One-third of the workforce has been hit hard by spring fever this year.
At the end of March, the insurance provider MetLife released its ninth annual Employee Benefits Trends Study. While the survey polled US organizations, the findings highlight trends that are sweeping across all of North America. Restlessness is happening in Ontario as much as elsewhere.
In the MetLife poll, no less than one in three employees reported that they want to work for another employer in the next 12 months.
Loyalty to employers has been ebbing over the last several years. The survey showed that three years ago 59% of full-time employees said they felt attached to their employer. But in the last quarter of 2010, only 47% reported the same devotion.
In reviewing the study, Anthony J. Nugent, executive VP at MetLife, attributed the loss of loyalty to the legacy of “do more with less” demands placed on downsized workforces of the past years.
At The Bagg Group, we get many calls from employees seeking new opportunities because they are worn thin by having to shoulder the workloads of those who were let go as part of a restructuring.
Interestingly, it’s the highest performers who are more likely to shop for new opportunities in the GTA. The MetLife survey noted the same phenomenon in the US.
After speaking with hundreds of A-level talent, The Bagg Group recruiters confirm that it’s never hard work that defeats the best employees. Instead, top talent look elsewhere when they are forced to devote too much time and energy to tasks that don’t require their skill or expertise. As a result, they’re frustrated because they’re unable to focus on work at which they can make the most difference, and which offers learning and growth potential.
Yet many employers appear unaware of the downward trend in loyalty. About half (51%) reported that their employees feel the same strong loyalty toward them today as they did several years ago.
The reality is nobody can afford to take anybody for granted nowadays. Loyalty isn’t a given, it needs to be fostered. And with four decades of experience in best workplace practices, we know that the way to nurture loyalty is to open the line of communications between employees and their direct reports.
The most effective solution to workplace frustrations always start to take shape during candid conversations between employees and their employers.
In the case of work overload, there is always an answer. The Bagg Group staffing solution experts work with organizations of all sizes, across the GTA, to create and fill new positions, hire experts on contract to take over projects, or bring in temporary placements to handle tasks. The result is higher employee retention and greater productivity.
But we can’t emphasize enough that an employee-employer relationship is just that – a relationship. And we all know that when two people in any relationship don’t communicate honestly and openly, at least one will dream about leaving. So in these times when high-performing employees say they are dreaming about jumping ship, start talking about how to make the relationship work.