The current job market

Two recent Harvard Business Review posts cited some interesting statistics from the September U.S. Bureau of Labor Statistics data.

“As of January 2012, the median time that wage and salary workers in the U.S. had been with their current employers was just 4.6 years,” according to the first HBR post by David K. Williams and Mary Michelle Scott. “Other recent data points are equally disturbing: The staffing company Randstad says that 40% of employees are planning to look for a new job within the next six months. Another survey notes that 69% of employees are already at least passively shopping for new job opportunities via social media today.”

Further, most of those looking fall into entry-level positions. The old saying, people accept a position for the company and leave because of management may ring true. However, the perspective of this follow up HBR post also by David K. Williams and Mary Michelle Scott focused on how those managers can work to retain employees and convince them to stick with a company or organization for the long-term.

The authors suggest managers can retain employees by following the Five Rs of employee relationships, which is also a good list for a perspective employee to use to judge a perspective company.

Responsibility: How much responsibility will you have? Are you trusted to do your job? Are there ways for you to grow in the position or gain new skills?

Respect and Reward (these go together): How do supervisors in the company show they respect their employees? How are employees recognized or rewarded? How will I know you’re committed to me as an employee?

Revenue-sharing: What’s in it for me if the company does well this year? (Fair warning: it probably isn’t a good idea to ask the question exactly that way in an interview setting.)

Relaxation time: How is time off handled? Is it by department? What about sick time? In all businesses, there are busy times, what if you need time off then?

What else can you use to judge a potential employer?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s