Should you stay or should you go? That’s the question. 🤔
Many young professionals are opting to stay – despite the return-to office-mandates and slowing pay increases. So, forget quiet quitting and the Great Resignation. The Big Stay is here.
What gives? 🤷♀️
Is it that the grass isn’t always greener (so true!) OR that employees recognize they have more power than they originally realized? And that an unplanned, non-strategic, or emotional departure is not a path to more fulfillment or upward mobility.
It’s reckless. 🙅♀️
I once left a company that I loved because upper management allowed the aggressive negativity of one person to infect and weaken the culture like cancer. Yet his bad behavior was tolerated because allegedly his talent was “worth it.”
No one’s talent is worth it. Just isn’t. 👎
When is the right time to bolt? Here are a few signs to pay attention to. When…
- Your company isn’t growing, and the forecast is bleak
- Your manager is uncaring or uninvested in your professional growth
- You are undervalued and underpaid
- There is no upward mobility
- Your company doesn’t invest in your professional development
- Leadership perpetuates a toxic culture
If you’re fortunate not to be encountering any of these, then staying put could be your best bet. And, you may have more power than you realize. 🌟
- Unemployment rates are hovering at record lows
- Employers are eager to attract and retain top talent
- Losing talent is costly – up to 150% of a junior employee’s salary (including
Recruiting costs, lost productivity, onboarding and more).
- Most companies worry they lack a robust, diverse pipeline for future leaders.
How can you stay put AND get the most out of that choice? 💪
Identify what’s important to you ✍🏼
– a promotion, training, guaranteed bonus, home office stipend, flexible hours? Download our FREE Total Compensation worksheet for inspiration.
Compile your contributions 💬
– and then schedule a meeting with your manager. Be prepared to articulate your value and practice this conversation with a friend or ally. Tip: Practice this conversation with a friend or ally before your meeting.
Make your case 🤝
– and negotiate a win/win outcome. For pro tips on how to make the most of this meeting, join our live Empower Hour on June 28 at 4:00 pm ET for coaching and answers to your specific comp questions. Or, check out our NEW digital course, Compensation Confidence, which will help you get what you want and deserve. (We guarantee it!)
Have a backup plan 💡
– recognize that you may not get everything you want so know your consolation prize. Be prepared. Maybe it’s a new title, a stretch assignment, more PTO or attending a conference.