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Losing employees is never good for a company and by making sure you manage generational differences you give your company the chance to prevent this from happening. Persuading an employee to stay when they have already decided to leave is a very hard thing to do. Any business can become successful, as long as they learn what they need to, to be able to keep their employees from deciding to leave. Experiencing this recession has caused many different companies to forget about the important factors; like keeping employees happy. Instead, they are letting some employees go, freezing salaries and more; however they expect employees to be top performers and give it their all. Through their work performance, employees will show just how displeased they are with all the cutbacks happening. With these condition, about 55% of workers are going to be looking for new employment positions when the economy improves. While some companies feel they save money with cutting back, this is only for a short amount of time. Money is not the only reason why an employee leaves; they may leave because of other co-workers and they can't get along. Finding and overcoming the dynamic generational differences that are involved in a company can help pick up the morale of everyone before it is too late. It is a guarantee that the younger generations, along with the top performers of a company will still leave if unhappy with the workplace. The recession is already causing problems for companies, but add in the constantly dropping morale, and this only creates more trouble. A company will be severely hurt by this and things will not change without a company making changes. Waiting until the last minute when employees have already decided to leave is never good; new plans should be thought of way ahead of this point. Regardless of salary freezes, if an employee finds that your company has an agreeable atmosphere to it, they will choose to wait it out. Sometimes letting employees know you care is one way of making sure they do not leave. You can show that you are truly concerned about each person, by making sure that you listen to each employees concerns; letting everyone give their opinions. For every generation there will be noticeable differences and they will each have specific concerns, and needs. Knowing what they need and making sure communication is open within the workplace is going to make sure that there is an ongoing work relationship. In this difficult time, it is important to let your employees know exactly what is going on within the business. Respecting each person's wants and needs is a good way that you get a form of understanding from employees. With every employee being different, you have to manage your unmistakable generational differences in order for your company to run easier.
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