Here is a brief excerpt from an article by Josh Bersin for LinkedIn Pulse. To read the complete article and sign up for others, please click here.
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We just completed one of the largest-ever studies of corporate talent and HR needs around the world — the Deloitte 2014 Human Capital Trends Study Deloitte 2014 Human Capital Trends study, which surveyed more than 2,500 companies in 90 countries around the world. There are twelve key findings described in detail in the report and an interactive dashboard you can use to view trends and capability gaps by location and industry.)
[Here’s the first of the top findings that Bersin discusses.]
1. Retention and Engagement Have Become Critical Problems.
Businesses around the world need to “re-engage” and motivate people. All our research shows that a combination of old-fashioned performance management practices (read “The Myth of the Bell Curve” for a great discussion of this topic – over 10,000 comments), lack of talent mobility, low levels of diversity and inclusion, and weak skills in mid-management are causing Millennials and even Boomers to look for new positions. Gallup research says that only 13% of employees worldwide are highly engaged and twice that number are so unhappy they will sabotage their employer!
To make matters worse, those with in-demand skills can now change jobs easily, forcing companies to think “engagement” as a holistic problem, not simply an annual survey. I think the word “retention” is out of date — businesses can’t “retain” people, they have to create a magnetic “attraction.”
I will be introducing our whole new concept for employee engagement at our IMPACT Research Conference, something we call the “Simply Irresistible Organization(®).”
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Here’s a direct link to the complete article.
Josh Bersin writes and researches corporate talent, learning, leadership, and HR best-practices around the world. He is Principal, Deloitte Consulting LLP and founder of Bersin by Deloitte. You can follow Josh here or on twitter josh_bersin or at www.bersin.com.