Sonya SheltonCEO of Executive Leadership Consulting

Are layoffs making it easier to hire and retain employees?

Name: Are layoffs making it easier to hire and retain employees?
Uploaded: 2023-02-21T15:42:09+00:00
Duration: 41 s
Channel: Sonya Shelton
Description: Short YouTube commentary by Sonya Shelton arguing that recent layoffs do not mean employers can relax about retention because voluntary quits remain…

21 Feb 2023 · 1 min

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0:41

Short YouTube commentary by Sonya Shelton arguing that recent layoffs do not mean employers can relax about retention because voluntary quits remain about three times higher than layoffs. Shelton attributes quitting primarily to poor culture and work environment, and recommends measuring company culture (via her firm, elc) to ensure it aligns with business strategy.

Chapters

I'm hearing a lot of leaders say that the recent news of layoffs is causing them to not be so concerned about employee retention. Maybe what you're not hearing is that the number of people that are quitting their jobs is still three times the amount of people that are being laid off. And why are they quitting? They're quitting because of the culture, because they don't like their environment, because they're looking for a better place to work. So how do you know if you have a good employee culture? Well, you have to measure it. And that's what we do at elc, is we help you measure your culture. And do you have the right culture that matches your business strategy?