Talent retention - all the stats

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Incentive solutions that deliver results. 13 Feb 2015

Talent retention –A business imperative

SALES INCENTIVES|PERFORMANCE REWARDS|EVENTS COMMUNICATION|INCENTIVE TRAVEL

BRAZIL | EGYPT | GHANA |INDIA | INDONESIA | KENYA | MAURITIUS | NIGERIA | SOUTH AFRICA |SWITZERLAND | UGANDA

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We exist to help our clients,

and their people, WIN

MILLENIALS

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We exist to help our clients,

and their people, WIN

By 2020, millennials will be

50% of the global workforce.

WHY IS THIS IMPORTANT?

Millennials want a management style and corporate culture that is markedly different to that of baby boomers.

Millennials tend to be uncomfortable with rigid corporate structures and turned off by information silos. .

They have an affinity with the digital world. Technology and social media is their currency and everything else needs to fit. .

WHO CARES?

JUST HIRE ANOTHER ONE

OR NOT

To replace an engaged employee costs between

60%-200% of the employee’s total annual salary.

HOW IS THIS POSSIBLE?

Hiring is a time consuming process: each candidate needs to be carefully examined and considered

Training: new recruit training is an essential element in the hiring process

“Defection”: it is likely that if an employee leaves your organisation, they may be employed by a competitor

WHY DO PEOPLE ABANDON SHIP?

The reason that 95% of people leave their jobs is because they don’t feel valued.

No Engagement

Research shows that 70% of employees

are disengaged or actively disengaged.

If you compare your company to ten crew in a boat, only three of them are paddling to go forward, five are there for the ride, and two are actively trying to sink the boat.

MORE REASON WHY TALENT RETENTION IS AN IMPERATIVE

20-30% better than

those who don’t.

ROI: Businesses across the size spectrum that retain their top talent perform on average

Recent research has revealed that engaged staff are

480%more committed to helping the company succeed.

HOW TO RETAIN YOUR TOP TALENT

STRIVE TO BECOME A “BEST EMPLOYER”

Best Employers drive:

• higher engagement, • higher retention rate, • higher revenue growth, • Greater shareholder value• Consistent long term

performance.

LEAD FROM THE FRONT

Genuinely Care About & Recognise Your Workforce

By showing a real interest in your workforce you actively demonstrate that you value them and their contribution to the business.

Act With IntegrityLeaders actively living the values of their own company set a great example

Demonstrate Competence Teaching and mentoring demonstrate that the leadership is happy to invest in the future of the company

PRACTICAL TIPS TO START THE BALL ROLLING

• Build relationships and communicate with employees regularly• Build good recruitment processes• Build morale and provide a work environment that is

comfortable and pleasing• Build respect: it is important that employees respect their

direct supervisors as well as company leadership• Always, always treat employees fairly• Recognise and reward behaviour that reflects good work habits

This requires Introspection

Consultation with staff

Planning

Recognition & Reward programme(soft and hard rewards)

Proven Expert intervention

www.uwiniwin.net

Keep winning!