DeVaughn Narratives

Creating digital stories that resonate and inspire

Category: Employee Retention

The Misconception About Being “Downsized” or “Let Go”

The Misconception About Being “Downsized” or “Let Go”

In the last four years, my career has taken some unexpected turns. First, the hospital where I worked for years needed to become as lean as possible given that the healthcare industry was undergoing major changes. The uncertainty of how healthcare reform would affect our industry, including how hospitals would be paid for their services, called for conservative measures. Our department, along with many others, was streamlined in anticipation of this trend. I was “downsized” or “let go” as were many others in the organization. I was out of work for seven months.

After I lost my job, I went through an outplacement agency. Unbeknownst to me, the outplacement agency sent my resume to an outpatient facility dedicated to treating patients with opioid addiction and substance abuse. One of the job responsibilities was to detox patients for their inability to pay. I was so worried about never getting hired again that I felt I had to take the job. At the time, I was in school pursuing a degree in communications, so eight months later I decided to leave the job to pursue other possibilities within my chosen career field.

I was so happy to receive a job offer where I would be gaining experience in my chosen field. During my interview, I was informed that the company was going through a rebranding and a Board restructure. Six months later, it happened again. I was let go, along with many others, as part of the restructuring process.

It took me 11 months to find my next job. During that time, I focused my efforts on doing an internship in marketing and communications and taking classes to enhance my current degree.

Once again, worried about never getting hired, I took the first job offer. The company was not quite the right fit for my long-term goals and there were no opportunities for advancement. After six months, I left for what I thought was a better opportunity.

“Let Go” Not Once, Not Twice…But

DownsizedTwo weeks after I was lured away from a secure job, I was informed by my new employer that the company had been sold and my job eliminated. I was devastated.

I’ve now been looking for work for seven months.

After the first two layoffs, I was confident that my long time excellent work reputation and continuing determination to find the right position would serve me well.

Millions of people have been let go.

Today, it’s the norm for employers to regularly restructure to keep their staff lean and mean. Layoffs are never going away.

From what I have seen, companies are hiring more contract workers. Contractors are here to stay. Why? Essentially, companies no longer feel they have the ability to offer long-term, full-time jobs. Full-time employees are very expensive, or many companies have implemented hiring freezes; however, they still need experienced people to perform the work. Also, contractors can cost less in terms of fully loaded costs as companies are not required to pay for benefits like vacations, sick leave, or medical insurance. Even if the contractors are higher priced on an hourly basis, it might be less expensive for the company to hire them for a project or limited time.

I feel that stable employment may be a thing of the past. Furthermore, as long as employers have the power with the “at will” state law to terminate employment, there will always be many unjustifiably terminated employees.

Employee Retention Tips

It’s Friday afternoon and one of your employees asks for a private meeting. The conversation ends with an unexpected resignation from someone you’ve grown to reply on. Perhaps the person was reliable, knowledgeable, or working on a critical project. If this has ever happened to you, you’re not alone. Although you didn’t see it coming and you hate to lose the person, abrupt employee departures can be especially hard for managers.

Intrinsic motivation means that an individual’s motivational stimuli comes from within and can include acceptance, appreciation, curiosity, independence, social contact, and social status. In contrast, extrinsic motivation is controlled by outside forces such as money, benefit package, bonuses, and employee of the month.

When employees feel that their work is not appreciated, their morale can quickly deteriorate. This can ultimately lead to reduced performance and productivity and can cause some employees to look for employment elsewhere. Keeping employees engaged and motivated is essential. Verbal recognition and rewarding performance, even for small contributions, is important. If employees feel valued and appreciated for their achievements, they make a difference to you and your company.

Employee retentionThere are many ways an employer can show recognition and appreciation to their employees. Shouldn’t you take the time to find out before they end up leaving? Sometimes all it takes is a thank you or a pat on the back or a small luncheon or perhaps some schedule flexibility. If a client or someone from another department sends you an email sharing an amazing experience they had with one of your employees, then share it. Showing appreciation could even be as simple as asking employees for their input or opinions about something important on a project. The possibilities are endless but one thing is for sure. Showing appreciation for each employee will improve staff retention.

All employees need positive reinforcement. It is important that you do not take employees for granted especially in an already overworked and understaffed workforce.

Even if managers do all of these things effectively, some people will still leave to pursue other opportunities. This is particularly true for top performers.

Retaining employees takes a lot of hard work, but so does replacing them. Research has shown that retaining staff is not related to extrinsic motivation and compensation—it’s about intrinsic factors such as appreciation, recognition, acceptance, social status, communication, and teamwork.

 

Powered by WordPress & Theme by Anders Norén