It's pretty confusing when your employer is losing workers faster than it can replace them and doesn't seem at all phased. Sometimes, you can chalk this up to general incompetence. Still, it's more likely that there are over-inflated egos involved, with key members of the company refusing even to consider that they, their policies, and the way they treat workers might be the problem. Other executives and HR play along, worried that if they acknowledge the situation, the entire company might implode faster than it already is or that by acknowledging the situation, they might be blamed for the current predicament.
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Let's be real here: this situation seems exactly like that of a failing company, one without the resources to save even itself and counteract the death spiral snowball effect that it is experiencing. Lack of resourcing destroys overworked employee morale, leading to higher turnover, which results in brain drain and a loss of institutional knowledge that the company doesn't have the resourcing to acknowledge, let alone afford to replace. This can go on for some time as employees who are positioned to leave depart the company for greener pastures, while those who can't leave, along with fresh new hires who have no idea that they're walking into a fresh-decaying corpse, keep the company limping along for far longer than it ever should have.
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