Talent Wars
In the talent war, competition has never been so fierce. As companies look to get back to normal it’s fair to say that the way we work has changed.
While staying late at the office might once have been seen as a badge of honour, the pandemic has made many employees rethink their relationship with work. Various global consulting companies such as Gallup report that up to 50% of employees are considering quitting their job in 2022. Some want to find a workplace more aligned with their new values, while others are looking for a better working environment with work life balance and flexibility.
As we navigate towards this new way of working, companies need to think about how they stand out from the crowd and meet the new challenges to attract and retain talent.
With 75% of SME’s reporting a sharp rise in resignations at the end of 2021, understanding what really drives employees needs to be a top priority.
People want more from organisational change projects. They expect their work experience and contribution to be augmented by change. This is being called The Great Awakening. At Brownie Points we call this the New World of Work
High turnover of staff can be very expensive for any business, with Gallup estimating the cost at 150% of salary.
If staff turnover is an issue for your business take a minute to complete the form on the link below to see what it is costing you to replace your lost talent. The results might shock you
https://browniepoints.com.au/employee-retention-calculator/
Implementing a strategy around a Culture of Appreciation to aid talent retention and attraction is critical to businesses looking to become an employer of choice and compete in the war for talent.
Building employee centric cultures that are focused on engaging and motivation employees will be the key in the battle for talent. Companies that understand what makes their people tick and are willing to go that extra step will be the winners.
If you don’t value your employees your competitors will, so now is the time to get your retention strategy in place.
Tony Delaney, CEO Brownie Points
