This ebook is extracted out of the report Acquisition and Retention in the War for Talent. It belongs to the Kelly Global Workforce Index, a global questionnaire of the workforce solution company Kelly Services across 30 countries with more than 165,000 participants.
Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project
Accelerate new hire productivity with 90+day onboardingCompettia
US & UK spend $37B to keep unproductive employees who don’t understand their jobs.
Good onboarding gets 77% of employees to reach their 1st performance milestone.What can you do to give new hires the training and autonomy they need to get there? Find crucial global onboarding stats that show the impact of onboarding on employee retention, new hire performance, and company revenues. Learn how you can create effective games to speed up training and shorten time to productivity. Try the Atrivity onboarding game demo here: http://atrivity.games/onboarding
This third installment, on the topic of Employee Engagement and Retention, looks in some depth at the employee-employer relationship, including issues such as employee loyalty, happiness and commitment to the job. It also examines views about the employer’s reputation as a preferred place to work, and the circumstances under which employees explore alternative jobs and careers.
This presentation seeks to understand all possible factors behind Employee Attrition in the Philippine Corporate setting with challenges to HR departments to be innovative in addressing this problem.
Internal Branding To Strengthen Talent Retention StrategiesKenny Ong
*Signal to the staff the chance of career development in your
organisation
*Secondment - Increasingly being recognised as valuable for development.
*Providing increase in flexibility of working patterns which
will be increasingly important in the future.
*Understand secondment
well to develop your organisation’s skills base and avoid the possible
pitfalls.
l*Internal branding and employee engagement - Learn the building and maintaining of successful internal brand. *Discover how this will
positively affect your position as an employer, staff retention rates and customer service.
Employee retention is a process in which the employees are encouraged to remain with the organization for the maximum period of time or until the completion of the project
Accelerate new hire productivity with 90+day onboardingCompettia
US & UK spend $37B to keep unproductive employees who don’t understand their jobs.
Good onboarding gets 77% of employees to reach their 1st performance milestone.What can you do to give new hires the training and autonomy they need to get there? Find crucial global onboarding stats that show the impact of onboarding on employee retention, new hire performance, and company revenues. Learn how you can create effective games to speed up training and shorten time to productivity. Try the Atrivity onboarding game demo here: http://atrivity.games/onboarding
This third installment, on the topic of Employee Engagement and Retention, looks in some depth at the employee-employer relationship, including issues such as employee loyalty, happiness and commitment to the job. It also examines views about the employer’s reputation as a preferred place to work, and the circumstances under which employees explore alternative jobs and careers.
This presentation seeks to understand all possible factors behind Employee Attrition in the Philippine Corporate setting with challenges to HR departments to be innovative in addressing this problem.
Internal Branding To Strengthen Talent Retention StrategiesKenny Ong
*Signal to the staff the chance of career development in your
organisation
*Secondment - Increasingly being recognised as valuable for development.
*Providing increase in flexibility of working patterns which
will be increasingly important in the future.
*Understand secondment
well to develop your organisation’s skills base and avoid the possible
pitfalls.
l*Internal branding and employee engagement - Learn the building and maintaining of successful internal brand. *Discover how this will
positively affect your position as an employer, staff retention rates and customer service.
