Hard to find and near impossible. Not only is it becoming a hard reality that marriages and relationships don’t last but that employment tenure with employers are being severely eroded. A job for life is still for many the American dream but for many the reality is quite different.
According to a 2012 analysis from the Bureau of Labor Statistics, “among jobs started by 40 to 46 year olds, 33 percent ended in less than a year, and 69 percent ended in less than 5 years. Of the jobs that workers began when they were 18 to 24 years of age, 69 percent ended in less than a year and 93 percent ended in less than 5 years.”
Not only has the global recession and competitive landscape changed business demands and strategies constantly but employees are no longer truly committed to employers. Having faced layoffs and salary containment in the past, workers are more jaded and always on the lookout for more stable employment. It’s time to turn the clock back and find the love again and re-engage in a longer employer/employee relationship. Not only will employees and their families benefit by reducing financial uncertainty but companies will benefit by increasing employee loyalty and increasing the skill sets their employees bring to the table.
If you want to become an employer of choice and truly become a successful company of the future, re-engage in long-term commitments with your employees by biting the bullet on the profit line and working hard with your employees to find solutions related to cost containment. Sure, your profits will suffer short-term but if you have made the right choices during the recruitment process and trained your employees well by investing in them over the years, your business will survive and thrive.
No body wants to work for a “disposal company”, at least not long-term so be strong and fight the trend to constantly downsize. Engage your employees as part of the solution, make commitments with them and follow thru. In marriage many people dump their wives and or husbands for the next best thing, sometimes what you have is already what you need. Employees are the same, committing to them long-term and making sure they know you are doing so is the key to everlasting profits. Sure dump the jokers and the losers but commit to the rest. Re-invent your company today.