A large number of workers voluntarily leave their positions every year. At the end of June 2015, for example, this amounted to 2.7 million individuals. Furthermore, this constituted a 25% increase from two years prior. It’s also interesting to note that a 2016 Gallup poll revealed Millennials were considered to be the “Job Hopping Generation.” Six out of ten individuals within this age bracket have reported being open to new positions. Given this, there are a variety of reasons why employed workers may choose to leave their existing jobs.
A Brief Overview of Factors Contributing to Failed Hires
Robert Half conducted a recent survey with executives on the subject of failed hires. While performance issues were a concern, 36% of the 1,400 executive participants believed that a poor skills match was the primary factor. Unclear performance objections were in second place, according to 30% of the executives.
When work environments aren’t gender and/or ethnically-diverse, this can also contribute to failed hires. According to research conducted by McKinsey, gender and ethnically-diverse companies tend to be more likely to outperform their counterparts. More specifically, gender-diverse companies are 15% more likely to do so. Ethnically-diverse companies are even more likely to do so at 35%.
Another factor that may contribute to failed hires is a lack of leadership and employee encouragement. Just two out of ten employees reported that their managers encouraged them to perform at their best, as revealed by a Gallup poll. While many employees may continue to demonstrate a strong work ethic, receiving acknowledgement and encouragement can make a positive impact on current and future projects.
While many employees may continue to demonstrate a strong work ethic, receiving acknowledgement and encouragement can make a positive impact on productivity and worker happiness. Companies with employee recognition programs, for instance, have reported that their workers were happier. Recent data indicates that this applies to 86% of the companies that have these programs in place.
Schedule a Consultation With a Human Resources Recruiting Firm
There are several services that your company may be interested in learning more about. These include HR executive search, strategic HR consulting, HR interim department head placement, organizational development, compensation and benefits, corporate outplacement, and career coaching. Once you schedule a consultation with a human resources recruiting firm, you will be able to learn more about how these services can benefit your company.