According to an article on HRReport.com, Canada has the fourth highest turnover rate in the world.There are two reasons for this. First, it will help to seek out individuals that meet a certain criteria, much like when one purchases a new vehicle and suddenly starts to see that same vehicle everywhere. Second, this will be extremely helpful for those who are a “hopeless romantic” when it comes to hiring people. In other words, if one is persuaded by how a person makes them feel, then he/she needs a few “deal-breakers” to help them make a decision in the heat of the moment. This is probably the most crucial step in establishing a company’s new hiring system. How will one ever find the right candidates if he/she does not even know who they are looking for?
Know what employees want
In the following data, the author looks to disrupt the preconceived notion of what attracts people to want to work for someone—whether with their current company, or seeking a new opportunity. Besides money, today’s workforce has a strong belief in other motives, such as purpose and opportunity, but some employers have not caught on quite yet.
According to an article on HRReport.com, Canada has the fourth highest turnover rate in the world (see Figure 1). The article goes on to state, “The top global reasons for employees leaving are a lack of opportunity to advance (45 per cent), dissatisfaction with senior management (41 per cent) and the work environment or culture (36 per cent).”
Further, an Inc.com article includes two points that reinforces this information among the soon-to-be-dominate part of the workforce. The first states 64 per cent of millennials would give up a $100,000 job for a $40,000 job, simply because they found the work to be boring. The second found the biggest determining factors, for nearly 80 per cent of millennials, is the people, the culture, and the opportunity associated with these job openings.
