Advice » In the Workplace» Leaving a Job » After the Fall: Preventing Employe ...
After the Fall: Preventing Employee Exodus When the Job Market Picks Up

After the Fall: Preventing Employee Exodus When the Job Market Picks Up

By Larry Buhl, for Yahoo! HotJobs

Whether the economy roars back or slowly climbs out of the hole, HR professionals are anticipating fewer layoffs, more hiring, and, in some cases, a rush to the exits.

In a survey conducted with 806 hiring managers and recruiters, 44 percent agreed or strongly agreed with the statement that when the economic situation gets better, companies will face major employee turnovers.

As an example of how hard it may be to keep top talent, Mark Anderson, president and chief economist for ExecuNet, said that 90 percent of executives will now take calls from executive recruiters, a sign that more of them are now considering other options.

But an improving economy doesn't have to turn your company into a ghost town. Employment thought leaders have several suggestions for making sure the company doesn't suffer when employees no longer feel they have to stay:

Conduct 'Stay' Interviews

Too many companies learn about employee gripes only at exit interviews. Sharon Armstrong, an HR consultant in Washington, DC, and author of The Ultimate HR Handbook, recommends surveying employees now. "But employees shouldn't feel like there will be a 'gotcha' when they have complaints," she says. "These 'stay interviews' should be conducted by a third party, not the manager, or HR could hold focus groups in a safe setting."

Focus on Career Development

In a recession it's too easy to focus on keeping the ship afloat rather than developing employee's careers. Now, more than ever, it's crucial for managers to work with their team members to develop long-term plans for growth at the company, Armstrong says. "This is not necessarily about promotions, but learning and getting exposure to new technologies and processes and expanding their skill sets."

Show You Care

If employees have suffered through the agonizing game of "layoff roulette," furloughs and salary freezes (or cuts), there may be some PTSD in the ranks. Anderson recommends invigorating the team by thanking them for their patience and loyalty. "It isn't always money that makes people jump ship," she says. "Things like verbal recognition for accomplishments can make a big difference, but they can't be hollow gestures."

Keep the Dialogue Open

Armstrong says ongoing communication between managers and team members is crucial for fostering solidarity and loyalty. "Ask questions such as 'What's getting in your way?' or "What are three things I've done for you in the last year that has been helpful?' This not only shows you care but helps them be more effective."

Build Your Bench

Some employees will leave no matter what. So it's important to consider how you'll fill those holes in your team before they open up. Anderson recommends hiring managers see where there may be big gaps in the organization and start looking for possible replacements now.

If all efforts at keeping key team members fail, experts say hiring managers and HR executives should at least negotiate longer-term transitions to avoid immediate, gaping holes in the organization.

For more tools and information to help with recruiting, see Monster Recruiting and Hiring Advice.

Latest Jobs

Posted: 05/26/2015
Brunswick, OH, 44212
Hi-Tech Pharmacal Co., Inc
Posted: 05/26/2015
Amityville, NY, 11701
Posted: 05/26/2015
Posted: 05/26/2015
Williamsburg, VA, 23185
Posted: 05/26/2015

Want more personalized results?  Update Your Profile


Monster Communities

Teaching Community
Where teachers meet and learn.
Create and connect.
Networking for the career-minded woman.
Nursing Link
Where nurses call the shots.
More Monster Communities

Monster Partners

Scholarships, financial aid and more ways to pay for school.
Find top campus and online degree programs.
Military portal for the US Army, Navy, Air Force, Marine Corps and Coast Guard.
Financial Aid
Scholarships & financial aid.
Staffing for Government Jobs
Staffing and hiring solutions for federal government agency jobs.
More Monster Partners

Job Hunt Strategy

Six Ways to Make a Recruiter Hate You
If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate
Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.


100 Potential Interview Questions
Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary
Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Employee Sourcing

Alt text
November Monster Employment Index Grows 13% Year-Over-Year, Tenth Consecutive Month of Positive Annual Growth.

For Seekers

Campus and Online Degrees
Advance your career and earn more with an online degree.
Free Salary Wizard
What are you worth? Find out and negotiate a better salary.
Research Careers
Get information on jobs and career paths to help guide your choices
Questions & Answers
Find answers to all your career related questions -- powered by Yahoo! Answers
Resume Distribution Service
Our distribution service puts your resume right in the hands of recruiters.
Resume Writing Services
Our experts will craft a keyword-rich resume that stands out in the crowd.
More Career Resources

For Employers

Career Ad Network
Target your job posting to more candidates on thousands of websites.
Hire Right Background Checks
Explore our background check packages to improve the quality of your hires.
Hiring Home Page
Find the best candidates for your business with Monster hiring solutions.
Job Postings
Find the right solution for your hiring needs. Starting at $99.
Power Resume Search
Monster's new search technology precisely matches people with your jobs.
Resource Center
Find staffing insights, labor trends, HR best practices and more.
Target Post
Connect with skilled, hourly and administrative candidates for only $99.

Social Media

Jobs on Twitter
Find jobs in your area and industry.
Monster Careers
Tune into our career advice and discussions tackling a wide range of topics and industries.
Monster Corporate & PR
Stay up-to-date on the latest news. Get the 'Who', 'What', 'When', and 'Why' on all things Monster related.
Monster Customer Service
Got a Monster question? We've got the answer. Whether you're a job seeker or employer, we can help you find the answers you need.
Monster for Employers
Find advice on hiring.
Follow Us
Check out our many pages and stay connected with the latest industry news, events, career advice and job openings.

Other Links

Monster Company Profiles
Explore companies and get information to guide your career decisions.
Compare Salaries
See how your pay stacks up to others in your field.
iPhone Application
Download the Monster app for iPhone and iPod touch.
Monster Job Seeker Blog
Monster Job Seeker Blog.
Monster Thinking Blog
Monster's Recruitment Trends Blog.
Jobs & Career Resources
Search Jobs:
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2015 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2015.8.0.34-301