I’m always thinking about employee retention. Thinking about how to keep good people is one of the most important things I do as CEO. Over my 22-year stretch at LOOMIS, we’ve managed to keep our people twice as long as the advertising industry average. We’re proud of that. But we also work hard at it. That’s why a recent article from Inc. magazine caught my eye.
The article references a recent Gallup report called the “State of the Global Workplace.” In it, Gallup reports that roughly “7 in 10 employees are struggling or suffering in their overall lives, with negative emotions at an all-time high.”
70 percent. That’s a stunning number.
The article goes on to offer suggestions for how companies can help their employees deal with mental health challenges and their overall well-being. That may not be our default commitment. But it should be if we want to hang on to our people. Today, employee retention is as much about helping your employees stay healthy as it is keeping them happy.
Meaning is the key.
Last year, 25 percent of the American workforce turned over. Of the remaining 75 percent, a vast majority had or were presently considering a move. That puts nearly everyone in your company at play.