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Half of Your Employees Are Looking to Leave

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Summary

According to a report from 2023 State of the Global Workplace, over half of employees globally expressed some level of intent to leave their job. The labor shortage due to pandemic lockdowns has led to a more positive job market with many opportunities for high-potential, high-performing candidates, however 51% of currently employed workers are still looking for or actively seeking a new job. Employers should focus on retaining their stars by building relationships, talking to them weekly, and conducting stay interviews. Other strategies for employers include making their values known and recruiting aggressively.

Q&As

What were the two key findings from the 2023 State of the Global Workplace report?
The two key findings from the 2023 State of the Global Workplace report were that over half of employees expressed some level of intent to leave their job and 53% say now is a good time to find a job where they live.

What has the global job market been like during the pandemic?
The global job market has been positive during the pandemic, with many job postings exceeding the pre-pandemic norm.

What should leaders do to protect their talent?
Leaders should retain their stars, make their values known and live them, and recruit, recruit, recruit.

How can companies win the war for talent?
Companies can win the war for talent by having a strong defense to protect existing talent and an offensive approach toward recruiting that makes the most of the hiring environment.

What are the advantages of the current labor shortage?
The advantages of the current labor shortage are that companies are having to rethink the way they hire and job seekers are getting opportunities they never would have had five years ago.

AI Comments

👍 This article provides great advice on how to retain top talent by building deep relationships, defining values and recruiting consistently. It's great to see companies rethink the way they hire and offer more opportunities to job seekers.

👎 This article paints a depressing picture of the global job market with half of employees expressing intent to leave their job. It's concerning that companies are "right-sizing" their workforce due to the pandemic.

AI Discussion

Me: It talks about the state of the global workplace and how over half of employees are looking to leave their current job. It also looks at the implications of the current labor shortage and how it has led companies to rethink the way they hire.

Friend: Wow, that's a huge finding. It looks like people are feeling more optimistic about their job prospects and are looking to make a switch. That means employers need to be even more proactive in keeping their best talent.

Me: Absolutely. The article suggests that employers need to build deep relationships with their employees, talk to them frequently, conduct stay interviews, and make their values known and lived. They also need to invest in recruitment strategies to attract and retain the best talent.

Action items

Take the time to review your organization's values and ensure they are inspiring and meaningful to your employees.
Invest in a strong recruiting process and team to ensure you are able to attract and retain top talent.
Make sure to have regular conversations with your employees to stay in sync and build relationships.

Technical terms

State of the Global Workplace: A report that provides an overview of the current state of the global workplace, including trends in employee engagement, job satisfaction, and job availability.
Labor Shortage: A situation in which there are not enough workers available to fill the available jobs.
Right-sizing: The process of reducing the size of a company or organization in order to improve efficiency and reduce costs.
Recruiters: People who are responsible for finding and hiring new employees for a company or organization.
Stay Interviews: Interviews conducted with current employees to determine why they stay with the organization and what might make them leave.
Employment Brand: The image of a company or organization as an employer, as perceived by potential and current employees.