This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/09/02/the-compass-how-to-beat-the-rising-employee-quit-rate/
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by Aviad Goz, author of “The Compass: How to Navigate Your Life and Career in Times of Change“
A recent Gallup study shows that the employee quit-rate (the percentage of employees quitting their jobs) in the US is at an all-time rise. The study results reflect characteristics of Millennials and Z generation so there is no reason to think the situation is different in other countries. The phenomenon is relevant to employees at all levels and all company sizes, from small start-ups to Fortune 100 companies. It is as relevant to entrepreneurs that have doubts about the future of their business.
There is little need to expand on the significance of key-talents (or any talent for that matter) leaving an organization – as the study points out – it’s better to keep a star than hire a question mark.
For the employees themselves, whether they are already halfway through their career or just starting (or even freshly graduated and pondering what career-path to take), making the right decision is paramount to their future fulfilment and well- being.
It is at least as critical for an entrepreneur that finds themselves unhappy and unfulfilled with the direction their business took.
The key to solve those problems is to understand what an effective career and development planning is and to act on it.
Obviously, when one is content at work, this problem does not exist. The challenge begins when you reach a crossroad – a point in time when you need to decide on your next step in your career, or when you feel stuck in your current position or job and you are looking for change.
Unfortunately, many make career decisions without understanding what is involved in it and end-up with a result that may be good for a while – change… Read More
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