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future of work, The Great Resignation
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9600 Great Hills Trail, Suite 150W Austin, TX 78759, UNITED STATES
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In 2009 CEO and founder Kim Seeling Smith started Ignite Global after deciding that instead of being paid to put bums in seats (working as a recruiter for the 15 years prior to that) she wanted to help More
If you think #thegreatresignation is related to Covid or the current skills shortage, think again. This graph from the Bureau of Labor Statistics clearly shows that, with the exception of 2020, people have been changing jobs in increasing numbers since 2009. While this is a US stat, I believe the trend is definitely global.
I’ve often said that Covid accelerated other workforce trends that had been building for years. I think what we see with this graph is the result of two long-term trends coming together.
First, we’ve known since at least 1997 when McKinsey & Company wrote their now iconic report “The War for Talent” that a skills shortage and skills mismatch was on the horizon.
Second, due in part to this coming skills shortage, along with generational differences, social justice reckoning, and to a lesser extent #metoo the workforce has become more empowered and more likely to change roles.
Employee retention is critical – and clearly getting harder.
Did you know that 65% of candidates who turn down jobs or decline to go through the entire interview process do so because of poor candidate experience, according to LinkedIn? And that only 25% of candidates are satisfied with candidate experience according to Sapia.ai?
Candidate experience is key. But what is candidate experience exactly?
My definition is an experience where every interaction leaves the candidate feeling good about:
✅ Themselves (first and foremost – even if they don’t get the job)
✅ The process itself (again, even if they don’t get the job)
✅ The company/brand (turn all candidates (successful or not) into raving fans
If you think #thegreatresignation is related to Covid or the current skills shortage, think again. This graph from the Bureau of Labor Statistics clearly shows that, with the exception of 2020, people have been changing jobs in increasing numbers since 2009. While this is a US stat, I believe the trend is definitely global.
I’ve often said that Covid accelerated other workforce trends that had been building for years. I think what we see with this graph is the result of two long-term trends coming together.
First, we’ve known since at least 1997 when McKinsey & Company wrote their now iconic report “The War for Talent” that a skills shortage and skills mismatch was on the horizon.
Second, due in part to this coming skills shortage, along with generational differences, social justice reckoning, and to a lesser extent #metoo the workforce has become more empowered and more likely to change roles.
Employee retention is critical – and clearly getting harder.
I love, love, love Korn Ferry‘s research, and the Future of Work Trends 2022: A New Era of Humanity report does not disappoint. One of the best quotes from page 6 is,
Friday funny. You’ve heard of the KISS Principle, right? Keep It Simple Stupid (or I prefer Silly). Now I’d like to introduce the KSS Principle!
KISS Principle
My clients have told me for years that one of my superpowers is breaking down complex concepts and making them simple.
In fact, one of the best testimonials I’ve ever gotten came from Mike Saxton, who said,
A few months ago, I was leading a training session, and I mentioned the KISS Principle…and one of the participants said, you should rename it the KSS Principle for Kim Seeling Smith. We had a good laugh, but now I find myself saying it frequently.
I had a great time speaking to Ben O’Shea on The West Australian‘s The West Live show about what really drives people to change jobs.
Like in all booms, companies within WA are losing great people for the allure of a high pay packet working in a FIFO environment. Can leaders do anything to stop this from happening (spoiler alert – yes!).
Why do people look for other roles (spoiler alert – despite what most leaders think, it’s rarely about money)?
What do you do if you lose someone that you don’t want to lose? Can you entice them back (spoiler alert – statistically, yes, 20% of the time).
Are you looking for cutting-edge strategies to Propel your organization into the future? Are you looking for speakers for your next event who can both wow and educate?
Please join me (virtually or in person in Sydney), along with Dee Madigan from The Gruen Transfer, Dr Kristy Goodwin and my dear friend and MC extraordinaire, Warwick Merry CSP, CVP.
cutting-edge strategies to Propel your organization into the future
I’m going to be unpacking 9 Keys to Avoid the Great Resignation (reverse engineered from over 5,000 exit interviews)…and unveiling some new (and dare I say a bit controversial) insights around this model.
Talking reimagining talent acquisition with Nate Hewitt of Sapia.ai on their Pink Squirrels Podcast.
We had a very spirited discussion around:
What companies are getting wrong with talent acquisition right now
How companies stand out against their talent competitors (even with little or no budget)
How to think differently about the roles they are filling to access more candidates.
Talking reimagining talent acquisition with Nate Hewitt of Sapia.ai on their Pink Squirrels Podcast. We had a very spirited discussion around: 🔹 What companies are getting wrong with talent acquisition right now 🔹How companies stand out against their talent competitors (even with little or no budget) 🔹 How to think differently about the roles they are filling to access more candidates. 🔹 The importance of candidate experience, which according to a recent Sapia research report, is abysmal, with only 25% of candidates reporting being satisfied with the process. 🔹 How to improve the hiring process. You can listen on Apple Podcasts Let me know what you think! :) #futureofwork#talentacquisition#recruitment#recruiting
The importance of candidate experience, which according to a recent Sapia research report, is abysmal, with only 25% of candidates reporting being satisfied with the process.
We change the oil and rotate the tires on our car to keep it from breaking. We call this preventative maintenance. And research shows that regular, meaningful conversations do the same thing for our teams.
Yet so many managers complain they don’t have enough time to do this.
How much time would they save by avoiding problems by having proactive conversations to correct performance or behaviour and to find out what their team needs to be fully motivated, engaged and productive?
How much happier and more productive would their teams be if they carved out time to have these conversations?
A lot.
One of my clients reported an immediate 10% reduction in rework after implementing monthly 1:1s.
Another reduced employee turnover from 30% to 20% per year.
Still another reported having the easiest union negotiation in his professional career a few months after implementing 1:1s. He felt it was because the employees were being heard. They didn’t feel it was necessary to have to speak through their union reps.
Try it. It’s free! And if you need help with a structure reach out to me.
According to the most recent research by Gallup, 85% of the global workforce is disengaged. That stat that has not moved in well over a decade and COVID has not seemed to impact it at all.
In the US Gallup saw a historic rise in engagement scores shortly after COVID – followed by an equally historic fall.
Yesterday’s post – https://lnkd.in/gHs_rUW provided a calculator to help you figure out how much you were losing in productivity for every member of your team who is disengaged.
I had a comment on that post asking, “Why are they disengaged?”
