Annual Top 10 Biggest Quits: 2018 - The year the loyalty died.
Added: (Sat Dec 22 2018)
Pressbox (Press Release) -
New York, NY, December 2018 – Retensa, Employee Retention Strategies and Research leader, publishes its 14th annual list of the 10 most impactful resignations across the United States.
Consider that loyalty is not a switch, but a spectrum. And the 4 I’s of Loyalty, each push and pull against each other in a psychic tug of war toward fulfillment. Because the volume of quits this year twisted the gravity of the Individual, the Institution, and the Ideology, and the 1st “I’ (myself) prevailed, 2018 may be the year the loyalty died. As the steady stream of turnover at the White House persists, former big quitters and organizations resurfaced this year, and brazen departures make headlines every week, it reinforces the universal struggle with turnover, and that some people are captivated by FOMO more than ever. In 2018 Retensa followed all of it, and saw turnover occur in 3 trends:
TREND 1: Long-time leaders are leaving. Many organizations pivot for the next phase of growth and innovation. For some, like Pepsi and Lord & Taylor, it is a leader’s time to retire. Others see an impetus for fresh ideas and energy vital to invigorate strategy and stay competitive. The transition from one long standing leader to another is delicate and presents a real challenge for every firm.
TREND 2: “Unicorns” have turnover too. Organizations which rapidly expanded and became billion dollar icons of innovation can be victims of their own success. Companies like Tesla and WhatsApp now lose individuals who have been with the organization since its inception. While technology enabled these companies to become the center of attention, leaders are targets from competition. Or recently acquired founders move quickly to pursue new opportunities. Is the hockey-stick growth curve sustainable when no one remains to play hockey?
TREND 3: Shameless quits. Whether it is on the field or on TV, quitters are boldly leaving where no one has left before. Like a defensive back retiring, in the MIDDLE of a nationally televised football game. Despite previous success and future opportunities, can anything be done to stop the parade of talent parading towards the exit? Historically low unemployment may influence the modern employee toward a different sense of loyalty. Going forward, successful organizations need to mitigate the effects of departure and ensure that those who remain stay committed.
About the “Biggest Quits” List
The most significant U.S.-based resignations qualify for inclusion on Retensa’s annual “Biggest Quits” list. To make the Top 10, Retensa applies three criteria: (1) the magnitude of impact on the individual’s industry or field, (2) the financial loss or loss of influence of the enduring organization, and (3) the degree that the enduring organization is prepared to respond. Join the conversation by tweeting @Retensa with #BigQuit. For this year’s Top 10, as well as previous lists and contenders who almost made it, visit Retensa’s Big Quits List (www.bigquits.com).
About Retensa
Retensa addresses the social and economic impact of employee turnover for organizations in 54 countries and 12 languages. They combine predictive analytics software and retention strategies to attract, motivate, and retain top talent. To create the “Retention Environment,” Retensa provides expertise in People Analytics, Employee Surveys, Exit Interviews, and Talent Management Solutions.