Amid the wave of resignations caused by the epidemic, how should companies deal with the contagious effect of resignations?

Amid the wave of resignations caused by the epidemic, how should companies deal with the contagious effect of resignations?

It is understood that before the epidemic, Amazon's hourly worker turnover rate was about 150% per year . In 2019, Amazon hired more than 770,000 hourly workers, but in the end less than 150,000 stayed , and its employee attrition problem became more serious last year .

 

In fact, it is not just Amazon . Many companies at home and abroad are suffering from the "resignation contagion effect" after the epidemic . As the world gradually recovers from the COVID-19 epidemic , labor shortages in various industries have given workers the opportunity to find a better job after leaving.

 

Generally speaking , employee turnover is indeed costly to companies in terms of lost productivity and new employee recruitment . But behavioral scientists suggest that business leaders can take the following three steps to appease and retain employees .

 

Increased opportunities for promotion and salary increase

 

The departure of employees brings about related job vacancies , so the employees who stay after the epidemic resignation subsides will have more opportunities for promotion in the company . Compared with external candidates , companies are more inclined to promote internal employees to management positions.

 

From a behavioral science perspective, individuals have a need to gain respect and admiration from their work . Being respected at work is so important to employees that it is considered a basic psychological need, and sometimes people will even accept a lower salary to maintain their status and the psychological satisfaction that comes with it .

 

Reduce the spread of negative emotions among colleagues

 

Before they quit and leave a company , employees often become negative. They vent and express their dissatisfaction to their colleagues , and even start to slack off because they have nothing to lose by slacking off .

 

The negative energy and lack of professionalism of these employees will spread throughout the entire team , turning positive employees into cynical and passive employees.

 

Give employees enough reasons to stay

 

When colleagues leave , remaining employees question whether the company is a good place to work and whether they should quit, too. No one wants to be stuck on a sinking ship .

 

Cognitive discrepancies occur when an individual holds two conflicting ideas . Resignation is one way to resolve them, but another is for leaders to provide employees with good reasons to stay .

 

Employees who stay after the wave of resignations during the pandemic will become the company's most dedicated and loyal partners . Corporate leaders should recognize this and give these employees enough attention in subsequent development.

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