Is long-term employee retention a losing battle?

[AicecreaME]

Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.

Being an employee is unavoidable especially if you're trying to put food in the table for your family, or even for yourself, and greedy companies take this as an advantage making their employees taken for granted while gaining only stress, depression, and other emotional sickness.

[1714647239]

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[palle11]

Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.

Increase of minimum wage is not the solution. If you keep increasing minimum wage it only will lead into more inflation. The government need to have a strategic plan to build more industries so that there will be choice of work to choose from and people who are skilled and qualified will be properly enumerated and won't have need to keep jumping from one job to the other and get under paid.

[Marvell1]

Being an employee is unavoidable especially if you're trying to put food in the table for your family, or even for yourself, and greedy companies take this as an advantage making their employees taken for granted while gaining only stress, depression, and other emotional sickness.

As an employee, you will always be under a lot of pressure even being seen as exploitative but it is inevitable and should not be blamed entirely on the government or the company. Instead, use it as a motivation to help yourself find a way to overcome yourself, the more difficult it is, the more you have to fight if you want to have a better life. Successful people or our bosses, to get to where they are today, they have had to go through hundreds of such hardships. If it's society, don't expect justice, if you want to get rid of it, try harder.

Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.

Increase of minimum wage is not the solution. If you keep increasing minimum wage it only will lead into more inflation. The government need to have a strategic plan to build more industries so that there will be choice of work to choose from and people who are skilled and qualified will be properly enumerated and won't have need to keep jumping from one job to the other and get under paid.

Exactly, commodity prices increase and if the government raises wages to balance people's living standards, it will cause faster inflation. That's why many blame the government for not taking any decision to force companies to raise wages for workers.

[Jemzx00]

Most of the wealthy people are greedy, who wants more money by giving a lot of work loads on their employees with their lower than minimum wage. I think the first one should act is the Government, for the company owners to change this very awful behavior since the beginning. Government should increase the minimum wage because we're in the era where everything is expensive.

Increase of minimum wage is not the solution. If you keep increasing minimum wage it only will lead into more inflation. The government need to have a strategic plan to build more industries so that there will be choice of work to choose from and people who are skilled and qualified will be properly enumerated and won't have need to keep jumping from one job to the other and get under paid.

Exactly, commodity prices increase and if the government raises wages to balance people's living standards, it will cause faster inflation. That's why many blame the government for not taking any decision to force companies to raise wages for workers.

I guess this varies from country to country as some countries had already experienced a ton of inflation for the past years, yet the minimum wage has not been changed ever since to cope up with all the price increases that happened. It is not always the government's fault however there are some where they are such as on my country. If in any case, they won't be able to change or increase the wages of workers, then they should focus on controlling and minimizing the effect of inflation on the country.

Increasing the minimum wage may not always be the best choice but at least make it proportional to the workload given to each and every worker. Some companies set minimum wage on their job, but it isn't proportional to the workload assigned to it.  

[Frankolala]

I don't think they are losing the employees but the employees can not be satisfied. They end up disappointing their employers when they see a better offer since human wants can not be satisfied. Instead of companies having in mind to do everything to keep an employee by giving him bonuses and planning big for him when he will be retiring, it is better you don't do it because it is old fashion. If that employee since a better offer from another company he will leave for that new company. It shows that no need of planning to keep them to yourself till retirement because it might not work.
Employees will leave because the country economy is going down leading to inflation and their salary will not be increased .

I like the concept of teaching the employees a skill or something adding more value to their lives,this might inspire the employee to work with happily and efficiently even though he or she is leaving the company will still remain in the heart of the employee. Mobile jobs are everywhere and most people prefer to control their jobs by themselves. So many persons has learned from the past

[cheezcarls]

Years ago, I worked as a full-time virtual customer relations manager in a foreign-owned VA company. I left because not only that I am very stressed of the work, but the boss himself isn’t taking care of his employees very well. He is not open to our suggestions, ideas, etc., that would have changed the game for the company, but he is so close-minded.

Plus, there are times that I needed to work 16 hours because of the absence of my co-manager like he doesn’t if I’m sick. He just only cares about our performance, revenues, number of orders, reaching quota, etc. I only lasted 5 months with them.

Afterward, I noticed that some of my co-employees also left the company until the project itself failed and closed. Relationship really matters between the employer and employees. It’s the most important thing to hold on rather than just money-related. It’s all about the boss being open-minded and being a down to earth and approachable person to give employees the opportunity to grow and not just being treated like “bots”.