To understand the drivers of engagement and retention and how to develop and implement a retention strategy
• Aligning retention with an integrated TM framework
• Understanding motivation, engagement, commitment and retention
• customising retention drivers and initiatives
• Diagnostics to test actual drivers and impact of current and future initiatives – interviews, focus groups, surveys, best practice research
• Talent segmentation
• Prioritising initiatives and building a road-map for retention
• Successes and Lessons learnt
A short presentation for business leaders who want practical ways to stop losing talented people. From Omnicor - Evidence Based Organisational Development Solutions
**Download for slide notes.** Presentation given at the Women in Manufacturing Summit in Milwaukee, WI on October 29, 2012 by Marni Hockenberg of Hockenberg Search and Mary Scheibel of Trefoil Group. (Note the large file size)
Talent retention penne gabel and colleen la roseColleen LaRose
What is talent retention? Why is it important? How can the public workforce system help companies with their talent retention efforts? All this and more is covered in this webinar! The full webinar may be purchased at www/nereta/org/training
The 5 most powerful retention strategies for your business - SME recruitment ...Michael Page Australia
Watch the webinar here: http://expertise.michaelpage.com.au/sme-recruitment/retention-webinar/
The training covers:
- The five most powerful retention strategies that will make your best employees stay
- Clear guidelines on how to leverage your business size as your competitive advantage
- Practical tips from our most successful SME clients that will have a big impact at a low cost
- Specific recruitment questions from SMEs answered by our SME recruitment expert, Clare Johnson
Driving Growth & Talent Retention through Pay for PerformanceBest Practices
Valuing and recognizing the company's top performers are critical factors to staying healthy and competitive in today's marketplace. In addition to other incentives, an annual bonus program provides companies with opportunities to financially reward employees for their contributions each year. However, smaller bonus pools, unfair distributions, misalignment of goals, complex global administration, and other obstacles can plague the integrity of the system, ultimately sending talent out the door.
Best Practices, LLC conducted this cross-industry study to investigate how compensation organizations at leading global companies are structuring and implementing pay for performance annual bonus programs to reward top performers and retain talent in today's environment of shrinking resources and increasing talent competition.
Savvy companies design, implement, and continuously evaluate a pay for performance compensation plan to reward top performers. By identifying drivers, measures of success, program elements, global differences, and implementation best practices, this study will highlight the must-haves of successful pay for performance bonus plans.
Talent Talk Webinar Retention Key To Successful RecruitingDavid Freeman
GenX/GenY workers place a much lower value on company loyalty, resulting in lower employment tenure on average than their baby boomer counterparts. Studies predict a massive change in the workforce as boomers retire and younger workers become the largest portion of the workforce. How will you retain the key skills and knowledge that resides with this younger, more mobile workforce? Talent management expert David Freeman walks you through simple steps and strategies for increasing the success of your hiring efforts by focusing on retention.
You’ll learn:
• What motivates the GenX/GenY workers and the most common reasons they leave
• What the industry leaders are doing to retain their people assets
• What you can do to build a solid retention plan
This is a presentation I did for the South African Institute for Professional Accountants recently about their Talent Retention challenges.
The stats are really powerful, it is mind-boggling that not all companies, big or small are implementing incentive programmes for motivation, sales performance, talent retention and skills upliftment.
Customer Retention...and strategies that work.MPAY Inc.
By increasing customer retention rates by 5% profits increase by 25-95%. This statistic marks the beginning of establishing customer retention strategies.
EUROPE: 8 signs talent retention strategies are falteringTamara Schenk
Today, it seems employees are taking their careers into their own hands. They’re reporting high levels
of dissatisfaction, but it’s not the trivial kind. Rather, they appear to be searching for organizations that will
embrace their potential, provide them with consistent challenges, and this - far more than higher salaries or
better benefits - is the reward they are seeking in spite of economic uncertainty.
8 Signs Talent Retention Strategies are faltering - Europeleifagneus
This ebook is extracted out of the report Acquisition and Retention in the War for Talent. It belongs to the Kelly Global Workforce Index, a global questionnaire of the workforce solution company Kelly Services across 30 countries with more than 165,000 participants.
Click through to see the top corporate recruiting trends for Australia in 2012.
Learn more about LinkedIn Talent Solutions: http://linkd.in/1bgERGj
Subscribe to the LinkedIn Talent Blog: http://linkd.in/18yp4Cg
Follow the LinkedIn Talent Solutions page: http://linkd.in/1cNvIFT
Tweet with us: http://bit.ly/HireOnLinkedIn
Click through to see the top corporate recruiting trends for India in 2012.
