Why is it important to address this issue?
HR professionals are claiming that their highest priorities over the coming years are employee engagement and retention. Their concerns are grounded in statistics which suggest that only about a third of people feeling actively engaged at work. What’s more, as millennials are forming a greater proportion of the workplace, turnover is rising. 66% of millennials say that they expect to leave their current employers by 2020.
Coping with these shifts in the workforce has required new crafting of company culture, the purpose and meaning of work, social responsibility and open communication. Learning and development opportunities are expected or engagement scores plummet and employees leave.
It is essential that organisations learn to balance the requirements of both their business strategy and their people, or performance will decline and people will leave.