Employers are being faced with a stark choice—invest in developing their workforce strategy, or do nothing, although the latter is a decision which could prove costly, writes Right Management’s Julie Saddington in the latest Employment Today.
One in three Kiwis is not committed to their current employer and, according to a recent Right Management survey, intends to look elsewhere for work. Despite such warning signs, Saddington says organisations are often too preoccupied with their bottom line to develop strategies that align people with business needs.
In her article Keeping talent in tough times, she outlines several steps employers can take straight away to sustain their workforce.
If they are unable to afford pay rises, employers should be developing a robust people management strategy focusing on retention and engagement, and including elements such as succession planning and ensuring clarity of roles and accountabilities.
Investing time and energy in developing a sound workforce management strategy and building a sustainable engaged workforce will help organisations avoid future crises and contribute to long-term growth, says Saddington.
To find out more click the link: Keeping talent in tough times. The article will open in PDF format.