How to Put an End to Employee Poaching

BY Kathy Crosett
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Are you tired of watching employees leave your organization? With unemployment at an historic low, 3.7%, business owners are prepared to take drastic action to keep their best team members. If you’re asking what you can do to increase loyalty and decrease employee poaching, check out our new special report on the topic.

End Employee Poaching

Our research shows that nearly one in three workers is plotting an employment change this year. You can prevent some of these departures by understanding who is most likely to make a move. Here’s a hint: Certain key life changes can induce an employee to write a resignation letter. By reading our report, you’ll learn which life changes to watch out for. You’ll also obtain great suggestions on how to help employees cope with transitions while remaining loyal to you.

We’ve also identified which workers, by age group, are most likely to look for a new job. In addition, we’ve analyzed why an employee will accept a position with another company. With that information, you have leverage. If you’re concerned that a key contributor may be looking for a better deal, you can offer them what they want most, whether it’s a better compensation package or the opportunity to work on a special project.

Addressing Employee Wants and Needs

All too often, employee wants and needs are ignored. Managers are rushing to put out fires, and executives occupy themselves with setting sales and product strategy. What they fail to remember is that employees have both universal and individual needs. When you don’t take the time to address these needs, you’re at a higher risk of having your employees poached by a competitor.

To read specific examples of employee poaching, check out this blog post. And to understand the difference between universal and individual employee needs, read our special report. Proactive managers will turn to workforce analytics to help them optimize each employee’s work situation. With that information, you’ll know how to communicate effectively with every team member. You can also use tools such as TeamTrait’s Four Fits Simulator to determine how to assign employees to supervisors.

Photo on Pexels by Tima Miroshnichenko