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You’ve invested a lot of time and money into recruiting and training the best people. You don’t want to see all that go out the door when a competitor poaches a valuable employee. Fortunately, you can preempt your rivals by addressing these symptoms that a workforce is ripe for plucking:
• Low morale. Listen to your employees. Pay attention to what they’re saying online (without violating their privacy, of course), because your competition is listening, too. If they’re complaining about your organization’s treatment of them, they’ll be more open to overtures from other companies.
• Industry turmoil. Change is troubling to employees, and if they sense that your company is about to be caught up in an avalanche of restructuring or a major strategic shift, they’ll look for ways to avoid it by jumping to another employer.
• Management turnover. Employees pay attention to what their bosses are doing. If upper-level managers appear to be jumping ship, employees will assume your organization is in a downward spiral and act accordingly.
• Competitor growth. If your competition opens up a new office or plant near your headquarters, you can bet they’ll look to your workforce for a supply of trained employees. And switching jobs is easier when workers don’t have to relocate.
• Management neglect. Maybe your organization has turned the corner. If profits are up, employees who have endured months and years of cutbacks and layoffs will expect some tangible recognition for their effort. But if your organization appears to be hoarding the wealth now, disgruntled employees will search for more appreciation elsewhere.
—Adapted from the CIO website