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How can you Retain your People?
How can you Retain your People?
Most experts consider that the Great Resignation is over as a result of current economic challenges, which mean that workers are now more worried about job security and therefore are staying in their roles longer than they would want to. Of course this is fuelling high levels of disengagement. However, in sectors where there is a skills shortage, the war on talent is intensifying, leading to companies needing to think of creative ways to hang on to their people, including offering a great deal of flexibility.
Undeniably the global pandemic changed the workplace forever, with hybrid working becoming the norm for the majority of organizations. Statistics show that in London one in five office workers now work from home. The ONS reports that 44% of UK workers are working from home or in a hybrid model. Driving this ongoing transformation post pandemic is workers desire for much more flexibility, the ability to work from home or remotely more often, and to enjoy an improved work/life balance.
So, how do Organizations Attract and Retain Talent?
1. Offer Hybrid or Remote Working: If not, research suggests this is the biggest reason people are leaving their roles and their companies and you will struggle to hire or retain staff.
2. Offer Flexible/Agile Working: Almost a quarter of workers surveyed want to be able to log on when it suits them, for example, after they have dropped their children off at school or been to the gym. Others want to be able to exercise at lunchtime or help with their children’s homework, and then log back on in the evening.
3. Offer Higher Wages: If you want top talent, chances are you will need to pay more than your competitors.
4. Compassionate Leadership is key: Leaders and managers need to actively listen to their workers concerns and needs. Regular anonymous pulse and engagement surveys will provide data around what your employees really want and need.
5. Put Employee Wellbeing at the Centre: From providing ergonomic chairs for those working from home to investing in online exercise classes at lunchtime that can be joined in-person or remotely.
6. Offer free Mental Health Support: This is the most in-demand employee benefit, so offer access to your organization’s Employee Assistance Programme, or provide Resilience Coaching and Training. ROI is often high as a result of reduced sickness absence, increased engagement, and higher productivity.
7. Provide Clarity on Roles and Responsibilities: explain how each team member’s work tasks and projects contribute to the overall success of the organization.
8. Align Objectives with the Organizations Vision and Strategy: so that all employees understand any revised direction or priorities your organization has as a result of the pandemic.
9. Empower your Team members: Explain the regularity and means of Communication required, the levels of Decision Making authority your team members have, and trust them to deliver.
10. Lead and Manage Change: by explaining why you are making changes before you start outlining processes of how you will get to the desired end goal.
‘The 360 Feedback you have provided, added to the Executive and Career Coaching, and Resilience Coaching have all definitely assisted us in retaining many of our top teams. The ROI is therefore extremely high, thank you.’ Chief People Officer
You can listen to my Expert Audio Talk on this Topic Here.
If you would like to know more about this subject or to book any of the following, please contact me:
Coaching:
Executive Coaching and Mentoring, Career and Transition Coaching, Business Coaching, Resilience Coaching, Life Coaching Retreats
Training:
Leadership Training, High Performance Leadership Development, Management Training, Leadership and Management Team Development, Facilitated Team Away Days, Group Coaching
Assessment:
Executive Assessment, 360 Feedback, Face to Face 360 Feedback, Talent Management and Succession Planning