Strategic Planning For The New Year
During your strategic planning have you been considering what a nationwide increase in hiring will do to your company’s hiring plans?
In this economy, companies have been forced to do more with less – fewer bonuses and raises (if any), fewer employees. This contraction in resources has put additional pressure on those remaining employees to keep up the pace and quality of better times. However, this could end up being a ticking time bomb. As soon as the economy, and subsequently hiring, picks up, those overworked employees could be among the first to leave.
This is a big topic in recruiting and needs to be talked about. At a recent lunch with panel members on the HR special interest group for TechAmerica, we decided to pull together an event to find out if and how people are addressing these concerns.
Employee loyalty was a big part of the discussion. One could make the argument that if you still have a job during one of the hardest recessions in most people’s careers, there is a certain amount of loyalty deserved to the company that helped keep food on your table. We were split on it, however, we did agree that there are always other parts of the company culture that factor into it. One committee member made a great point; statistically people don’t leave primarily because of compensation.
Lou Adler, a regular contributor on ERE, wrote an article that validates our conversation and highlights some of our major concerns. Check it out [here]
Here is a survey about employee satisfaction and economic recovery survey you might want to participate in. Check it out [here]
Stay tuned for the date of the TechAmerica event we are putting together. As soon as we iron out the details with the contributors we will post the information.
- Jeremy Barnaby, Partner and COO
