As 2012 begins to unfold, we can see that the hopes for a global economic recovery that emerged in 2010 gave way to a new wave of economic doubts throughout 2011. Against this backdrop, and with economists now debating the likelihood of a double dip recession, a number of savvy business leaders are seeking new sources of growth and are tailoring their talent programmes to address differing regional and demographic needs to support effective talent strategies and business operations.
Yet despite this trend, too many organisations still do not have a realistic picture of the divergences between the attitudes and desires of their employees and the talent strategies and practices they have adopted. A result of this misalignment is that an increasing number of employees with pent-up desires to leave their current employers are now actively testing the job market. The reality is that rising levels of workforce disengagement combined with increasing turnover intentions, which have built up slowly but steadily during the recession, may in fact impact companies across the very business units that they are relying on to drive growth and innovation. To compound this situation even further, the general sentiment amongst employees we have surveyed suggests that their employers are not doing a good job at implementing their talent strategies.
What has become abundantly clear from the data generated by the Best Company to Work For Survey is that having a talent strategy in place with supporting policies and procedures does not guarantee that an organisation will be experienced and recognised by its employees as an employer of choice. The existence of these alone is not enough. Unless they are aligned with the needs and expectations of the workforce and are understandable, accessible to all, and perhaps most importantly, executed appropriately and consistently by the organisation’s leaders at all levels, the road to recovery is likely to be a rocky one.
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The Best Company to Work For Survey has been conducted annually by Deloitte since 2000 during which time it has emerged as the pre-eminent survey of its kind.