Is long-term employee retention a losing battle?

[Finestream]

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?

For me, yes it is. The company will never have that trusted and reliable employees again if they start kicking off from their jobs. And most likely, the other companies will benefit them from then on. So if the company is responsible and does not want to lose some worth keeping employees, then they will always show some care and respect to them, that way, those employees will stay loyal to the company and maintain good performance while they are still in their jobs.

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[goldkingcoiner]

Long term employment is a relic of the past. Why would anyone wish to stay in a single role their whole life? Or work with a single company? People need change to grow and learn otherwise they are nothing but work slaves. A long time ago, back when jobs were very lucrative in pay and very rare, only the best and luckiest were selected. Obviously given the living conditions of those times the employees wanted to stay as long as possible. Because that job gave them a comfortable life. With time, employers became greedier and jobs became more abundant. Working no longer provided the same rewards as before.

Nowadays employers demand very high qualifications for crappy jobs with low pay. Even though the jobs themselves require minimal training time for new employees. So now its all about who pays more and because of this competitive market, people jump from one job to another, better paying one.

If employers sacrificed part of their profits for higher employee wages, they would have employees staying longer with them. But that is not cost effective, if you consider the cost of training new employees who accept lower wages.

[Quidat]

~

For me, yes it is. The company will never have that trusted and reliable employees again if they start kicking off from their jobs. And most likely, the other companies will benefit them from then on. So if the company is responsible and does not want to lose some worth keeping employees, then they will always show some care and respect to them, that way, those employees will stay loyal to the company and maintain good performance while they are still in their jobs.

Very normal for a company to be looking for someone whose productive which its their right whether they would really be firing or keeping those employees which i couldnt really blame out
companies on doing this considering that they are running off a business then it would really be normal that they would be looking for something efficient and productive since we do know
that they are aiming for more revenue but on the thing you had said and mentioned then you do actually have the point.Respect is also one of the key on getting those loyal
employees which would really be working under your company.

[justdimin]

Basically, not all employees have good performance in the long term, therefore it is necessary to select according to needs. The company has certain standards in terms of achievement as a set target, for that they recruit employees who are competent and in accordance with their knowledge, in contrast to working in a government environment which is generally less responsible for performance, while companies have greater standards and responsibilities.

However, if you are not the type of person who likes to be managed and does not want to follow the company's standard work system, then this job is not the right place for us to go.

Not all workers have the same talent, but not all companies have the same compensation neither. I have been working for the same person for over 6 years now, do you know how that happened? I am a good employee I think, I do my best, and he is a great boss and we found an amazing pairing, you know how? Because I do my best, and he pays me accordingly and even then some, and keeps me insanely happy, I would never even consider working for anyone else.

Do you think companies pay their employees like that? How many companies are out there paying people so much money that people would not even consider working for another company? Not a lot, most companies pay 50% of what you should be paid, that’s the problem.

[Falconer]

Do you think companies pay their employees like that? How many companies are out there paying people so much money that people would not even consider working for another company? Not a lot, most companies pay 50% of what you should be paid, that’s the problem.

There are rules that require companies to pay appropriate wages to their employees and they must be complied with. But maybe not all companies will comply with these rules when paying salaries to employees so that there will always be an incentive to leave and change jobs among their employees.

The problem is, many employees do not receive a salary that is in accordance with the minimum wage standard set by the government. So many employees complain about this, but they have to stay in their jobs considering the difficulty of other jobs to get.

I want to ask, does it make sense for you to earn $100 - $120 per month for 156 hours of work per month?

[batang_bitcoin]

The problem is, many employees do not receive a salary that is in accordance with the minimum wage standard set by the government. So many employees complain about this, but they have to stay in their jobs considering the difficulty of other jobs to get.

That's so true. There are companies and employers that are taking advantage of the situation and they're underpaying their employees because they know that they'll keep it and won't have an argument with their lesser than the minimum wage. They know and understands the hardship of finding a new job.

I want to ask, does it make sense for you to earn $100 - $120 per month for 156 hours of work per month?

This is very low but depends on the country, there are countries that have cheap ways of living and this can be appropriate there. But in actuality, this is beyond and lower than most minimum wage.