Learn more about LinkedIn Talent Solutions: http://linkd.in/1bgERGj
Subscribe to the LinkedIn Talent Blog: http://linkd.in/18yp4Cg
Follow the LinkedIn Talent Solutions page: http://linkd.in/1cNvIFT
Tweet with us: http://bit.ly/HireOnLinkedIn
The Employment Restructuring Report is compiled by Kelly Services. It provides a timely review of economic, labour and hiring conditions in the relevant markets, with a detailed focus on the most recent data regarding mass layoffs and restructuring. The report is compiled utilising publicly available data from official, private and not-for-profit organisations. published on a quarterly basis, the employment Restructuring Report is available in separate editions for the United States and the European Union.
The 2013 Kelly Global Workforce Index (KGWI) brings work and workplace insights sourced from more than 120,000 respondents from 31 countries across the Americas, EMEA and APAC regions.
This first installment, on the topic of Career Development and Upskilling, explores the changing focus on training and skills development, as employees become more proactive and self-reliant in managing their careers.
The employment Restructuring Report is compiled by Kelly services. It provides a timely review of economic, labour and hiring conditions in the relevant markets, with a detailed focus on the most recent data regarding mass layoffs and restructuring. The report is compiled utilising publicly available data from official, private and not-for-profit organisations. published on a quarterly basis, the employment Restructuring Report is available in separate editions for the United States and the European Union.
This installment of the 2012 Kelly Global Workforce Index looks at the emergence of the highly virtual workforce, characterized by employees that are connected to their workplace around the clock by virtue of mobile technologies.
This fourth installment of the 2012 KGWI
looks at issues surrounding job mobility and career progression as part of a shift to a more autonomous and empowered workforce. It shows a changing attitude on the part of employees, with more embracing the notion of gaining new experiences and skills with multiple employers.
The “E” in STEM – spotlight on the engineering employment marketTodd Wheatland
A new info graphic on the top growing engineering specialties and geographic markets in the U.S. is showing a clear picture: Demand is growing and impending retirement of many of the profession's most experienced workers looks set to put further pressure on organizations seeking top engineering talent.
This is info graph is the visual summary of our third KGWI report on the issue of leadership in the contemporary workplace from the employee perspective.
For this and more workforce insights please visit http://www.talentproject.com
This is the third report of the 2012 Kelly Global Workforce Index Research.
The report examines the issue of leadership in the contemporary workplace from the employee perspective.
It explores the way that workers think about the quality, direction, and style of leadership, and the degree to which they share the goals of those who head their organizations.
For this and more workforce insights please visit http://www.talentproject.com
STEM jobs (97 occupations that fall into the science, technology, engineering and mathematics fields) are part of a critical cycle of economic growth. They are vital for national competitiveness, fueling the economy and creating more downstream jobs.
The Impact of Artificial Intelligence on Modern Society.pdfssuser3e63fc
Just a game Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?Assignment 3
1. What has made Louis Vuitton's business model successful in the Japanese luxury market?
2. What are the opportunities and challenges for Louis Vuitton in Japan?
3. What are the specifics of the Japanese fashion luxury market?
4. How did Louis Vuitton enter into the Japanese market originally? What were the other entry strategies it adopted later to strengthen its presence?
5. Will Louis Vuitton have any new challenges arise due to the global financial crisis? How does it overcome the new challenges?
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Exploring Career Paths in Cybersecurity for Technical CommunicatorsBen Woelk, CISSP, CPTC
Brief overview of career options in cybersecurity for technical communicators. Includes discussion of my career path, certification options, NICE and NIST resources.
