Turnover: Musical Chairs Begin!

The game of “musical chairs” has begun as employees begin to jump ship for better employment opportunities.  The aftermath of a recession is employee disengagement.  Unfortunately, your key players won’t tell you they are dissatisfied until they are walking out the door.  As well-performing companies start to cherry pick top talent, it begins a chain of employee turnover events that will affect many companies.

72% of employers restructured or laid off employees since the recession began in 2008.  The effect has been a significant drop in employee commitment and loyalty.  Engagement has dropped 23% among top performers. 

And, in a recent Spherion Staffing Services survey, 45% of US workers indicated their relationship with their boss has been affected by the recession, of which 75% adversely.  

With these staggering statistics, it would be reasonable to assume that someone in your troops may be looking for greener pastures, and it might be long-term key employees. 

Perhaps there is no better time than now to start a proactive sourcing strategy so you are not caught unprepared when a key staff member jumps ship.