Expect 2010 to be the year of musical chairs 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, more than 40% of top performing employees reported that pay and benefit cuts have had an adverse impact on work quality and customer service according to a Watson Wyatt survey.
One simple and cost effective way to keep your employees engaged is to offer professional development training. iLearningGlobal is an example of an excellent web-based training tool that offers employees ideas on marketing, sales, service, and business strategy all in a motivational fashion. Take proactive steps today to foster improved employee engagement.