4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
Talent 2020: Surveying the Talent Paradox From an Employee Perspective.
Deloitte Consulting LLP
Monday, 15th October 2012
 
The economic turbulence of the past few years has created a talent paradox: amid stubbornly high unemployment, employers still face challenges filling technical and skilled jobs.

Employers now need to adjust their talent management initiatives to focus on retaining employees with critical skills who are at a high risk of departure and the capable leaders who can advance their companies amidst continuing global economic turbulence.

To help employers gain a better understanding of the latest employee attitudes and emerging talent trends, Deloitte Consulting LLP teamed with Forbes Insights to survey 560 employees across virtually every major industry and global region.

Based on the results and Deloitte's analysis of the talent market, three emerging challenges rose to the top:
4Hoteliers Image Library
  • Engage employees with meaningful work or watch them walk out the door: Employees value meaningful work over other retention initiatives. 42% of surveyed respondents who have been seeking new employment believe their job does not make good use of their skills and abilities.
  • Focus on "turnover red zones": Employee segments at high risk of departure, or "turnover red zones," are employees with less than two years on the job and Millennial employees (those aged 31 and younger).
  • When it comes to retention, leadership matters: 62% of surveyed employees who plan to stay with their current organizations report high levels of trust in corporate leadership.
The survey results reveal significant shifts in the talent market over the past year, particularly when it comes to turnover intentions. Organizations need to ask themselves the fundamental questions of the talent paradox: Are employees truly satisfied? Or are they simply accepting their fate by "making do" with their current employers because of a difficult job market?
4Hoteliers Image Library

Rising employee satisfaction creates an important window of opportunity for companies. They can reap the benefits of greater employee productivity and engagement by improving their talent strategies, developing leadership opportunities, and tailoring their retention practices.

Yet, if companies see satisfied employees as a reason to become complacent, they run the risk of losing critical talent to competitors, especially among younger employees who will become the next generation of corporate leaders.

The employee perspective on the talent paradox is becoming clear. With the economic uncertainty following the Great Recession, more and more employees see their best career option as developing their skills with their current employer, and they are rewarding companies who are focusing on employee job satisfaction. Download the attached report above to learn more.

Download full report:

www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Human%20Capital/US_Talent2020_September2012_09142012.pdf
Global Brand Awareness & Marketing Tools at 4Hoteliers.com ...[Click for More]
 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2024 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy