- March 15, 2022
- Posted by: sadie
- Category: Employee Engagement, Employee Satisfaction
Recruiting and Retaining Top Talent – It’s a Tough Job!
Many good companies are having a hard time recruiting and retaining top talent and they don’t know why…maybe it’s time to take a look at the corporate culture!
According to Deloitte Human Capital Trends Report most executives surveyed cited corporate culture and employee engagement as either important or very important. It appears that these same executives would also recognize that these two factors will play an integral role in recruiting and retaining top talent.
Surprisingly, only a few believed that they understood their own culture or the impact an engaged workforce will have on driving that culture! This same research reported that “organizations actively managing their cultures have 30% higher levels of innovation and 40% higher levels of retention.” AND these are the companies people want to work for! It is clear that nurturing a culture of engagement will support the corporation’s efforts to recruit AND retain top talent!
According to LinkedIn’s Workforce Confidence Index research, over half of their survey participants would consider making a change, and the top reasons were compensation (52%) and misaligned values (49%) – a huge corporate culture issue!
Based on this research, it is clear that Corporate Culture and Employee Engagement work hand-in-hand to support corporate efforts to recruit and retain top talent!
Corporate Culture is all about the how (behaviours) and why (values) of getting things done within an organization. Employee engagement is all about the level of commitment your people have to get things done!
Employee engagement is a by-product of a high-performance culture for many reasons, but, first and foremost, it starts with the vision and values of the organization. The more aligned employees are with the vision and values of the organization, the more engaged they will be.
The Great Resignation has made improving this level of commitment/engagement even more important because, according to Gallup research, highly engaged employees are:
- 81% less likely to seek another job
- 41% less likely to miss work due to poor health
- 36% more likely to recover fully after an illness, injury or hardshipIs your organization is experiencing the crunch of the Great Resignation? It may be time to take a closer look at your culture and the level of engagement of your staff.So, what’s the solution? If an engaged workforce is the driving force of a positive culture, the logical place to start is to:
- Find out how engaged your employees are now,
- Identify their greatest irritants, and
- Do something about it!
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