Evolve YT's 10-5-3 Tool Helps Managers Address Employee Burnout

TRENTON, NJ – The Great Resignation and labor shortage are crippling companies across the country and while companies struggle to bring people in the door, what can they do to keep the ones they have?

Several factors have contributed to the unprecedented labor shortage, but for many the top reasons are due to a lack of engagement at work and the consistent feeling of being “burnt out.” 

According to a CNBC article, “while 63% of recent quitters say money was a top concern, 53% cited family and personal obligations as reasons why they left an old employer,” of which it was indicated that “burn out” played a large role. 

Even though compensation typically plays a role in resignations, it isn’t the number one motivating factor to keep your best talent. Employees want more than just a fair paycheck; they want someone who cares about their wellbeing.  

A study cited in a NASDAQ article, found that “well-being indicators – stress, emotional exhaustion (a dimension of job burnout), and other well-being experiences (e.g., safety in the workplace) had the strongest effect sizes related to turnover intention, more so than salary, work demands, and caseload.”

With the labor shortage and the never-ending burnout cycle plaguing companies, what can employers do to keep and retain their best talent? 

“It all starts with your managers,” said Evolve YT CEO Phil Cooper. “Your managers play a key role in keeping and retaining the top talent of their teams. If they are actively engaged in making their team great, the positive ripple effects will follow.” 

Even though managers can impact the engagement of their team and help alleviate the “burn out” their team may feel, many managers aren’t trained in various ways to build up their team. According to Gallup, “most managers don’t know how to make frequent conversations meaningful, so their actions are more likely to be interpreted as micromanaging without providing the right tools and direction.”

“There are tactics and tools that service managers can use to improve their team’s morale, engagement and productivity, such as Evolve YT’s 10-5-3 tool,” Cooper said. “This tool is used to open the line of communication between manager and employee on what the employee wants professionally and personally in 10 years, 5 years, and three years.”

Cooper explained that the 10-5-3 is a tool he developed for managers to get the best out of their direct reports. “By conducting a 10-5-3 with an employee, even if they don’t want to be with the company in 5 years, you can help them get to where they want to be while utilizing them to their best ability,” Cooper said. “This is also a great trust-building exercise between manager and employee, knowing all players are on the same page with what each party expects from one another.”

Using tools like 10-5-3 can help managers build up trust and improve relationships with their direct reports, which will contribute to increased employee engagement, Evolve YT reports.. 

“Employees who receive daily feedback from their manager are 3x more likely to be engaged than those who receive feedback once a year or less,” said Gallup. 

Click here to learn more about Evolve YT’s 10-5-3 tool or would like to have Evolve YT present Building Your Team’s Greatness at your next event.