How to retain your workforce | FT Working It

[@arclet1299]

I dont study business but i know money and respect keeps anyone working.

[@andykostynowicz]

More so am interesting job

[@ulizez89]

Seriously, companies will do anything if it means not paying their employees properly!!!!

[@ndumisomanyathi2046]

Make a video about how to retain your workforce but then proceed to interview companies and not the workforce...no young person in site...but instead we'll interview the very managers people are running away from. Oh the irony

[@kb4903]

Australia is amazing with workers. 80% salary for 4 years. 5th year off paid. Long service leave. 6 months pat leave. Treat you like a valued employee. Not an easy to replace with cheaper to promote profits number.

[@everythingisfine9988]

Wow! 🤯 I never even heard anything like that. In the US you'll find out when you're terminated when your credentials stop working. And if you don't return your computer (with your own money) you will be sued.

[@Jose04537]

Pay them a good wage, don't abuse their time, and don't fire them to create "shareholder value"!

[@the_river_acheron]

This report is correct about employees expressing themselves regarding their employers. I wrote a fairly bad review of my current employer last week on Indeed.

[@isatousarr7044]

Retaining your workforce is an essential component of long-term business success, and it requires a proactive and multifaceted approach. Key strategies include fostering a positive and inclusive company culture, where employees feel valued and part of a larger mission. Competitive compensation, flexible work arrangements, and professional development opportunities are crucial to retaining talent. Research shows that employees who feel they have a path for growth are more likely to stay, as career progression can significantly impact retention rates. Additionally, promoting work-life balance and ensuring regular, transparent communication with employees can strengthen their connection to the organization and reduce burnout. Implementing these strategies with empathy and foresight can help build a loyal, engaged workforce that is committed to the company’s goals.

[@raosiddharth4726]

Simple answer- money and respect for their time.

[@kb4903]

It’s more than that now though. How about flexible working? Long service leave? Pat leave? Salary means little if you don’t see your family.

[@blablup1214]

@@kb4903 Why do you need flexible working hours ? If I get payed well. I can work 9-5 every day and I don't care. If I need to work a lot of overtime and never see my family to make a living. There is already something wrong....

[@ShapeyFiend]

@@kb4903 well I think that's what he meant by respect for your time. Everybody needs some flexibility.

[@pleasantlanguage1585]

Workday needs to fix their horrible application system.

[@ulizez89]

PTSD inducing!

[@sg333ify]

@@ulizez89 We're looking at getting this product as our hr system. Why isn't it good?

[@sophiac8824]

@@sg333ify Go with Bamboo or another one instead.

[@rileyjoseph3488]

The best companies are focusing on using their older well trained employees and matching them with young new employees to train and guide them how to be not only great in that job but great in life. Pay them well, engage them, have them involved in change, and train them like you want them to stay for 5-10 years. You want your employees to grow with your company or nobody will grow.

[@oluseyialege]

3 things: money/benefits, respect of their time and privacy and transparency

[@sosinati3358]

Unnecessarily making the recruitment process difficult is what makes the relationship tumultous to start with. Having insecure people in leadership also involves a different layer of engagement that has nothing to do with the job itself. Forced participation in activities that have nothing to do with the job in the name of team buildin, numerous and useless meetings are not it.

[@dameazize]

With the cavate that I am coming from a U.S. perspective so this might not be applicable to Australia, but one of the biggest issues I feel is a lack of loyalty from large companies. On a personal level, if I fear that I might be laid off at any point to fix a budget sheet while potentially having extremely demands placed on me before that, why shouldn't I be ready to leave when something better comes up. If I am looking for healthcare from my company, it's because other systems have been gutted so much that it's a necessity to do so. If I am looking for community from it, it's because my job is demanding so much of my time that I can't build that in other aspects of my life. And there is may to much on both sides to go into "purpose" from work. And (again from a U.S. perspective) I see companies giving lip service to "employee retention" while doing huge amounts of outsourcing, creating a culture of expected layoffs, making the application process a nightmare and in many places cutting benefits everywhere they can. Which creates a culture where no one feels "loyal" to anyone. I might also note, that at no point in this video about retaining employees was an actual employee interviewed for what they wanted, and watching it I felt a bit like it was depersonalizing the topic in the same way the video was critiquing companies for doing to their employees.

[@CuriousBeing-2037]

Easy to answer. You pay them what they're worth and respect their labor rights and respect them as a human being.

[@mcloud1070]

Less bla bla and excel sheet reporting, more money ! Let them do their job. Save on managers payroll. We don't need 2 managers for one employee.

[@MrxstGrssmnstMttckstPhlNelThot]

Yeah but then how are consultancy firms gonna get their bag that way? Duh.

[@manoftomorrow5987]

I’m old school, all I care about is my pay. Pay me what I’m worth based on my skills and education. I’ll do my job, whatever that requires, extra hours, meetings, whatever…that’s what I signed on for, just pay me. All that other fluff means nothing to my bank account. If people are looking for all of those other things from their employer you’ll never be satisfied or happy.

[@javierjp8549]

You are not wrong, but are you paid your worth?

[@manoftomorrow5987]

@ yup. For the current company I’m at and role I have. One thing that I’ve focus on over the last couple of years is ensuring my pay is right.

[@ulizez89]

Seriously, all this circus just to not pay their employees what they produce!!!!

[@johnclements6614]

Most people do not care about there exact pay level. If they find out that they are being paid 10% less than a co worker they will be pissed and leave. They will also look and leave if they are treated badly in other ways. If they are being treated well they will not look and find that they could get slightly more elsewhere.

