10% Quit - Transcend Commercial Real Estate Brokerage

Follow us

April 28, 2021

10% Quit

I had a very interesting conversation with a client earlier this week, and this person told me that 10% of their workforce quit on Monday. 10% and this isn’t a small company. I mean, they’re close to a hundred employees, and they had 10% of their workforce quit on Monday, and it wasn’t like it was all one department either. It was people within different departments, but there was a common theme. Everyone felt disconnected from the company, because they hadn’t actually gotten back into the office yet. So think about that. You know we hear all this, well we’ll work from home forever or hybrid model or whatever the case may be. But this company, and I’ve actually heard of others are losing people because they are not back into the office and people are wanting to get back to the office. So as we continue to navigate what to do going forward, these are some of the things that we need to think about. I actually had a really good friend of mine who’s in HR, tell me he thinks that we’ll probably see around 30% turnover, for most companies within the next 6 to 12 months. Now, why is that? It’s because you’re going to come up with a policy, whether that’s remote or fully in or hybrid and there are going to be some people that don’t like that policy regardless of what it is, and you will see turnover. So as a company, we need to decide – what do we want to be post-pandemic? Do we want to be fully remote? Do we want to be hybrid? Do we want to be in five days a week? Or whatever the case may be. But the most important aspect is to one, communicate it and do it sooner rather than later. Because, you know, we’re starting to get to the point where people are quitting because they just don’t know what’s going on. And two, you can expect people to leave. So when you make that decision, be okay with people leaving because you probably didn’t want them on the boat to begin with. So as you navigate those waters, obviously Transcend’s here to help. But as business leaders, we need to be thinking about this going forward.

Does your space reflect & inspire your company’s culture?

Download Our White Paper - Millenials

Millenials in the Workplace
Privacy Policy