Highlights of "The Great Attrition" article in McKinsey
So a friend shared this amazing chart of Employer and Employee views on the reasons for leaving an organization, and we dove in to this article…
Stellar piece from By Aaron De Smet, Bonnie Dowling, Marino Mugayar-Baldocchi, and Bill Schaninger of Mckinsey
“A record number of employees are quitting or thinking about doing so. Organizations that take the time to learn why—and act thoughtfully—will have an edge in attracting and retaining talent.”
“If the past 18 months have taught us anything, it’s that employees crave investment in the human aspects of work. Employees are tired, and many are grieving. They want a renewed and revised sense of purpose in their work. “
“Forty percent of the employees in our survey said they are at least somewhat likely to quit in the next three to six months. Eighteen percent of the respondents said their intentions range from likely to almost certain. These findings held across all five countries we surveyed (Australia, Canada, Singapore, the United Kingdom, and the United States) and were broadly consistent across industries.”
“Businesses in the leisure and hospitality industry are the most at risk for losing employees, but many healthcare and white-collar workers say they also plan to quit. Even among educators—the employees least likely to say they may quit—almost one-third reported that they are at least somewhat likely to do so.
The best part was in the end about asking organizations to ask themselves some truly probing questions:
Do we shelter toxic leaders?
Do we have the right people in the right places (especially managers)?
How strong was our culture before the pandemic?
& so much more, into getting to what you can do about it….
Definitely worth reading the whole piece.