In the swiftly tilting world of modern employment, the secret to successful retention is more valuable than ever. Here’s how a few companies have managed to do particularly well in terms of keeping their employees happily on-board.
What do you think was the root cause of The Great Resignation?
While varying factors contributed to (and exacerbated) The Great Resignation, for many, it was the discovery that the typical in-person, 9-5, five-day week isn’t the only way to work successfully. Flexibility became a key player in employees’ personal well-being in addition to their work productivity. And, with better productivity came more promotions, better compensation and more fulfilling work. Once employees became accustomed to the benefits of a flexible workplace, they no longer felt obligated to compromise their own needs or well-being and commit to an organization that was unwilling to evolve and prioritize its employees.
How did you manage to retain employees during such a historic moment of people leaving their jobs for hopefully greener pastures?
In response to the pandemic, Cambium Learning (the parent company of ExploreLearning) encouraged an open, employee-focused approach. Cambium supported remote work from the start, and as the positive impact became clear, Cambium made Remote First the official company policy. In addition to the Remote First model, we began investing operational savings back into employee benefits, remote work support, and other compensation changes. These transformations, along with the fulfilling educational purpose our business serves, helped our employees to grow and thrive during an otherwise challenging time.
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What do you think was the root cause of The Great Resignation?
The decision to leave a career or a company is a deeply personal one, so it’s difficult to point to a single root cause. Employees across industries have shared how the pandemic has impacted their views of work-life balance, commuting, and finding fulfilling work. The economic impact of the pandemic and other events on demand, pay, staffing and other factors has also clearly weighed on employees to varying degrees.
How did you manage to retain employees during such a historic moment of people leaving their jobs for hopefully greener pastures?
We can attribute our retention to a few different factors. For starters, we’re extremely fortunate to be in an industry that wasn’t impacted in the way that others — like travel, food, and healthcare — were during the pandemic, so we didn’t experience the financial strain that so many companies faced. That has allowed us to remain focused on the things that make our employees happy and fulfilled: benefits, competitive salaries, opportunities for growth, and thoughtful policies around remote and hybrid work environments, to name a few.