Engaged Employees Increase Bottom Line
Talent has emerged as a top priority on the business agendas of South African companies. From Boards of Directors to CEOs to business unit leaders, there is consensus that talent is fundamental to business success. At the same time, however, there is growing concern amongst these executives about talent. Specifically, they are worried about the scarce supply of critical skills, how to best to retain the people they have, and their leadership bench-strength.
Given the global talent shortage, particularly in developing economies, a key theme globally is how to retain the talent that organisations recruit. Both locally and globally, research suggests that in leading companies increasing remuneration packages adds little to the retention and engagement of key personnel. Perhaps the most significant factor in the retention and engagement of critical talent is the leadership and people management skills of the immediate manager. Other key factors include career development and promotion opportunities and the creation of an inclusive and supportive environment in which employees feel they are recognised for their performance and treated as individuals.
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