Employers think that just because you’re here today, they’ve got you “locked” for tomorrow.
But the Federal Government is seeing their workers retire so quickly, they’re facing a real shortage.
But the same trend affects all businesses according to Forbes.
Employees are poised to leave in droves because they feel slighted and unappreciated. It’s not just the salary… it’s the sense that there’s no logic in promotions and recognition.
It’s the feeling that even though companies advertise in house “openings” the slots are filled before anyone applies and one of the “insiders” or “old boy network” gets it whether they know what the heck is going on or not. That’s why Dilbert is so popular.
So the turnover isn’t always logical… it’s more an emotional reaction that prompts the growth of sites like Monster, Career Builder, etc.
By reducing turnover, companies could save millions. But that would require not being like a company that resembles a Dilbert cartoon… it’s probably not going to happen.
But now, the competition isn’t just from other corporations, it’s from self-employment and working from home.
All too many employees have come to regard corporations as promise breakers and, as such, hypocritical and untrustworthy.
In particular, employees assign these less than complimentary attributes to their managers. Workers no longer see the point of company loyalty, while many feel betrayed and angry. Indeed, many of those who feel violated by employers actually begin a job search as an act of revenge.
Deepening job dissatisfaction, together with the potential shortage of “knowledge” workers and management talent, makes for an explosive combination, a perfect storm that could spur further waves of voluntary job moves and heighten employee turnover. Furthermore, it is very important to highlight a major cultural shift. The stigma long associated with jumping frequently from job to job has diminished dramatically and is all but gone. As recently as 10 years ago, recruiters would have balked at representing a candidate with three jobs in the last five years.
Now no one blinks. A typical American holds more than eight different jobs between the ages of 18 and 32 alone. Recent research shows that 85% of American workers expect to be employed by a new company within 12 months. Such statistics weigh on the minds of employers everywhere.
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