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Aug 24

Prepare now for “resume tsunami”

Beth Haiken

by Beth Haiken
Category: Morale and Engagement

Recessions are typically followed by recoveries, which engender a higher-than-normal rate of employees quitting and moving to new jobs – a phenomenon researchers at Deloitte have called a “resume tsunami.”

With a variety of signs pointing, if somewhat tentatively, toward an economic recovery, it’s not too soon for companies to begin thinking about how they’ll keep their top performers.

What caught my eye in a recent article on this topic was the phrase “social contract“: “The employee expects to be paid fairly, get merit raises, receive job training and have job security. In turn, the employer expects hard work, two weeks’ notice before leaving, overtime work when necessary and loyalty to the company.”

I’m guessing many employers aren’t aware of the extent to which this contract has been invalidated in their employees’ eyes by the events of the past couple of years. Think about it: if you don’t feel you’re paid fairly, you didn’t get a merit raise, you haven’t received training because the budget’s been cut, and you don’t feel secure because you’ve seen three rounds of layoffs, is hard work and loyalty the result? Not likely.

Smart employers are thinking now about what to do – how to reach out to the employees they most want to keep and what to do to demonstrate their commitment to retaining them.

This entry was posted on Monday, August 24th, 2009 at 5:40 pm and is filed under Morale and Engagement. You can follow any responses to this entry through the RSS 2.0. You can leave a response, or trackback from your own site.


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3 Responses to “Prepare now for “resume tsunami””

  1. Lauren Says:
    September 1st, 2009 at 8:32 pm

    Good insight! My boss would benefit from reading this.

  2. Joe Buffalino Says:
    October 1st, 2009 at 8:51 pm

    I agree that there will be a great wave of resumes needed and a hiring blitz! Also, I think that most of the new job seekers are gettingmore and more web savvy and using blogs and social networking more and more.

    Blogs can be great exposure for virtually anyone, yet certain careers are more blog inclined than others.

    For most traditional jobs (engineer, accountant, attorney, etc.) there is no substitute for a traditional resume.

    Our non-profit organization recommends people get a “real” resume to augment their blog or website.

    Our non-profit organization uses a great service that also sets people up with their own blog for promotion. This is not advertised on their website, yet this is a service they do for us and I think they do it for anyone asking for it. We thought this was very original, as none of the resume services we had contracted with in the past have offered any blog assistance.

    For info on getting a traditional resume and your own custom blog, go to Career Path Resume.

    Please mention that you heard about them from the Community For Advancing Urban Minorities (CAUM).

  3. Business Startup Tips – Planning Your Web Presence by M. B. Aria Says:
    December 11th, 2009 at 4:07 am

    [...] OgilvyImpact » Blog Archive » Prepare now for “resume tsunami” [...]

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