As the economy stabilizes, turns and begins to grow again, the unemployment statistics will follow suit by leveling off and eventually showing positive signs in a few months.  However, one interesting phenomenon receiving a lot of attention lately has been the concept of "churn"...

The deep recession over the past 18 months has caused a lot of folks who are gainfully employed, yet unsatisfied in their present jobs, to simply hold on tight to what they have and not risk a job change at this time.  A wise strategy during uncertain times.  Less voluntary turnover has allowed companies to better manage their workforces through planned retirements, strategic reductions in force, individual terminations, etc.  The loyal workforce still on the job has been a source of comfort through all the volatility, but it may have created a false sense of security from the employer perspective.

See the picture?  As the indicators climb, and confidence improves within the economy in general, employees will begin to shake off the dust, feel more confident in making a move for a better job, more money, shorter commute, and all the other reasons that have been held back for the past year.  When they jump, it may feel like a domino effect with employers losing that security they once felt in the way they were managing their workforces during the recession.  And this happens before we re-open those jobs openings that have been frozen for so long, only compounding the loss of control.

Do you really need to lose control right now?  Are you prepared to handle the effects of the churn?

Let us know if we can help...

- Lou G.