How to reduce employee attrition in the hybrid working world
With a fifth of UK workers at high risk of leaving their jobs in 2024, and a further 12% expecting to leave before 2026, it’s increasingly clear that staff retention strategies require a rethink. Flexible working will be crucial for reducing turnover – providing, of course, that it is implemented effectively.
Curb employee attrition with a Remote Work Revolution
A disturbing trend has been uncovered in research from employee engagement provider Culture Amp – 20% of UK workers are at high risk of leaving their jobs in 2024, with a further 12% aiming to leave before 2026.
This data was collected from 9 million responses made by employees across 1000 UK companies. However, the statistic doesn’t seem to be UK-specific – in fact, 18% of workers in the USA, 19% of Australians, and 23% of German employees are also intending to move to pastures new sometime this year.
When asked for reasons that would encourage employees to stay in their current position, the most common responses were, interestingly, communication-based - with the top three being ‘feeling more informed about internal developments’, ‘seeing how work is making a positive impact’, and ‘higher levels of collaboration’.
This should come as no surprise to companies who have struggled to effectively incorporate hybrid working – but unfortunately, fixing shortfalls like this isn’t as simple as mandating an increase in emails. If you intend to retain valuable talent, communication & collaboration must maintain a standard beyond the four walls of the office – since, according to the CIPD, properly supported flexible working has been shown to reduce staff turnover by up to 87%.
What does supporting flexible working look like?
Ultimately, boosting communication and collaboration for your hybrid workforce isn’t going to be achieved with a one-size-fits-all solution – so the following should be taken as a list of possible avenues to explore, rather than a shopping list.
As you can see, there are many ways to make flexible working easy for your employees – and as well as encouraging staff retention, doing so actually opens the door to many other efficiencies for your business.
If you want to support flexible working for your business but would like guidance of where to get started, fill out the contact form below.
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