2021 was the year of The Great Resignation. Around the globe, we saw record numbers of people quitting their jobs, which has resulted in tight labor markets.
According to experts, these are some of the reasons why The Great Resignation is happening:
- Backlog of employees who wanted to resign before the pandemic but held on a bit longer
- Burnout, especially among frontline workers
- “Pandemic epiphanies” in which people experienced major shifts in identity and purpose that led them to pursue new careers or start their own businesses
- An aversion to returning to offices after a year or more of working remotely
This phenomenon is also being carried over to 2022. It can be concluded that the way we work has changed, at least for now. The trend towards remote and flexible working will continue, and the number of enterprise digital transformation programs will likely increase.
So now, how do you counteract the effects of The Great Resignation on your operations?
Understand how employees’ needs, priorities, and expectations have changed
Businesses are increasingly requesting, in some cases requiring, employees to return to the workplace. However, employers must understand that employees’ lives have changed substantially because of the pandemic; they’ve been homeschooling children, started a side business, or even moved to a farther area which makes commuting to the office more difficult.
Make your salary and benefits competitive
The Great Resignation proved to many companies that money isn’t the only driving factor behind competent employees leaving their companies. However, it won’t hurt to pay them more to sweeten the deal.
Enhance the employee experience
Outside of compensation and benefits, a positive employee experience is essential to retaining your talent. Essential elements of the employee experience include quality of employee-supervisor relationships, quality of peer relationships, opportunities for growth and development, a sense of purpose in one’s work, perks, flexible work arrangements, and amenities within the physical workplace.
Augment your workforce with offshore staff
Burnout from consistent heavy workloads is one of the leading reasons employees file their resignation letters. If you can’t hire full-time employees to distribute the burden evenly, you can tap a trusted outsourcing company in the Philippines to find quality offshore staff for you.
Satellite Office is your expert offshoring partner
Satellite Office has a proven track record of assisting businesses to leverage the benefits of outsourcing by building them a dedicated, highly skilled, and cost-efficient offshore team in the Philippines.
Our tailored offshore outsourcing solutions give businesses full control of their remote team’s productivity, output quality, and targets, while we provide comprehensive support that makes managing offshore employees as simple as possible. Experience a full-service model, including premium facilities, HR, IT infrastructure, account management, and payroll support services, with no hidden fees.