As more people are on the hunt for new career opportunities than ever before, companies are looking for innovative and creative ways to attract and retain talent. And the conversation is urgent: Deloitte found that almost three quarters of CEOs rank a labor and skills shortage as the number one external issue they expect to influence or disrupt their business strategy in the next 12 months — even more so than the ongoing pandemic.
And while many employers think the top factors affecting attrition are compensation, work-life balance, and poor physical or emotional health, McKinsey research shows a more nuanced reality. While these issues are very important, the top reasons employees give for leaving their jobs were instead not feeling valued by their organizations and their managers, or not feeling a sense of belonging at work.
