Business Saviness
April 26, 2024
The Covid-19 pandemic caused numerous widespread problems for businesses, governments, and individuals alike. Regarding business specifically, the pandemic triggered significant talent shortages globally, with Professor Anthony Klotz referring to this phenomenon as the Great Resignation to describe this. Statistically speaking, it is estimated that 77% of Gen Z-ers, 63% of Millennials, and 33% of baby boomers are planning to change jobs within the next year.
This has increased employee turnover and the fluidity of the job market with a Korn Ferry study showing that 55% of professionals believe this will continue to grow in 2022. Resultantly, 50% of CEOs globally have cited talent recruitment as one of their most critical employee focuses.
The power of an effective workforce within an organisation should not be underestimated. It is well documented both in academia and reality that employees are a resource capable of sustaining a competitive advantage with a positive relationship between this and firm performance.
The Great Resignation has had several practical implications. Firstly, and unsurprisingly this has increased the importance of organsiations having efficient and effective recruitment processes. As so many more people are leaving organisations, companies need systems in place able to cope with the increased pressure on them.
A perhaps more unexpected result of these higher levels of employee turnover, however, is the mindset shift that has taken place transforming the market from being dominated by employers demands to the employees. This means organisations are actively improving candidate experience and engagement during the recruitment process to increase recruiting success.
Having said all of this, the Definitive Guide to Talent Acquisition research found that only 15% of companies were attracting and retaining candidates well.
Is your organisation within this 15%? Or are you struggling like the majority?
The transformation from the ‘Great Resignation to ‘The Great Hire’ is the phase we are moving into and those organisations who can make the transition quickly will give themselves a chance to recruit the best talent.
It is simple, to hire the best people, you need the best recruitment systems, strategies, and synergy between candidates and culture.
When you have achieved this, be sure to live up to the candidate’s expectations or they will become another statistic and the costly resignation cycle starts again.
Follow us on LinkedIn for more content.
Culture
July 12, 2024
Culture
July 12, 2024
Culture
July 12, 2024
Strategic Execution and Implementation involves turning plans into action and ensuring organisational strategies are effectively implemented to achieve goals, improve performance, and drive business success.
Customer experience (CX) refers to customers' overall perception and interaction with a company or brand throughout their entire journey. It encompasses all touchpoints and interactions, from initial awareness to post-purchase support.
Growth, marketing, and sales are interconnected aspects of business that work together to drive revenue, acquire customers, and expand market presence. Here's an overview of each area and how they contribute to the overall success of a business.
People Performance focuses on understanding human behaviour, optimising team dynamics, and enhancing organisational effectiveness through psychological principles and performance management strategies.
Organisational Performance is a measure of how effectively an organisation achieves its goals, enhances productivity, and experiences growth through efficient processes, strong leadership, and employee engagement.
We value your privacy. We ensure that your data is secure and confidential. We never share client information with third parties, safeguarding your trust and confidentiality.
Ignite your organisation's potential with us. Our experienced consultants are ready to help you enhance efficiency, boost growth, and create a thriving workplace culture. With cutting-edge tools like Mindset Indicator Monitor, MiMLaaS, and Johari360, we offer tailored solutions to meet your unique needs. Whether you're looking to improve employee engagement, streamline operations, or develop leadership skills, we're here to support you every step of the way. Don't wait—reach out today and discover how we can transform your business. Chat with us now and start your journey to success!