The relationship between employees and employers is changing in our time.
A manager who expects a twentieth-century concept of loyalty in the twenty-first century may be surprised when workers express a sense of entitlement, ask for a raise after six months, or leave for a new job after twelve months.
Millennials are three times more likely than older generations to change jobs.
About nine in ten millennials say they do not expect to stay with their current job longer than three years.
Rather than trying to build up seniority within a company, switching workplace is perceived today as a faster way for employees to improve their salaries.
No wonder that head hunting and talent poaching are in rise.
25% of U.S. businesses are experiencing an increase in talent poaching at the C-suite level.
HR managers are doing their best to retain the organization best talents, but in many cases it is too late.
Once decision was made it is almost impossible to turn the clock backwards.
Retention proposal can be effective at the starting point of the process.
Usually there are warning signs that indicate that the employee is in a search mode or is being poached.
The cost of ignoring those signs is high.
HR researches indicate that average time hiring an open position is 42 days and recruitment cost can get to 30 thousand dollar per person.