Loyalty Shmoyalty

 

Forbes is telling everyone reasons to stay put in their jobs for now while acknowledging the 2009 Conference Board survey that reported 45% of workers being satisfied with their jobs. Yet, despite continuing economic tribulations, some industries are expecting growth now and in the next few years. Financial services is one of these industries.  Now we hear from Modern Survey that employees in this industry are reporting that they are less likely than the previous two years to stay at their current job.

What does this mean? Evidently, industry growth releases workers' wanderlust.  They see other related companies growing and that grass looks mighty green. ("You know, I bet they could use my skills over at Greener Pastures Financial.")

What do you do? It depends on the growth possibilities of your industry.

Are you a PM in a growth industry such as financial services? Prepare to contain a trend of worker loss - or to manage the effects of this loss on your project.

Do you need project workers now?  Poach from financial industry! Start recruiters looking specifically for active and passive job seekers in financial services (or other growth industries) for your positions.

Are you expecting growth to come in your industry soon?  If an industry grows in this economy, its workers may begin to feel that they do not have to stay put to stay safe. Start inoculating your project or organization from loss of high-performing workers by initiating/refreshing appropriate human resource programs. Or use bribery.