[Semar Mesem]

If we often change jobs then our skills will never be maximized, sometimes people think that by changing jobs then he can benefit, if we only come from a salary of course this is a wrong thing, companies pay salaries of course look at the skills we have, if we are paid low then the company sees that our skills are still low.

[Davian144]

If we often change jobs then our skills will never be maximized, sometimes people think that by changing jobs then he can benefit, if we only come from a salary of course this is a wrong thing, companies pay salaries of course look at the skills we have, if we are paid low then the company sees that our skills are still low.

Logically, when someone has worked in several places with different professions, it is clear that there will be a bit of different experience and different knowledge that he will get. Even though it won't be optimal, if he has a high will to continue to improve his abilities in certain fields that already have the basics, then nothing is impossible for him to get the maximum knowledge and abilities.

The company also places certain people with their respective expertise in the required fields because that is also based on the knowledge and experience that someone already has. Because companies only need employees who work well apart from having certain skills and the company obviously won't think about how much knowledge and experience you have gained while working there.

[Ultegra134]

Long term employment is a relic of the past. Why would anyone wish to stay in a single role their whole life? Or work with a single company? People need change to grow and learn otherwise they are nothing but work slaves. A long time ago, back when jobs were very lucrative in pay and very rare, only the best and luckiest were selected. Obviously given the living conditions of those times the employees wanted to stay as long as possible. Because that job gave them a comfortable life. With time, employers became greedier and jobs became more abundant. Working no longer provided the same rewards as before.

Nowadays employers demand very high qualifications for crappy jobs with low pay. Even though the jobs themselves require minimal training time for new employees. So now its all about who pays more and because of this competitive market, people jump from one job to another, better paying one.

If employers sacrificed part of their profits for higher employee wages, they would have employees staying longer with them. But that is not cost effective, if you consider the cost of training new employees who accept lower wages.

The only reason I can see is financial stability through one job or company that you acknowledge; we seek comfort in what we know and feel safe with. Change is sometimes difficult and may seem out of reach for some, which is one of the reasons someone would be hesitant to make such a switch. On the other hand, by switching jobs, you're much more likely to obtain a pay rise than by staying in the same job for years. 

Another article I recently read claimed that the average increase in salary for someone who's staying at a specific job for years is up to 4–5%, while changing jobs can achieve up to 20%. I can't vouch for the validity of such claims, but it sounds possible. Long-term employees are rarely appreciated until their resignation comes. 

[batang_bitcoin]

~snip~

when your time ends at some place you are suppose to move from that place.

I still don't get what that means but if it's about the low salary then it's really just going to be an adaption matter. You'll have to depend on that place and as well as your way of living.
Whether it's a small amount of salary per month and companies won't think about your welfare, you'll just have to do the things on your own and do all the adjustments.

[TheUltraElite]

when your time ends at some place you are suppose to move from that place.

That is one way of saying it. But someone having the skills will be able to move on to another place. The difference is between the old and the young, the young are usually trying to settle, so they will accept the lower payment at a new or old place while the older user will try to retain their position in the company and not move.

There are exceptions but trying to maintain the status quo is what majority of people try to do over time. It is a sense of comfort with regular routine and regular place to work in.

Even then, getting laid off is bad thing both emotionally and economically. I do hope the future generations understand this and attempt in hobs that they have interest or a passion in.

[adiksau0414]

Due to technology booming success, mostly people (specially in GenZ) can find easier job, without a boss (like vlogging, affiliation, etc). Most of the business also have a major crisis in starting after a long vacation from the pandemic that can't afford to hire their previous employees. Sadly, most of the 90's baby is much affected by it. I just not ok to that people nowadays don't like so much work, but can't blame them because the hardworkers sometimes received small amount of compensation rather than those who enjoying videoing themselves and can earn thousands of dollar.

[yhiaali3]

They will be forced to win the battle in the long run, otherwise they will lose all their employees and stop their companies. Sooner or later companies will realize that continuing with this same policy will cause them to lose their employees and stop their business, so I expect that they will start improving the standard of living and salaries to ensure the survival of their employees.
 But at the same time, companies are going through difficult times as a result of the bad global economic situation, so they may look for other solutions, for example, using workers from other countries who accept lower wages and a lower standard of living, but certainly these workers will not be of the same quality and experience as the resigning workers and this will have a negative impact bad in the long run.

