TALENT RETENTION
Given the costs of Talent Resourcing and Growth it is not surprising that Retention remains a key factor in protecting and nurturing an Organisations Talent pool.
Estimates suggest that losing a middle manager costs an organisation up to 100% of their salary, senior managers up to 200%.
Retention processes and initiatives fall in to two groups. Those that are tangible such as systems, policies, procedural or environmental related:
- Recognition, Rewards and Benefits
- Performance Management
- Career Planning
- Competency Frameworks
- Development Opportunities
- Communication Processes
- Physical Environments
- Conditions of Employment
…….and those less tangible that are more related to:
- Management Style
- Leadership
- Engagement
- Empowerment
- Job Satisfaction
- Well Being
- Organisational Values and Culture
At Ezek we can help you develop a strategic approach to Retention or we can support specific initiatives in specific areas with specific employee groups.