The Challenge of Employee Retention: What type of Corporate Prisoner are you?
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A significant amount of the HR function’s time is taken up with keeping labour turnover (or “attrition” as the experts call it!) under control. But what about those individuals that the organisation would like to see closing the exit door behind them?
A recent report by talent consultancy Chiumento has concluded that the recession is forcing a lot of people to stay put in their jobs, even if they don’t like them. Rather dramatically, the report tags these people as “Corporate Prisoners.”
A Corporate Prisoner is someone who stays with an organisation without being fully engaged. Their personal aspirations and needs are no longer aligned with those of their employer. Rather than move on to a new role or new organisation, the Corporate Prisoner stays. Some out of choice – some for reasons beyond their control.
Can you spot yourself here?
Escapers
Have little or no desire to stay but can’t afford to leave until there’s another job to go to. Already plotting how to escape and just waiting for the opportunity.
Economic prisoners
Want to move on but can’t afford the price of doing so. Stand to lose far too much in monetary terms to even think about leaving
Lifers
Going nowhere – at least not any time soon. The antithesis of Escapers, they have little or no career ambition and have settled down in a role that is well within their capability while meeting their basic economic needs.
Prisoners of Conscience
Really believe in what the organisation does. It is why they joined and why they stay. Often drawn to not-for profit organisation and public sector. The problem is that their belief in the organisation can outweigh their capability
Prisoners of circumstance
Individuals with the desire to both stay and perform – but ability to do so is compromised by external factors. May have been unable to access training or development – or are constrained to working particular patterns in specific locations.
Visiting stars
Individuals who join to meet an immediate need – often economic – but with no intention of staying longer than necessary. Some may be workers looking for a safe haven to shelter from the economic storm.
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