MINNEAPOLIS — It’s that time of year when we take a good hard look at all parts of our lives. Our health, our finances, our jobs. And, it’s that last one that’s getting a lot of attention from a new Minneapolis survey.
Robert Half found that 29% of people thought this is the year to make a job change. What does this mean for employers and employees? Let’s start with the good news.
“We have so many great employers here of all sizes from startups to fortune 100's so there's a lot of opportunity,” says Elizabeth Hang with Robert Half.
There’s a double bonus too. Unemployment is low 3.5% nationwide, 3.2% here. It is a candidate’s market. Yay for job seekers! Company owners, this may make you a little nervous. It's fantastic that the economy is good, but not being able to keep competent staff, well that's a bummer.
“That's why companies need to work harder than ever to make sure they retain, because if they lose someone that's especially considered a regrettable loss, or top talent, it takes so long to replace that person," says Hang.
The folks at Robert Half say 40% of Minneapolis workers said their commute was too stressful and their burnout level was a 5.2 on a scale of 1 to 10. Those things lead to nearly 30% of workers saying this is it. 2020 is the year they make the job jump. But fear not, there are things you can do to keep your talent.
For some it's a matter of making their schedule more flexible, or allowing people, if you can, to work from home. Others want to move up the chain of command and for many it's money that talks.
“You want to ensure you compensate your internal employees. Sometimes maybe the annual increase isn't enough to keep up with what the marketplace is doing,” Hang says.
And hey there workers…your boss isn't a mind reader.
"You need to go to your leader sharing I'm stressed, this is too much, I don't feel like I'm being successful, so they can come up with a plan and solutions to overcome that because they would much rather do that than see a great employee leave,” says Hang.
At the end of the day it's best to work together, because well, you have to work together.
“You want to love what you do and work for a company that you feel values you and where you can really add value to them,” she says.
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