Yes, the economy is getting better, if the mood of workers is an indication. According to the Wall Street Journal, the number of employees quitting was higher than the number of employees being let go involuntarily in February, for the first time since October 2008.

Why is this a big deal? It means that employees are beginning to think there are alternatives to their present jobs. Most employees have been sitting tight, thankful to have a job. However, many have not been happy. Again cited in the WSJ article, a survey conducted by Right Management found that approximately 60% of workers planned to quit their jobs when the economy improves.

My own informal sense of the mood of workers would indicate many are starting to put out feelers. Employee turnover is a huge cost for employers. Assuming that employers managed to hang on to their very best workers during the recession, the idea that a significant number may start looking for greener pastures is not a good one.

Now is the time to begin evaluating your employer/employee relationship, especially if you have let that relationship sour in the past couple of years.  On the other side of the coin, if you are in a position to hire, now might be an excellent time to pick up some good talent that until now have been reluctant to leave the security of their current employer.

Written by :

PDMiller

 

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