Essential HR Tech
Adapting to the new talent landscape
Record high staff turnover
In 2021 RewardGateway surveyed 3,809 employees across Australia, the UK and United States. They found that a staggering 42% of employees are currently or will be looking for a new employer this year.
This comes on top of research from 2020 showing that 31.2% of surveyed organisations were already finding employee retention challenging.
Staff turnover has an obvious impact on workload in terms of recruitment and onboarding. It can take months to bring new hires up to speed and more than a year to gain the experience needed to be truly proficient.
Staff turnover is at record highs
But it isn’t just a recruitment and onboarding challenge. Staff turnover has a material impact on skills. It creates gaps in the capabilities teams need to operate effectively. Knowing how to identify those skill gaps or low levels of capability are critical to being able to operate in 2021 and beyond.
Everyone’s life has dramatically changed
Life has dramatically changed and so have expectations
Everyone’s life has dramatically changed. People are consuming more online services than ever. Whether it’s online shopping, Netflix or contract tracing apps, there’s a new expectation that it’ll be online or in an app.
Your staff are no different. They expect your systems to be online and easy to use. If you present them with manual forms, spreadsheets and disjointed experiences you’ll likely lose them to organisations that offer better experiences.