As the long tail of the Great Resignation continues to swish and sting, labor markets contract and economic uncertainty bites, organizations should make every effort in 2023 to hold on to their employees. More specifically, they should “re-recruit” workers already at the company, urged Microsoft’s Liz Leigh-Bowler.
To support the case for re-recruiting, the product marketing leader, based in Epson, U.K., cited the results of Microsoft’s recent global hybrid work survey, which captured answers from over 20,000 employees in 11 countries. Of the many telling statistics surfaced by the report, she said a handful stood out on this subject.
For example, two-thirds of employees would stay longer at their company if it were easier to switch jobs internally. Similarly, 76% of respondents would remain with their employer if they could benefit more from learning-and-development support.
Unsurprisingly, without growth opportunities, most workers across all levels would depart. Without chances to develop, 68% of business decision-makers would not hang around. Worryingly, 55% of all employees reckoned the best way for them to learn or enhance skills would be to change employers.
The level of workforce thirst for development has never been higher, according to the research. In fact, the opportunity to learn and grow is the number-one driver of a great work culture – a jump from ninth position in the rankings in 2019.
The full version of this article was first published on Digiday’s future-of-work platform, WorkLife, in January 2023 – to read the complete piece, please click HERE.
Oliver Pickup 