Nowadays, many people change jobs quite regularly, rather than working in one company for their entire careers. Why do you think this is happening? How can companies keep their workers?
Switching employment is a ubiquitous phenomenon. This can be attributed to several reasons such as seeking advancement, and thus, organizations strive to discover the mechanism that can help retain their workforce.
The primary driver of job hopping happens to be the intent of people to seek enhancement in job satisfaction, and the ever increasing number of companies being established every day is augmenting this trend. For example, a study carried out recently to discover the cause behind frequent job switching revealed that nearly 75% or individuals felt that they did not derive professional contentment from the work they were allocated by their former employers. It further said that this induced a disenchantment towards their obligations that finally pushed them to seek opportunities elsewhere.
To surmount this challenge, organizations must shift their focus from simply offering financial stimulus to extending opportunities to their personnel to obtain a sense of accomplishment, addressing the psychological need to be acknowledged of the latter. As per several human theorists and human resource researchers, this can turn the work environment into more absorbing and fascinating for the workforce and let them enjoy the work they perform, and never letting a feeling of boredom set in.
To corroborate, even if the employee is paid less, but the work is more meaningful and purposeful, there are more chances for them to contribute to the productivity of their employers. This can produce a win-win situation for both the parties. In other words, companies should help their employees to gain fulfilling professional experience rather than merely bigger pay packets.
Overall, the current propensity to switch employment stems from the need to gain professional satisfaction. Therefore, in my view businesses and employment providers must afford the mental contentment to their human resource, to curb this practice.