2. Talent retention declines as opportunity grows in APAC
Over the past three years, something entirely counter- are seeking to move from one opportunity to the next
intuitive has occurred regarding employee retention to maximise their potential and expand their skill and
across the Asia-Pacific region. Despite unprecedented experience base.
global economic turmoil over this period, the proportion
of employees intending to leave their current job has For the most part, employees have created a new
increased. In uncertain times, employers generally career template for themselves that doesn’t include one
expect to see an upswing in loyalty, yet the opposite employer for long periods of time. This poses a great
has occurred. challenge for HR professionals, recruiters and hiring
managers across the region, and indeed the world. How
Why? do you hold on to talent when talent has already decided
to keep moving?
In our latest survey of some 35,000 people across the
region, one thing is clear: employees are taking their Here, we explore the results of the latest Kelly Global
careers into their own hands. They’re not waiting for Workforce Index in an attempt to provide some insights,
the employment market to improve, for employers to a reality check, and some tangible ways forward.
promote them, nor increase their salaries. Instead, they
Kelly Global Workforce Index™ 2
3. 1 / Voluntary attrition increases
Most employees are looking to move organisations, and despite
ongoing economic turmoil, loyalty has not increased.
Employees in the Asia-Pacific region have seen a
job switching
slight increase in voluntary, planned exits from current Job Switching APAC
Do you intend to look for a job with another organization within the next year? (% Yes, by region)
employers over the past three years. 100
66% 58% 61% 71% 58% 68% 57% 65%
Six in ten workers in the region say they intend to look 90
for a job with another organization, and employees in
80
Indonesia, Australia and New Zealand lead this trend.
Significantly fewer employees in China and Malaysia say 70
they intend to move jobs in the next 12 months (both
58%) but still well above half the workforce in these 60
countries.
50
It appears that employees plan to move organizations 40
as part of a broader career strategy—perhaps in
response to decreasing career prospects in their current 30
roles, increased opportunity externally, and the need to
20
acquire new skills in a rapidly evolving market.
10
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Kelly Global Workforce Index™ 3
4. 2 / Exits are now well-planned, strategic decisions
While voluntary attrition plans are on the rise, unplanned
exits driven by personal frustration are low.
The responses from employees in Asia-Pacific reveal
“I quit!”
that relatively few feel the “I quit” urge despite having I Quit! APAC
Do you frequently think about quitting your current job and leaving your employer? (% Yes, by region)
already planned their exits from their current employers. 100
Many employees are seeking greater opportunities 33% 40% 30% 56% 41% 30% 37% 43%
to develop and excel in their field, and the chance to 90
use their existing skills and experience. They want a
80
challenge and few feel that their current employer can
offer it. 70
Around four in ten respondents in the region (39%) 60
say they frequently think about quitting their job. This
50
is highest in Indonesia (56%) and Thailand (43%), and
lowest in India and New Zealand (both 30%). In fact, 40
Indonesia and Thailand present a significant counter
30
trend in the region—both report higher than average
intent to quit, yet higher than average satisfaction with 20
employers. This could well be an indicator that a large
10
proportion of what’s driving turnover is about the new
opportunities that are opening up in these markets.
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Kelly Global Workforce Index™ 4
5. 3 / Few employees feel their role is ‘meaningful’
A sense of meaning and achievement is critical to retention—without it
employees are looking elsewhere in spite of economic uncertainty.
Just half of employees (49%) feel that they have a sense
job fulfillment
of ‘meaning’ in their work across Asia-Pacific. While Job Fulfillment APAC
Does your current employment provide you with a sense of “meaning”? (% Yes, by region)
both Australia, China, New Zealand, Singapore and 100
Malaysia report lower levels of ‘meaning’ in their work 41% 44% 48% 80% 46% 40% 41% 71%
than the global average, more than eight in ten (80%) in 90
Indonesia and seven in ten (70%) in Thailand feel they
80
have genuine job fulfilment.
70
60
50
40
30
20
10
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Kelly Global Workforce Index™ 5
6. 4 / They believe having multiple employers is an advantage
While some still believe its possible to have one employer for life,
most see multiple employers is a career asset.
