Looking to beat the Great Resignation? Try investing in your employee experience
Say goodbye to the pandemic blues – 2022 is the year of the employee.
If the past months have taught us anything, it’s that an organization is only as good as their people. As painful as COVID was, it did teach the C-suite a lesson – namely that without loyal workers, brought about by authentic recognition and compassionate leadership, you have nothing at all.
“The world of work has changed – connection is becoming a measure of workforce culture,” added Iman Masud, executive human resources relationship manager at ADP Canada. “People and purpose will be at the centre. The ADP Research Institute found that workers who feel they’re strongly connected to their employer are 75 times more likely to be fully engaged than those who don’t feel connected. Workforce flexibility will stretch beyond perceived limits and employers will embrace people-centred initiatives to build a workplace where everyone can thrive.”
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As the race for talent heats up, the Great Resignation is on the rise – as more and more employees opt to leave their current role in search of greener pastures. To combat this mega turnover, employers should look at enhancing their current employee experience and investing more in internal development rather than expensive recruitment.
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“This has been, and will continue to be, very important, as competition for talent remains at an all-time high,” Masud told HRD. “A recent ADP Canada study shows that while salary and benefits has historically topped the list of incentives for current and prospective employees, for the first time ever work-life balance now outweighs pay. And it appears as though the shrewdest of employers are responding - with one-in-five (19%) of employed Canadians indicating they have been approached by a competing employer in the past six months and offered better working conditions. Moreover, when asked about their next work-life move, 63% of Canadians have started to think about it.
“The data shows there has been a significant shift in what Canadians value within their current workplace, and what they're looking for from future employers. Given this competitive atmosphere, employers should be mindful of everything from workload to stress levels to even what’s happening outside of the workplace. 2022 will indeed be the year of the employee.”
