Multilingual Business Communication

February 4, 2009

The talented are jumping ship

Filed under: employee communication, Trui Lagae — meertaligebedrijfscommunicatie @ 8:04 am

jump2With a negative effect of the economic crisis on just about any company, fear among employees of losing their jobs is at an all-time high. Nearly 50% of Belgian employees expect redundancies in the firm they work for (Metro, section “Jobtime”, 3 February 2009). Marc van Veldhoven from the University of Tilburg warns that this fear and the resulting behaviour may damage companies even more.

The fact is that during volatile times the most talented  people are the first to look out for a new job and hand in their letter of resignation. On average they have better contacts outside the company, are smarter and more proactive, which explains their behaviour. For a company losing their best employees results in a slower recovery after the crisis. However, Marc van Veldhoven  also remarks a positive consequence. Those employees who prefer to stay, often feel they have to perform their level best: they worker harder and fewer report sick.(full article and comments)

Still, I believe it is vital to prevent your most talented people from leaving. Even when it is still unclear how many people will be made redundant, give your talented employees the certainty that they will not be among those redundancies.

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1 Comment »

  1. I agree with you: companies should make their best to prevent their good elements from leaving. The question is: how? A recent American survey finds that in this time of economic instability and fear for unemployment, the employees’ priority is to secure their position. Four months earlier, the same survey revealed that the employees’ top priority was to maximize their earnings. What is most important to employees right now is to work in a company with a secure future. Consequently, raising their loan doesn’t seem to be a proper solution in order to prevent them from leaving… Rather than that: ensure your company a stable future!

    Sophie Naveau

    http://compensation.blr.com/display.cfm/id/156364

    Comment by meertaligebedrijfscommunicatie — April 5, 2009 @ 2:07 pm


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