[Cryptomultiplier]

Reading this article, I couldn't help but wonder about a lot of things that have gone wrong and is going wrong in companies. Some of these companies are know that employees leaving are a problem and are making efforts to fix it while other who know, ,amy have chosen to ignore it.
Below are some important points highlighted in the article.

According to the report, more than 6.5 million people (20% of the U.K. workforce) are expected to quit their job in the next 12 months, according to estimates from the Charted Institute of Personnel and Development (CIPD), which published the data in June after surveying more than 6,000 workers. That’s up from 2021, when 16% of the U.K. workforce said they plan to quit within a year, according to the CIPD. Meanwhile, in March Microsoft’s global Work Trend Index found that 52% of Gen Zers and Millennials — the two generations that represent the vast majority of the workforce — were likely to consider changing jobs within the following year.

Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence.

What do you think? Are companies losing the battle for long term employee retention?

Many times it is as if working for a company does more harm than good. That is, the way most companies nowadays operate, humanity is behind while profit is the leader. The data presented actually depicts how the workforce feels and how they have been responding. Most leadership positions these look for the most heartless not caring, because the heartless or emotionless individuals give no hoots ass as to whether one is sound or not
 All they are about is job completion and performance both without and with pressure and how soon or how much load does such persons endure.
The environment is more competitive and those who are soft are bullied into becoming hard and careless as well.  Emotional intelligence I say is way better than skills and performance because one who understands a fellow humans condition and empathises with them has definitely won them over and such employee can  become the best. But reality often sees the one with more emotional intelligence as a potential instigator of choas, that is why they often times promote the hard man/woman over the emotional intelligent person because of how they can manipulate using fear. No wonder more gen *z opt to leave a job for another because they feel intimidated or compulsed. The worst of all is having other employees or management prying into individual lives and  use of their personal time, also that of boredom or being a zombie in a job without meaning. Hence, why staying too long in a particular company is bad and why most persons quit or change jobs easily these days.

[YOSHIE]

What do you think? Are companies losing the battle for long term employee retention?

I think in this case the company should do some tips and main retention goals for employees in improving their performance, so that they don't get bored and quit, apart from the mission, vision and some planning, I think the company needs other things to increase their employee retention for the long term.

As an example:
• compensation, rewards, financial support or additional bonuses, skills, comfort for employees to improve and create a positive and healthy work environment, in my opinion, very important, for the company to do for employees to stay comfortable, in cases like this I judge the company has failed / lost in maintaining and developing retention for employees, because it does not attach importance to the main points for employees.

What is certain is that management and economic factors financially must also be improved. That is a factor that must be implemented properly, automatically employees will improve their skills, so that I believe employees have no reason to quit and look for new jobs.

Conclusion: In this case to increase retention for employees so that the battle does remain win not lose, employees can be retained in the long term, method, Of course the owner of the company in general what needs to be considered is developing an efficient strategy, perhaps both in making decisions for employees and also including financial strategies to create long-term tenure.

[Marvell1]

~~

I guess this varies from country to country as some countries had already experienced a ton of inflation for the past years, yet the minimum wage has not been changed ever since to cope up with all the price increases that happened. It is not always the government's fault however there are some where they are such as on my country. If in any case, they won't be able to change or increase the wages of workers, then they should focus on controlling and minimizing the effect of inflation on the country.

Increasing the minimum wage may not always be the best choice but at least make it proportional to the workload given to each and every worker. Some companies set minimum wage on their job, but it isn't proportional to the workload assigned to it.  

It is not proportional in your eyes but it is proportional to the business owner. You have to understand that in order to keep your business afloat, a business needs to consider a thousand different factors, not just worrying about employee pay.

If an employee is in trouble, the company can help them, but when the company is in trouble, on the verge of bankruptcy, will any employee accept that he will work to support the company, such as For example, he will work for 1 to 2 months without pay to help the company overcome difficulties. I bet you they will run away immediately when they hear the company is in trouble so the company must always make the right calculation to keep their business afloat.

It is really difficult to come up with a complete solution for your business and your employees, if the company does not meet your needs and you are confident that you deserve more than you are getting. You should find a better company instead of blaming them.

