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Employees may feel stuck, unmotivated, and less invested in their work when careeradvancement feels uncertain or out of reach. At the same time, the Gallup reports that 87% of millennials say professional development is key to staying with a company. at least some of the time.
Some seek public acclaim, while others seek private acclaim; some seek financial advancement, while others seek careeradvancement. In 2022, there may be greater use of informal or fun awards, with the goal of creating a positive, informal, and fun-filled work environment.
Examples of strategies for improving retention are: Offering competitive compensation and benefits Providing opportunities for career development Fostering a positive companyculture Addressing concerns raised in employee feedback We can track employee retention over time (monthly, quarterly, annually, seasonally, etc).
In addition, the same situation may affect promotion decisions that can hamper careeradvancements. According to Forbes , in 2022, women earned 17% less than men on average. Team Dynamics: Unconscious bias can create an unhealthy environment that negatively impacts team dynamics. And numbers do not lie.
Even a 2022 Edelman Trust Barometer survey highlights that: Moreover, the disarming effects of the pandemic have taken a toll on the mental health of young workers. Lack of CareerAdvancement. Did you know that one of the top reasons behind the “great attrition” was the lack of career development?
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