CNBC reports that about one in four workers quit their job this year. It’s been called “The Big Quit.”
The trend will likely pick up speed before it slows down. A Gallup analysis finds that 48% of American workers are actively searching or watching for new opportunities.
So…how do you navigate “The Big Quit?”
Keep the Good Ones Close
If you have open positions, you may feel a frantic need to hire more people. But in many cases, the best way to stabilize a business is to increase retention.
Harvard Business Review offers a few solid tips to retain team members. The key is to check in regularly. As much as you can, make sure your team feels seen for who they are and what they contribute.
If you don’t have a structure in place for regular check-ins, I recommend reading or listening to Gino Wickman’s business classic, Traction.
Watch Exit Patterns
Pay attention to who’s leaving and why.
You’ll want to avoid the urge to offer a one-size fits all response. For example, do you tend to see younger workers leaving for higher pay, or office staff leaving for greater flexibility? Maybe both? The right response starts with seeing the pattern.
