Recruiting and retaining talent

In early 2021 employees began quitting their jobs in droves and The Great Resignation began. And it is still going on. In May 2022 PwC found that 20% of the UK’s workforce was considering resigning within the next three months.

And while it may be a life-changing opportunity for individuals, it is a very real and ongoing concern for employers. But what can be done?

This excellent report by McKinsey advises organisations to consider the personas of the modern workforce, in much the same way as you would a marketing analysis.

The outcomes are varied and make for fascinating reading, but one thing is abundantly clear: culture is key.

Here's a summary of the recommended actions:

1. Sharpen your ‘traditional’ employee value proposition (remuneration, job titles, development etc.) and don’t underestimate the damage caused by bad managers within your business 

2. Build your non-traditional offering, with a strong focus on company culture. Make it relevant to employees from the very start. 

3. Broaden your approach to sourcing talent

4. Invest more in providing meaning, a sense of belonging and stronger team dynamics

Culture has always played a crucial role in organisational success but it’s finally being given the airtime it needs. If you aren’t thinking about how your organisation’s culture is relevant in today’s world, then you are already falling behind.