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You Can’t Buy Employee Loyalty!
Studies show that employees will be searching for and considering new job opportunities this year at an alarming rate. Companies and Human Resource professionals beware…increasing compensation and benefits is no longer enough to inspire loyalty!
During this time when the economy seems to be recovering, many organizations are especially concerned about their employees seeking other work. Did you know that according to a recent survey conducted by Harris Interactive, despite high job satisfaction, 74% of employed full-time and part-time workers would consider a new job opportunity?
Looking at these numbers it becomes clear that supporting internal career advancement is of utmost importance, right? This can in turn help the 20% of employees dissatisfied with their current role move into something more appropriate as well. In addition, the 22% dissatisfied with their pay or benefits can work to move internally to a higher paying position. This is related to the flexible lattice idea I explored in my March 2nd blog entry, “The Corporate Ladder is Collapsing!” (http://upmo.com/
So, it seems that supporting internal career development in an employee-focused way has the potential to positively impact 98% of those employees leaving for a variety of reasons and effectively make them more loyal. Wow, that’s pretty huge, isn’t it? With the economy recovering, it is more important than ever for HR professionals to engage employees in internal career development before they find a new job externally or get poached by hungry recruiters.
Here at UpMo, Inc. we are designing SaaS solutions for talent management that engage talent in internal career development in an employee-centric way. This increases transparency across an organization and empowers and engages employees, thus increasing employee motivation and productivity and greatly reducing employee attrition. See what we are up to at http://www.upmo.com.
Has attrition already risen in your company this year? I am curious what steps you may be taking to combat this in your organization now and into the tumultuous future. Please visit our blog (http://www.upmo.com/
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Employees Rule. UpMo provides the industry’s first employee-centric enterprise career management solution to emerging and large corporations. By helping people plan, pursue and manage their careers in a way that benefits both them and their companies, UpMo SaaS solutions helps companies embrace employee mobility to dramatically increase productivity, reduce employee churn, and improve employee engagement.