The situation: we’re in the middle of The Big Quit
The problem: money is no longer enough to motivate employees
The opportunity: understanding your employees’ choice psychology
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The solution: the real crisis is a crisis in appreciation and personal growth
There is, in fact, something interesting going on. If you ask employees about reasons for changing employers, higher salary is indeed cited as the number one reason. But this is closely followed by a better work-life balance, more challenge and more meaningful work. Asked about behaviour, “What would you actually leave your employer for?” very different factors emerged. A whopping 1/4 of ‘overachievers’ said they missed recognition. Followed by: ‘I am not happy in my current team’ (social), ‘I have no opportunities to grow’ (emotional) and ‘I want to learn something new’ (emotional). The major work crisis appears to be mainly a crisis in appreciation and personal growth. Yes, salary is absolutely important, but rather a prerequisite. It is an improvement in achieving the emotional and social jobs-to-be-done by which you, as a manager, are most likely to retain your talent. But how do you do that? Here are 3 tips.
Tip 1: Provide context and make personal impact clear
Tip 2: Be mindful of commitment and express appreciation
BONUS: Read the entire research paper
We have written this free Whitepaper 'Workers are massively firing their employers' especially for you. With all the results from our research and concrete tips on how you can get started with these behavioural insights. A present from us to you.