Are from meta and Twitterarrive Sales force and AmazonThe tech industry has been affected by a wave of layoffs in recent months and thousands of people have lost their jobs.
A new report suggests that may not be the end of their worries, as layoffs can have a spillover effect on those who stay at the company.
People analytics company Visier found that employees are 7.7% more likely to leave after an “involuntary resignation” or termination occurs within their team, while 9.1% are more likely to resign if a teammate voluntarily leaves.
The report says this phenomenon is known as “revenue contagion,” in which workers quit their jobs because of their co-workers.
When a colleague’s intention to quit becomes clear to others, their behavior, thoughts, and attitudes about work and the company can become triggers for others to reevaluate the situation. their own jobs.
The people analytics company conducted an experiment across 86 organizations, with more than 1,000 employees around the world.
“The resignation of employees is not an isolated event, but occurs in a social setting,” it added. Turnover in a team can also create disruption and frustration for the rest of the team.
“Humans have a tendency to imitate others,” says Andrea Derler, Visier’s principal of research and values CNBC makes it.
“When a colleague’s intention to quit becomes clear to others, their behavior, thoughts, and attitudes about work and the company can become a trigger for others to reassess their own employment situation.”
This is especially true in a hot job marketwhere employees get more “ping from employers” than before, Derler added.
“[This] can provide the ideal platform for revenue spread as the process of interviewing and learning more about other potential employers is made easier for employees.”
Smaller groups have a higher risk
According to Visier, smaller teams have the greatest risk of spreading revenue. For example, employees who work in teams of 3 to 5 people are 12.1% more likely to resign after a team member quits, compared with 14.5% for groups of 6 to 10 people. , the study said.
Derler said it was due to “strong interdependence” and personal relationships among colleagues in smaller groups.
“Smaller teams can interact more often and gain insight into each other’s shared experiences of working conditions, the organization as a whole, or even management – and of course, the alternative intentions of together.”
The report adds, the revenue contagion can last up to 135 days from the moment an employee voluntarily resigns.
However, for the layoff of the employee, the contagion time was shortened to 105 days.
Want to quit? Think
Derler stresses that it’s “very easy to get carried away” when team members resign, and she recommends properly assessing your own work situation before jumping the gun.
Some questions to help assess your own situation would be:
- Do I feel attached to my work?
- Can I support my current employer’s mission?
- Can I balance work with life outside of work?
- What is my perceived burnout?
- Do I feel well compensated and can I see a future for myself at this company?
- Are the motivations for my thoughts and feelings about quitting influenced more by my co-workers who are about to leave, or by my own motivations?
While a multitude of personal, professional, and economic reasons can influence a person’s departure from a job, companies underestimate the impact that “one’s resignation can have on decisions.” leave or stay of colleagues,” the report added.
According to Visier, for employers who are worried about losing more people when they resign, there are “pre-employment behaviors” that they can look out for.
That includes reduced productivity, less commitment to long-term timelines, or coming to work early more often than usual.
“While line managers should always be on top of talent retention activities… it can be especially important in the first five months after losing a team member to focus on the best of the best. career conversations, ‘stay interviews’ or explore internal mobility opportunities to engage more remaining team members,” Visier said in his report.
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