For many, the start of a new year is a time to reflect and restrategize, so it's little wonder that the number of job seekers spikes in January. According to Gallup's 2017 State of the American Workplace, a whopping 51% of employees are searching for new jobs or watching for new job opportunities. 47% are also optimistic about their search, saying that now is a great time to make the switch.
This can spell trouble for managers, as the cost of hiring, training, and developing a new hire can take a serious toll on time and productivity. So how do you halt high employee turnover and keep your top performers in the team? Start with these four steps, according to Inc.
1. Discuss a new position within the company. If you're aware a leading employee is looking externally, search for jobs within the company instead. Let them know they have options before they resign.
2. Schedule a development meeting. Convince them they can grow and develop their career best with you and set short and longterm goals to show you're serious about their progression.
3. Conduct a "stay" interview. Inc. recommends asking certain questions before they find a new job. Examples include, What work are you interested in doing? Do you feel your strengths are being used to their full potential?
4. Offer recognition. Create an environment where great employees are recognized within the team.