[jrrsparkles]

Reading this article, I couldn't help but wonder about a lot of things that have gone wrong and is going wrong in companies. Some of these companies are know that employees leaving are a problem and are making efforts to fix it while other who know, ,amy have chosen to ignore it.
Below are some important points highlighted in the article.

According to the report, more than 6.5 million people (20% of the U.K. workforce) are expected to quit their job in the next 12 months, according to estimates from the Charted Institute of Personnel and Development (CIPD), which published the data in June after surveying more than 6,000 workers. That’s up from 2021, when 16% of the U.K. workforce said they plan to quit within a year, according to the CIPD. Meanwhile, in March Microsoft’s global Work Trend Index found that 52% of Gen Zers and Millennials — the two generations that represent the vast majority of the workforce — were likely to consider changing jobs within the following year.

Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence.

What do you think? Are companies losing the battle for long term employee retention?

Seriously? No they are just joking and everyone knows how hard it is getting to find a job so even they are not satisfied with their job they are not going to quit unless they find a better paying job that is the reality.

Let's assume if they are really going to quit the job then companies have options to hire freshers with less pay and can impose more workload and the evolution is going towards automation so in future workforce needed will be less so employees are in more danger than the companies in this equation.

Most of the companies are treating their employees good, but they can't pay someone for nothing.

[Renampun]

...
What do you think? Are companies losing the battle for long term employee retention?

I don't know whether the data is accurate or not, if the employee stops working, how do they meet their daily needs, does the state pay for their living expenses or the state pays them a salary?
but in this case, different regions have different problems too, in my country because there are many job applicants, the majority of companies give tough qualifications to the applicant.

but if the company does not give their employees comfort then the company will find it difficult to retain their employees for the long term. Many experienced employees will definitely try to find job vacancies in other companies.

[dothebeats]

Employee retention is an uphill battle especially if employers are not willing to up their game in the job market. Common reasons why an employee leaves the company is because of being underpaid, or thinks that they are underpaid because they find out that X company gives their employees a few percent more than what they are receiving on current company, while also getting the most benefits and the most leeway for the employee. Another reason is the limited 'growth' an employee sees on their current employer. Most employees dream of being promoted and being paid more, but that usually isn't the case hence they will look for other employers that will give them this opportunity and snatch it at a moment's notice.

On the employer's side of things, it will be hard since you can't simply just up your employees' wages if your revenue remains the same. There's a lot of variables involved in the employers' side that employees would simply not care at all, because all they want is get paid for the work they exerted (and that's okay). It's a tough world out there, and I know how hard it is for both parties given this time of economic turmoil all around the world.

[Cryptmuster]

The main reason why employees leave companies can be on lack of incentives or rather lack of growth. Some of these companies are too rigid to the extent that its workers have less time to spend with family or even time for themselves. Some work six days in a week at at least 10hours daily. Another thing that prompts some workers to seek greener pasture else might be because they are not comfortable with shifts allocated to them, lack of growth within the company like raising in ranks easily like government owned work places. It could also be due to fear, some companies scare there workers with sack and they feel threatened so when better jobs opportunities come they turn to jump on it. Some of this companies also don't have retirement plans like pensions and workers tend to look for pensionable jobs since its hard to save for some during their active working days. Irregular transfers of employees by employers can effect the switching of jobs or people seeking to be independent.

A lot depends on the upbringing that parents were able to lay in their children, how hardworking and purposeful they are. Parents who devoted very little time to their children, because they were constantly at work, literally let their children make their own choices. And in this case, it is clear that they will choose the easiest way. Work is important for everyone, idleness gives a lot of time to do stupid things.

[KingsDen]

Examining this condition from another angle will make you understand that some employees naturally do not want to work for so long for their employers. Some have business skills that they need some money to save up and open their business, some also wants to own their own company maybe they came for some experiences.

So anyone that has their different ambition to pursue will only work with a company for a short period of time before they find their ways. Any determined person will leave a company no matter how good the company treats the person. They might not decide to trade their future with monthly payments.

[Mauser]

What do you think? Are companies losing the battle for long term employee retention?

To me it seems so that companies are struggling to keep employee for a longer period of time in today's world. Maybe it's a new generations thing and part of the mindset of employees now to always look for a better deal, for a new promotions or higher salary. Like what we are doing with shopping these days, we are not sticking to one stores we like and we have been there in the past, rather we compare prices all across countries to find the one store that offers a little bit better deal. When I think of my grand father or even father, the both worked only for two different companies in their whole life. What was a big difference for them compared to me now is that the companies they worked for had a special retirement plan, you need to work a minimum of 30 years for them and then you became eligible for a private retirement payout. The money you get on top of your government retirement money is large part of the salary and it would make no sense to switch companies after working their 20 years. Today it is very different, special retirement packages are independent from the company and an employee can take it with him when he switches the company. There is no real incentive anymore to only stick to one or two companies your whole life.

