This Week's Herman Trend Alert

Top Employee Perks and
What's Coming (Part 2)

 

  The Herman Trend Alert

June 23, 2010

Economic Recovery Promotes Jumping Ship

There is an attitudinal shift happening in today's labor marketplace, and it is not good news for employers. As we have said in previous Herman Trend Alerts, increases in consumer confidence result in churning in the labor marketplace. More people are able to find jobs; others feel confident enough to quit them without firm offers. They are seeing more hiring and a strengthening economy.

It is interesting to note that in the United States more people quit their jobs in the last three months than those who lost their jobs. After 15 straight months of time in which layoffs exceeded voluntary departures, it appears that the job market is finally shifting. My guess is that the same phenomenon is being seen in some other countries, notably Brazil, India, Malaysia, and Singapore, whose economies are well into recovery already.

In September 2009, the number of people in the US who voluntarily left their employers fell by 40 percent to 1.72 million, the lowest level since the government began tracking the data in the year 2000. That figure was down from nearly 2.9 million in December 2007, when The Great Recession began.

In a related development, one-quarter of our business community's most promising employees are increasingly disengaged and many are actively seeking new employment opportunities. A recent study on employee engagement, conducted by the Corporate Executive Board's Corporate Leadership Council (CLC), found that 25 percent of the "employer-identified, high-potential employees" plan to leave their current companies within the next year. Compare that figure to the one from 2006 and we have seen an increase of 250 percent.

Moreover, 21 percent of today's employees identified themselves as "highly disengaged". This group has increased nearly 300 percent since 2007. Based on its findings, CLC believes that businesses must place greater emphasis and urgency around leadership succession planning to ensure future success and preserve the bottom line.

As in 2002 to 2003 in the aftermath of the September 11th attacks, workers are corporate cocooning. The pressure to increase productivity, while reducing staff, has left today's workers feeling overworked, under-appreciated, and burned-out. Once more people feel confident that they will be able to find other jobs, we will see unprecedented churning in the labor marketplace.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3547 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

YOUR SECRET WEAPON TO WIN THE WAR FOR TALENT
Vetjobs, the largest veterans' job board, can help you find experienced, qualified talented people. Plus, you'll find a valuable list of virtual job fairs where you can advertise at http://vetjobs.com/media/upcoming-military-related-career-fairs/ Or you can post your open positions at Vetjobs.com. Mention the Herman Trend Alert for a 10% discount on your first order.

"YOUR MESSAGE IS REALLY POWERFUL"
One audience member brought tears to Joyce's eyes last week, when she shared that she and her tablemates had already developed two initiatives as a result of having been in Joyce's audience. If you are looking for those kinds of results, engage Joyce to speak for your organization. Herman Trend Alert author, Futurist, and Consultant Joyce Gioia, is a popular speaker for a wide variety of different groups. For more information about Joyce and a sampling of the topics Joyce can cover, visit http://www.hermangroup.com/joyce.html or call Carl at 336.210.3548. You'll be glad you did!

BE RECOGNIZED AS AN EMPLOYER OF CHOICE® IN 2015
Now that the recovery is in full swing, employers need the competitive advantage of being recognized as Employer of Choice®. Celebrate your employee-centered corporate culture! This coveted award is well worth the effort, yet is not easy to achieve. Download the extensive application at http://www.EmployerOfChoice.com; or for a Word® version, drop a note to Joyce@EmployerOfChoice.com.

To read this Herman Trend Alert on the web: http:// www.hermangroup.com/alert/archive_10-29-2014.html


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 87 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Click here to sign up for the Herman Trend Alert.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3547
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.