Essay
Great resignation
- Course
- Institution
Essay of 2 pages for the course Human Resource Management at London School of Business and Finance (Great resignation)
[Show more]
Seller
Follow
valentinapianta99
Content preview
How should HR respond to "The GreatResignation"?
The experts coined the term "The Great Resignation" to refer to a wave of resignations after
the Covid-19 pandemic.
As per a report, around 40% of people thought of quitting their jobs.
It is hard to pinpoint one specific cause of The Great Resignation; in fact, there are multiple
factors that lead to it.
Source Link
Let's explore a few reasons Why employees are leaving and how HR managers should
respond.
Company Culture
While decent pay is often the most crucial factor when considering a job, not every small and
medium-sized business can offer high salaries. Moreover, recent studies have shown pay isn't
usually the top reason employees quit.
Most employees consider the work-life balance and company culture before taking a new job.
Or, to put it simply, it is much easier to poach employees from companies where workers feel
less engaged with their managers and suffer from poor work-life balance.
Therefore, company culture is where all leaders need to focus now. The HR leaders must
implement more inviting policies that attract great talent and help retain them.
Policy implementation should start right at the recruitment stage, where the employer should
highlight their business culture and how employees stand to benefit from it.
The Human Resource managers should not ignore the existing employees at the company.
Engaging opportunities, such as obtaining employee feedback and making relevant
improvements, can significantly boost employee morale. Moreover, closer Staff-HR
engagement makes employees feel more connected to their organisation.
Development Opportunities
As the pandemic gained hold, many people found themselves out of a job. Jobs that once felt
secure vanished, leading many to reconsider their career choice.
HR managers can address such situations by offering additional training, career counselling
& re-training employees to more suited roles within the organisation. Such steps make the
workplace more ideal for employees and improve their productivity, as employees will be
highly motivated to work on things they are passionate about.
Remuneration and Benefits
1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller valentinapianta99. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60904 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now