The employer-employee relationship is a crucial aspect of our daily lives as we rely on it for financial stability. However, with the advent of technology and social media, the dynamics of this relationship have significantly changed over time. According to Jobvite’s annual Social Recruiting Survey, 61% of employees are open to or actively searching for a new job, while more than 30% of employers expect new hires to stay for two years or less.
This data has significant implications for companies. If every employee transitioned in and out of a company every two years, it could cause a decline in productivity, loss of talent, and ultimately hinder the company’s growth. This trend is not new, and Fast Company has coined these employees “Generation Flux.”
Companies must differentiate themselves in their industry and the job market to stay ahead of the competition. Developing a strong employment brand has become essential, and driving these initiatives requires more strategic thinking.
Research shows that a compelling employer brand can increase employee retention and attract top talent. For example, Google has successfully built its employment brand around its unique company culture, attractive benefits, and strong sense of community. As a result, it has consistently ranked as one of the best places to work, and its employees have a strong sense of loyalty to the company.
Another example is Apple, which has also built a robust employment brand by offering competitive salaries, excellent benefits, and a clear career progression path. This approach has helped them attract and retain top talent in a highly competitive industry.
In conclusion, companies need to adapt to the changing dynamics of the employer-employee relationship by developing a strong employment brand. This requires strategic thinking and differentiation to stay ahead of the competition and retain top talent. By doing so, companies can create a mutually beneficial relationship with their employees, resulting in increased productivity, growth, and success.