5 Practical Steps To Help Your Company Survive ‘The Great Resignation' (And Beyond)

The nation’s “quit rate” hit a 20-year high in November, and companies everywhere are reevaluating their retention strategies. But how do you know what will work? Here are some best practices for retaining your staff and making sure they feel valued.

- Daniel Todd

Workers had one thing to say to their employers at the end of 2021: We quit.

With the nation’s “quit rate” reaching a 20-year high last November, you may be searching for ways to retain top talent. You know you have to implement a killer employee retention strategy, and fast, but how do you know what will work?

It’s not easy to keep employees on board, but it can be done. Through our calculated retention strategy, my company hasn’t had an employee quit since 2016. That’s right — we made it through “The Great Resignation” without bidding farewell to a single employee. Here are some best practices for retaining employees long term.

1. Embrace flexibility

People not only want flexible jobs but have come to expect them. A recent study revealed that nearly 40% of job candidates worldwide said schedule flexibility is one of the top three factors they consider when making career decisions. If you want to recruit and retain top talent, offering workplace flexibility is crucial.

Some employees may prefer working early in the morning, while others may feel more productive late in the afternoon. Some employees will want to take time off around the holidays while others may prefer (or need) time off at another point in the year. Offering flexible hours and no formal limit on paid time off allows each employee to perform at their highest capacity. Flexibility gives employees full autonomy to manage their schedules so they can maximize their productivity while maintaining a balanced life.