[YUriy1991]

What do you think? Are companies losing the battle for long term employee retention?

The simple answer is, no, it's not a losing battle. A company can retain any number of employees and everyone's needs in important ways. Reducing turnover is one goal to achieve, but a company can also enhance employee retention by engaging the current workforce in more meaningful and effective ways while also working to decrease the number of their hires who leave within just six months of their first day.

[Kakmakr]

The Generation Z kids do not believe in the same things that the Generation X believed in... namely ==> Staying with one company until they pension.... they are "Zoomers" and they like to Job hop from one job to the next.

Companies should actually welcome this trend, because it brings new ideas to the company and their labor cost are also kept lower in the long run. (Long-term employees normally have inflated salaries for the same job description) 

[DanWalker]

I don't know whether the data is accurate or not, if the employee stops working, how do they meet their daily needs, does the state pay for their living expenses or the state pays them a salary?

There is nothing wrong with the data as this is just a random survey and there is no guarantee that it will happen. This is what I'm thinking, what will they do for a living if they quit? Will they do business? Not everyone can afford to do that. So I don't think this will happen.

but in this case, different regions have different problems too, in my country because there are many job applicants, the majority of companies give tough qualifications to the applicant.

but if the company does not give their employees comfort then the company will find it difficult to retain their employees for the long term. Many experienced employees will definitely try to find job vacancies in other companies.

This is happening in my area too, unemployment is very high and people are rushing to find work, almost they are willing to do any job that is not their specialty as long as it can earn money and help them make ends meet. For highly qualified people, they will have the right to demand or choose, but for workers, they have almost no right to choose and workers make up the majority of us.

[Fortify]

Reading this article, I couldn't help but wonder about a lot of things that have gone wrong and is going wrong in companies. Some of these companies are know that employees leaving are a problem and are making efforts to fix it while other who know, ,amy have chosen to ignore it.
Below are some important points highlighted in the article.

According to the report, more than 6.5 million people (20% of the U.K. workforce) are expected to quit their job in the next 12 months, according to estimates from the Charted Institute of Personnel and Development (CIPD), which published the data in June after surveying more than 6,000 workers. That’s up from 2021, when 16% of the U.K. workforce said they plan to quit within a year, according to the CIPD. Meanwhile, in March Microsoft’s global Work Trend Index found that 52% of Gen Zers and Millennials — the two generations that represent the vast majority of the workforce — were likely to consider changing jobs within the following year.

Data do not lie. If these companies do not want to keep losing this battle they have to start caring about their employees. They have to treat their employees great. In this day and age companies need to start to try to be human and actually care about what their employees care about or at least putting it on the same pedestal with the degree at which the company cares about making profit. We need new generational leaders who are high on emotional intelligence.

What do you think? Are companies losing the battle for long term employee retention?

It is a double edged sword in many situations, yes you want to retain the very best, innovative and adaptable employees in your company but many employees can get very complacent in their jobs leading to lower productivity and eventual obsolescence of their company. Employees can also naturally expect pay rises over time, even though they are unwilling to take pay cuts during much tougher times for the company and older employees will generally attract much higher costs while potentially coasting on previous goodwill. Few companies in most industries can be successful with very high turnover, because often a lot of experience and skill is lost over time which can be very beneficial.

[TimeTeller]

The Generation Z kids do not believe in the same things that the Generation X believed in... namely ==> Staying with one company until they pension.... they are "Zoomers" and they like to Job hop from one job to the next.

Companies should actually welcome this trend, because it brings new ideas to the company and their labor cost are also kept lower in the long run. (Long-term employees normally have inflated salaries for the same job description)  

Times are changing and so with our generation of young adults.
They may have different preferences in life and so with their work desires.
Companies should think that this is not unusual but because of evolving taste of every generation,
owed to evolving environment and advancement of technology. Their options seems to be varied these days.
Most are not keeping up with the tradition of retiring from their job after long years of working.
This battle is not new anyway, it just revitalized throughout the years because of our changing environment.