6 Strategies To Boost Retention Through The Great Resignation

Employee retention 6 Strategies to Boost Retention Through the Great Resignation Are you giving people a good reason to stay? by

• Frank Breitling,
• Julia Dhar,
• Ruth Ebeling,
and
• Deborah Lovich

by

• Frank Breitling,
• Julia Dhar,
• Ruth Ebeling,
and
• Deborah Lovich

November 15, 2021 MirageC/Getty Images

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Summary.

With employees jumping ship in record numbers in the United States, companies are facing a talent crunch. One HR strategy they should embrace is to make themselves so attractive that employees won’t want to leave. These six measures can help accomplish that: (1) add monetary incentives for staying, (2) provide better career opportunities, (3) elevate the company’s purpose, (4) prioritize culture and connection, (5) take better care of employees and their families, and (6) embrace flexibility.

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There is a widening mismatch between the job environment employees want — and now expect — and the one their organizations have. That’s the finding of conversations we’ve had with top executives of dozens of companies over the last several months, multiple global surveys we’ve conducted to learn what employees want, and our examination of 20 years of data on the expectations and workplace satisfaction of 800,000 employees from a wide range of industries and job categories.

New! HBR Learning Attracting and Cultivating Talent Course Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Attracting and Cultivating Talent. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies. Discover how to attract, hire, develop, and keep talented people who will grow and thrive throughout their employee journey. Start Course Learn More & See All Courses Read more on Employee retention or related topic Talent management

• Frank Breitling is a managing director and partner in the Boston Consulting Group’s New York office. He is a member of the global leadership team in BCG’s People & Organization practice, where he leads the firm’s work in people analytics and innovation and co-leads its Future of Work Task Force.
• Julia Dhar is a managing director and partner in the Boston Consulting Group’s Boston office. She co-founded and leads BCG’s Behavioral Science Lab and is a Fellow at the BCG Henderson Institute focusing on the “science of change.”
• Ruth Ebeling is a managing director and partner in the Boston Consulting Group’s Dallas office. She is one of the firm’s experts on recruiting, developing, and retaining technology talent.
• Deborah Lovich is a managing director and senior partner in the Boston office of Boston Consulting Group. She leads the firm’s Future of Work topic globally and is a fellow of the BCG Henderson Institute.

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New! HBR Learning Attracting and Cultivating Talent Course Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Attracting and Cultivating Talent. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies. Discover how to attract, hire, develop, and keep talented people who will grow and thrive throughout their employee journey. Start Course Learn More & See All Courses Read more on Employee retention or related topic Talent management

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