Although the news of the national lockdown lifting brings hopes for a return to some form of normality, this is still a transition period, offering us an opportunity to reassess our employee engagement strategies, ensuring teams return to work feeling motivated and empowered to progress within their organizations.
This raises the question of how employees can remain motivated and resilient despite the challenges ignited by the pandemic. If we continue to work in a hybrid fashion, how does this impact the visibility, development and internal mobility of key staff? Has the term ‘talent management’ perhaps overused just 12 months ago disappeared for good or will it reemerge as we consider opportunities for internal mobility as an important engagement strategy as we reimagine the workforce of tomorrow.
The situation
Recent Actus research indicates that prior to 2020, an average of 1 in 4 new hires left an organization within the first 6 months. Reasons for this fell into the following areas: the role was not what people expected; they didn’t agree with the company culture; they didn’t work well with colleagues or they saw no path for progression.
However, the economic downfall caused by COVID-19 has meant that those who are lucky enough to have retained their jobs are more likely to stay put within their company for longer - for now, but this doesn’t mean they are always completely satisfied with their role.
The reality is, external recruitment has become the norm to such an extent that organizations lack the established systems for internal development, leading to a high chance that businesses are retaining expensive, but disengaged and unmotivated new hires. Likewise, existing employees become easily unfocused as their skills are simply not being acknowledged, thus creating retention issues propelled further by companies hiring from competitors and vice versa.
Denne historien er fra March 2021-utgaven av Industry Leaders.
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Denne historien er fra March 2021-utgaven av Industry Leaders.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Architects Pick Their Favorite Building Material
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GERMANY ADOPTS NEW LAW TO HASTEN THE END OF COAL PLANTS
A new climate law adopted by Germany requires that all coal-fired power plants be shut down before the promulgated 2038 deadline. In January 2020, the German government had negotiated a deal worth €40 billion to phase out coal power by 2038, but now it seems the country is in a hurry to end its dependence on coal power due to urgent climate concerns.
IRS AND JUSTICE DEPARTMENT INVESTIGATING CRYPTO EXCHANGE BINANCE
Singapore-based Binance was co-founded in 2017 by Changpeng Zhao, and is the largest cryptocurrency exchange in the world. The US Commodity Futures Trading Commission (CFTC) is probing money laundering and tax-related offenses on the platform by any US citizen. They are investigating whether any illegal trading of derivatives linked to digital tokens was done. The United States residents can only purchase these kinds of products from firms registered with the CFTC.
GEN Z ANGELS
INVESTORS SEEM TO BE GETTING YOUNGER AND YOUNGER.
Biggest AI Talent Grab of the Year
In a post-COVID-19 world, the role of Mergers and Acquisitions (M&A) will be redefined. Companies striving to defend their existing markets and accelerate recovery are looking at a wide range of strategies such as alliances and partnerships. In addition, deal-makings now have to reflect the new environmental and societal priorities of the post-crisis world, which include making organic changes like going virtual, remote collaborations, and potentially less inperson networking.
POSTWAR BOOM
PANDEMIC BRINGS GOOD SALES GROWTH FOR LUXURY CAR BRANDS
GOOGLE PLANS TO BUILD A COMMERCIAL QUANTUM COMPUTER BY 2029
Google is confident it can build a commercial-grade quantum computer by 2029. The search engine giant’s chief executive Sundar Pichai announced the plan to build a quantum computer during the Google I/O stream. To follow through on this ambitious journey is an important milestone in the form of a new Quantum AI campus in Santa Barbara, California, where Google engineers and scientists will be hard to work to build the world’s first commercial quantum computer.
BEYOND THE STARS
The dream of space tourism is alive and well.
2021 SEMICONDUCTOR CHIP SHORTAGE
The semiconductor chip shortage is far from over but this hasn’t stopped governments around the globe from getting creative to move production ahead. The impact of the chip crisis on the automotive market has been debilitating, resulting in competition between automakers and electronics manufacturers.
