When they aren’t killing Mayonnaise, millenials have been charged as “job hoppers” (employees in that change jobs more frequently than others) with little or no loyalty to the company they are working for. How do you keep these keep frequent job changes from costing your company thousands?
A 2016 Gallup poll showed that 21% of millennials say they switched jobs in 2016 compared to the 7% of generation Xers who answered the same. It is estimated that these frequent job changes are costing the U.S. economy roughly $30.5 billion annually.
As employers we can either chose to fight this shift, or we can embrace it (it does have its perks*), and prepare ourselves to best handle the job turnover and subsequent training of new employees so that it doesn’t cost us the loss of productivity and, thus, money.
Research has also shown that it takes new hires from 1–2 years to start adding value to a company. Why is this the case?
- The company learning curve
- Questions Answered
- Roles and Responsibilities
- Acclimating to Company Culture
- Comfortability in voicing unique opinions
- Willingness to take risks that might pay off
To address the first item on the list, the company learning curve, how can we automate some of the training that needs to be done as a result of these frequent job changes?
Enter Wonderus. Developed to help teams share internal knowledge quickly and efficiently. Create your team’s free account now, and scroll on to see how Wonderus can help your team.
Decode Those Pesky Acronyms
MOM – Marketing Operations Manager or the office mom always telling everyone to finish their veggies and tuck in their shirts?
CRM – Customer Relationship Management software or Community Relations Manager?
ABS – Buff cross-fitting co-worker or Associate Brand Strategist?
With a team specific Acronym Decoder, Wonderus will help new employees decode company or department specific acronyms and shorthand, allowing them to catch on in department meetings and emails quicker than trying to use conversational context to guess or searching the internet because they are too embarrassed to ask what an AARM is. Feeling “in” on the lingo will allow a new employee to acclimate and comfortably voice ideas and opinions quicker.
Share Knowledge Quickly and Effectively
Knowledge Cards allows your team a functional way to organize information that would be useful to any employee. Keep SOPs organized, create connections between cards, and keep everyone up-to-date on any edits to internal procedures. This provides a space for new employees to search for quick answers, and saves their managers the time it takes to answer these frequent, beginner questions.
Integrate Seamlessly with Slack
Wonderus allows Slack to be a hub for company knowledge and questions. Using the /wonder command users can search for information or ask the team for help. You can also do this in the Wonderus app and The Wonderus Slackbot will automatically notify a team member when their question has been answered.
*Curious about those illusive perks to job-hopping we mentioned before:
- This is creating a world where companies have to up their game in terms of benefits, treatment of employees, and office culture, which creates better working environments for everyone.
- “Job hoppers” will have a great resume of experiences likely with both depth and breadth that they can apply to their new positions.
- You can have more confidence that those who do stick around are loyal, hard-working, and great cultural fits.
- A few more here.