be more understanding. You need to consider that not every employee is the same; keeping up with distinct generational differences is going to make sure the company runs smoothly.