[Crypto Legend]

When someone is comfortable working in a company, most of them will be loyal and accept even with a small salary, I have worked in a company and mostly filled with employees who have been working for more than 20 years, of course it is very difficult to find or move to work if I have worked too long at one place.

[Yatsan]

When someone is comfortable working in a company, most of them will be loyal and accept even with a small salary, I have worked in a company and mostly filled with employees who have been working for more than 20 years, of course it is very difficult to find or move to work if I have worked too long at one place.

Indeed evident. An employee could seek for a high salary but would encounter toxic environments. For people who became employees for years, they settle for things which are more important to them. Some would choose salary over environment but we cannot blame those who wants a peaceful life as an employee. We do all have different circumstances. If you are needing money then you're morr likely to last in a company which pays high but if you're not having that much of problem, you'd be good with a healthy working environment. It depends on the individual because that would be your preference.

[19Nov16]

The presence of technology allows anyone to change work easily and quickly, I also feel the easy to send an online job application application and get the opportunity to work, of course I adjust the right time to be able to take the test in the company that I am aiming for, of course the main reason is the offer of salary higher.

[MarjorieZimmermanGinger]

Not all workers have the same talent, but not all companies have the same compensation neither. I have been working for the same person for over 6 years now, do you know how that happened? I am a good employee I think, I do my best, and he is a great boss and we found an amazing pairing, you know how? Because I do my best, and he pays me accordingly and even then some, and keeps me insanely happy, I would never even consider working for anyone else.

That is why companies need to choose people who are suitable in their work, companies also have standards for the selection of employees they recruit, so they can work according to the duties charged, the company's compensation is different, if you have worked well according to the standards What is set, then surely the company will pay compensation that is in accordance with the employment contract agreement, it is the obligation of the company and cannot commit violations of compensation, because workers are protected by law and the company cannot ignore it.

Do you think companies pay their employees like that? How many companies are out there paying people so much money that people would not even consider working for another company? Not a lot, most companies pay 50% of what you should be paid, that’s the problem.

That should be done by the company and pay employees in accordance with the agreement, this cannot be ignored by the company, because workers can sue the company if they do not pay appropriate compensation. I don't understand what you mean most companies pay 50% that you should pay.

[CageMabok]

When someone is comfortable working in a company, most of them will be loyal and accept even with a small salary, I have worked in a company and mostly filled with employees who have been working for more than 20 years, of course it is very difficult to find or move to work if I have worked too long at one place.

A comfort is indeed very difficult to exchange for a bigger salary at another company, because working comfortably is everyone's dream besides they are looking for money. It is indeed very logical to maintain because everyone also will not be able to last long on a large salary if there is no comfort when they work. And besides that, the difficulty of getting a job with a big salary can also be the main reason for some people who still want to stick with their old job even though their income doesn't increase.

[xSkylarx]

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.

Employees leave their jobs because the company does not care about them; they have few benefits and a low salary and treat employees like robots. I am also planning to quit my job in the next 6 months due to a low salary and many tasks you need to do but no salary increase. This can make the employee burn out, and I am sure it could affect the company's transaction if they quit immediately without proper handover. I'm not sure when they will recognize their employees' efforts, but they should begin focusing on employee development now so they can later focus on expanding their business.

[CageMabok]

For some people - they would want to change the environment every year some people want to stick to one place.
There is a big telecom company in my country - when people leave that - they are always unhappy for resigning. I think if you a comfortable at one place stay there and dont be over effect

The advice you give is not wrong, but it's just more suitable for those who prioritize comfort without prioritizing a large salary. Because some people who are aiming for a big salary or income will not always prioritize comfort as long as they can be able to survive in a job that has no comfort at all.

But if the choice is intended for me personally, then I will choose a job with a higher salary, because comfort will come by itself when we truly enjoy and love our work.
Although, as I said before, where getting a job with a higher salary is not an easy matter at this time, so most people will only choose a comfortable job with a modest salary.