E-BOOK
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The U.S. quits rate continues to break records. In what’s been dubbed “The Great Resignation,” workers are parting with their organizations in droves. Fearful of leaving their jobs in an uncertain economy, many employees who would have moved on stayed put at the onset of the COVID-19 pandemic. Others, from frontline workers to employees were asked to absorb higher workloads due to layoffs and hiring freezes, experienced high levels of burnout, which are catching up with them. While their circumstances vary, the common denominator is a wave of pent-up resignations.
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The HR landscape has transformed dramatically in recent years. People operations leaders have played critical roles in the rapid shift to remote and hybrid work. Technological advancements have given rise to more precise workforce methodologies like people analytics. Talent shortages and increasing demand for technical skills have pushed learning and development managers to expand upskilling opportunities. Societal calls for racial and gender equality, mental health awareness, and better benefits for workers have impacted nearly every industry.
While these changes have been largely positive, HR and internal communications teams are struggling to attract top talent and keep employees connected and engaged in today’s increasingly dispersed work environments.
Source: Gallup
To address lackluster employee engagement, many communications and PeopleOps teams have turned to video. In fact, almost all (93%) of the nearly 200 HR professionals surveyed in our 2021 State of Enterprise Video study believe video content is an effective tool to engage employees.
Turnover typically costs around 2x an employee’s salary. Click and drag the circle on the calculator below to find out what that means for your organization.
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With a 2.9% quits rate and average salary of $70k
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