Every office is struggling with hiring and employee retention. I read and study it with fascination. The Industrial Age left employees with few options and they stayed because it was safe. The Information Age inspired a standard of living that employees aspired to and climbing the corporate ladder was what kept people motivated. After the economic crash of 2008 the Social Age emerged where people want quality of life because the economy and jobs are too unforgiving and unstable. We have to adapt because creating cultures that play to past Age dynamics are not working.
Create an environment where employees have an opportunity to learn, grow, expand, explore. Options are abundant for employees. Contracts and incentives to stay don’t work. Don’t expect their loyalty or that they need you because your company is the biggest, or that the safety of their secure job will keep them. They’ll leave for a better opportunity to challenge themselves. You must be their...