In the future, market power will lie with employees h2>
A retention interview is a conversation that takes place between an employer and an employee who is considering leaving the company. The goal of the interview is to get the employee to reconsider their decision and stay with the company. During the interview, the employer will usually ask about the employee’s reasons for wanting to leave the company. The employer will then try to find solutions to these problems in order to motivate the employee to stay. Topics such as career opportunities, working conditions or remuneration can also be discussed. It is important to note that a retention interview is voluntary and the employee should not feel obligated to remain with the company if they do not want to. However, it is an opportunity to clarify open questions and concerns in order to make an informed decision. Good bosses who want to keep their staff respond to workers’ demands.
With an increasing shortage of skilled workers due to the demographic imbalance, the market power lies with the employees, who will be able to express more demands and wishes in the future. Employees should therefore listen carefully and assess whether the company is prepared to sufficiently accommodate their wishes if they are thinking of changing jobs and such a conversation is pending. For bosses, the benefits of retaining good employees are obvious. In addition to the costs of training new employees, valuable and qualified employees are retained and can thus continue to contribute to the company’s success. But how do employers manage to retain good employees? In order to answer this question, it is important to understand what is important to employees in their employment relationship.
What is important to employees?
The staffing company Randstad conducted a survey in 2021 to find out what is important to employees. Job security is most important to respondents. An attractive salary and company social benefits follow in second place. A pleasant working atmosphere is third and the financial stability of the company fourth. The often invoked work-life balance is in fifth place. Questions were also asked about what is decisive for remaining with the employer. 68 percent of the employees stay with their employer because of the high level of job security, 67 percent are satisfied with the salary and social benefits. 63 percent of employees appreciate the working atmosphere. When asked about the reasons for changing employers, 61 percent would like a more attractive salary and better social benefits, and 61 percent are also striving for better career opportunities. 56 percent are looking for a new job because of greater job security.
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