This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Talent 2020 - Surveying the talent paradox from an employee perspective | Whitepaper


DOWNLOAD  

Talent 2020 - Surveying the talent paradox from an employee perspectiveThe 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:

  • 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 organisations 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. Organisations 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?

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.

Page Last Updated

Related links

  • HR survey - The global trend remains defensive
    At the end of 2010, Deloitte Luxembourg decided to extend the Talent Survey initiative first launched one year previously in order to more closely monitor the concerns of Luxembourg companies and provide food for thought regarding the fundamental trends in talent and high-potential profile management.
  • Managing talent in turbulent times
    At the end of 2009, Deloitte Luxembourg launched a local survey to better understand which talent issues organisations are facing today what they are doing to address these and how they are aligning their talent management strategies.
  • Human capital services
    Our human capital advisory services offer you a 'one-stop-shop' approach in integrating people issues with business strategy.

Share

 

Stay connected:
Get connected
Share your comments
More on Deloitte Luxembourg
Learn about our site

Recently published