Employee Retention During the Holidays and into 2019
The end of the year is a time to reflect and look forward. As we approach 2019, it’s important to note that the world continues to face a growing global talent shortage. Employers are struggling to attract and retain candidates.
But there are steps employers can take to boost retention in the short and long term. ManpowerGroup’s ongoing Candidate Preferences Research explores candidate behaviors and motivators aimed at helping organizations optimize their talent. Here are steps employers can take to boost retention going into the holidays and the new year.
Have career conversations
There is a positive relationship to employee engagement, business success and career conversations on a regular basis. You have higher productivity and engaged employees, because workers are thinking about becoming a better version of themselves. When employees actively think about career aspirations, then productivity, engagement and higher retention is the outcome.
Accelerate women in leadership
Investigate whether your current HR practices around retention and advancement of women into leadership roles are actually working. Look for data to help you answer key questions, such as: How many women are in leadership roles? Do your people practices enable fair and equitable treatment? What are the perceptions within the organization regarding advancement of women? Do policies and practices match with how women are viewed in the organization and the qualities and experiences people tend to associate with leaders?
Whether it’s from using psychometric assessments, cognitive ability tests, virtual learning modules, or even real-time online business simulations, businesses need to figure out how to make the best of their current employees’ capabilities and potential , ensuring precious time isn’t wasted looking elsewhere.
The results of retaining your talent are mutually beneficial: Businesses find what they need in their current workforce, and employees are given support they need to future-proof their careers.