The economic recession is drawing to an end, and that means many companies are refocusing on growth and expansion. For unengaged employees, this could also mean new opportunities are opening up elsewhere. Now is the time for companies to launch employee engagement programs to ensure their workers don't leave for other openings.
According to a recent report from Hay Group, nearly two in five (38 percent) of employees plan to leave their companies within the next five years. This number has increased from 30 percent in 2009, suggesting that lack of engagement has made many employees throughout the country more restless.
“U.S. companies have experienced lower turnover rates over the past few years, largely because of the weak labor market associated with the economic downturn,” said Mark Royal, senior principal at Hay Group Insight.
“In the meantime, employee frustration is rising. Organizations that fail to identify and act on issues affecting employee commitment during this break in the storm are going to find employees exiting in increasing numbers as other opportunities become more plentiful,” he added.
With Kaizen, the employee is central to the success of the company. Businesses should consider integrating the Kaizen mindset to help reengage employees and keep them empowered within the company.