[@esinamafeku9924]

Good evening,thanks everyone.

[@Misaka-gt5yj]

How about bring back corporate pensions like they used to? That's one of the biggest benefits and reason why boomers stayed at a specific job for a long time.

[@MrxstGrssmnstMttckstPhlNelThot]

Every hates this "managers doing long meetings about 'thriving' and 'career growth'" nonsense. That's literally what the first Gen Zer video clip of a new office worker was making fun of. People HATE it.

[@MrxstGrssmnstMttckstPhlNelThot]

Consultants are so useless.

[@shadician]

I think it depends on whether there's meaningful action behind the words. I've worked at both kinds of places, there is a huge difference.

[@jacmar44]

Exactly, what people want is decent money, for a manageable workload and for the company to have sensible policies and respect for the worker. There's not a lot to it.

[@HarleyButler-ox3qn]

"constantly having to upskill" says it all about the reality of this non existent work- life balance, woke work nonsense. More like more work, same pay.

[@jacmar44]

It's not bloody hard, pay people well, respect them as humans and people will be happy to work for you.

[@from0moon2mars]

The unique reason your employee leaves Microsoft is another company offers him double :)

[@djashjones]

Costs too much money to retain staff. We live in a disposable world and that includes staff. Apart from upper management where failure is rewarded.

[@chrisdiboll2256]

Utter nonsense. People leave jobs for one reason only - pay. Anyone who leaves a job would have stayed if some ‘magic number’ had been found that made it worth their while. All this other guff is just the crap companies try because they don’t want to pay what the job is worth. And always remember - any ‘benefit’ your employer provides, is not on top of your wage. The cost of it was deducted from what you would have been paid had they not provided it. Think about that next time your employer unveils some lovely new ‘workplace benefit’

[@blablup1214]

Yeah, most of the times it is as simple as that. The buying power of wages are stagnating or even decreasing and people wonder why people are unhappy Here in Germany. The upper 25% make more money than 10 years ago. The middle 40-75 are mostly stagnating. The lower 40% get poorer with every year....

[@ulizez89]

A decent wage and respect goes a long way. A shame these companies only want to abuse and underpay their employees!

[@MeiinUK]

In Europe, the job offer had always been different, according to location. So in smaller countries, it was harder to get access to food. So therefore they provided the meal vouchers thing. In the UK, the pension pot is more valuable. Plus the commute costs. Two major factors. Or housing. Resolve these elements, like provision with housing. Then this all helps.

[@ashvandal5697]

I am super confused by this reporting, especially around 2:30. What sane person trusts business and corporations more than government in a democracy/republic? Although maybe that bar is just single digits or something. Business and Corporations OWN government, thus any problem in government is likely caused by business. Government COULD be more trustworthy, but only when you fix campaign finance and lobbying laws, and then elect suitable candidates. Business has no analog.

[@Dynasty1818]

Pay them more. Respect them more instead of babysitting them. Want to fire people to save money? Start with middle management, who are the most unnecessary roles in modern times. Allow working from home, no more back to the office nonsense which has been proven to not work. Stop expecting people to do 2, 3 or more jobs. Stop expecting younger people to have years of experience and denying them positions, then whining about being unable to find younger people for roles. Old, overpaid people clinging to roles are the issue, not youngsters (anyone below 40).

[@peterhar74]

What is it with management consultants who say things like 'the employee value proposition'?

[@J3r_B3ar]

You need to scour forums to learn that employees don’t want to spend most of their days in meetings…?

[@bellumfallax]

Brave New World

[@lingth]

Treat them as humans? Not servants or robots?

[@peterhar74]

So Microsoft has a 'robust employee listening system'...what language are these people speaking?

[@mariadaluzmoutinho5701]

Este tema ...é muito interessante!! O talento não devia ser retido e sustentar-se na aposta pela produção de maior valor acrescentado?! A produção alicerçada na investigação, desenvolvimento, inovação, criatividade, design e Marketing?! Se houver este trabalho os "frutos" escolhidos e colhidos não serão os melhores!! Mas, para esta reconversão são necessários recursos quer de capital, quer humanos!! A mão de obra barata intensiva, as empresas deslocaram-se para outros países onde era ainda mais barata e abundante? O processo foi rápido não havendo o tempo de reconversão para o sistema produtivo!! Além das várias ameaças, devíamos ter a tecnologia ao nosso serviço, a inovação empresarial, bem como a formação ...para que as pessoas tenham um trabalho e um salário ...e a realização de ser bem sucedido?!

[@RichardGilbey]

Cancel all regional development and investment

[@GourBera-vx3ph]

Not so great discussion- would suggest a pay cut for this reporter

[@andreaskatsikakis5223]

God this podcast is condescending. Awful

[@ndumisomanyathi2046]

Right?! How do you interview the very same people who are the problem...very tone deaf.

[@ulizez89]

@@ndumisomanyathi2046 Seriously, if they had interviewed employees about the very same talking points those managers spewed.... they would have shown how disconnected from reality all this circus is. Just pay a fair wage and respect your employees, there is no secret sauce, just greedy bosses.

[@MrxstGrssmnstMttckstPhlNelThot]

Oh this is gonna be evil.

[@MrxstGrssmnstMttckstPhlNelThot]

Yeah it was.

[@MrxstGrssmnstMttckstPhlNelThot]

AMBIENT LISTENING????

[@MrxstGrssmnstMttckstPhlNelThot]

You're describing Panopticon. So cool!

[@MsRainingDays]

The Victorian time question was real bad and FT should feel bad about it