While four in ten employees in India still believe in the
one employer for life
concept of ‘one employer for life’ (41%), which is well One Employer for Life APAC
To what degree do you agree or disagree that a “career-for-life” with one employer is relevant? (Total ‘agree’)
ahead of those who still hold this view in Indonesia 100
and Thailand (20% and 28% respectively), it seems it is 32% 34% 41% 20% 31% 29% 29% 28%
becoming less and less likely in reality. Most employees 90
now believe that staying with a single employer is a
80
limitation on their career prospects.
70
In APAC, some 70% of workers feel that gaining
experience with multiple employers is an asset to their 60
careers. This is highest in some rapidly developing
50
markets in the region such as Indonesia (81%), Thailand
(81%), although India has the lowest rate of believing 40
that multiple employers is an advantage (61%). Many of
30
the developed markets in the region are somewhere in
the middle on this count: Australia (65%), New Zealand 20
(66%) and Singapore (68%).
10
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Kelly Global Workforce Index™ 6
7. 5 / Counter offers are unlikely to change their minds
Few employees are keen to have an open dialogue with their employers about their
desire to move on, which signals their minds are already made up.
People in APAC align with the global trend of not
likely to share quitting plans
intending to share their quitting plans with their
How likely are you to share your potential plans to move to another organization with your employer, with
employers—just 29% say they would do so. However, Likely to share quitting plans APAC
the thought that this may result in changes that may motivate you to stay? (Total ‘likely’, by region)
employees in China are significant outliers on this 100
29% 42% 32% 19% 29% 30% 26% 21%
count. Four in ten (42%) say they would share their
90
intentions with their employer in the hope that it will
result in changes or counter-offers that will enable them 80
to stay put.
70
While there are large differences across the region, a
60
large number of employees seem set on their plans
to move organizations regardless of their managers’ 50
response to their resignation. Given that most counter
40
offers are usually just a rise in pay, employees are again
indicating that financial incentives are not the only kind 30
of change they’re looking for.
20
10
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Kelly Global Workforce Index™ 7
8. 6 / Employees feel under-valued
and under-utilised
Just half of employees in Asia-Pacific (51%) feel
realising potential
valued by their current employer. This is the highest Realising potential APAC
Do you feel that our current employer is realising the full benefits of your potential? (% Yes, by region)
proportion in the world, and significantly ahead of those 100
in Europe, yet still represents a less-than-ideal picture 29% 29% 46% 69% 38% 29% 30% 62%
for employers. 90
80
The sense of being valued is lowest in Singapore (41%)
with similar results in Australia (43%) and New Zealand 70
(43%). Yet, Thailand and Indonesia represent major
outliers on this count. The majority of employees in 60
these countries say they feel valued, and this is partly
50
explained by the fact that they report far higher rates of
feeling fully utilised in their roles. 40
While just 29% of employees in Australia, New Zealand 30
and China report that their full potential is being
20
realised by their current employer, this figure is 62% in
Thailand and higher again in Indonesia (69%)—both 10
exceptionally high by world standards.
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Kelly Global Workforce Index™ 8
9. 7 / They are looking for personal
advancement first and foremost
What really keeps employees engaged— enjoyable and challenging
work—is often difficult for managers to respond to.
Personal growth and advancement is the number one
Factors that drive job choice
factors that drive job choice
factor in deciding whether to accept a role. The two
Which of the following factors would drive your decision to accept one job/position over another? (By region)
issues of personal fulfilment and personal growth/
100
advancement account for around three-quarters (75%)
of all responses across Asia-Pacific, signalling again
that rapid development and promotion is the key to
80
retention in the region.
When compared with financial incentives, personal
advancement far outweighs pay as a driver of job 60
acceptance in every country across the region.
40
20
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Personal fulfillment/growth/advancement Compensation/benefits
Kelly Global Workforce Index™ 9
10. 8 / Their desire for reward is personal
They expect a reward, but don’t assume it’s all about more money.
Compared to the global average, more people in the
Rewarding Performance
rewarding performance
Asia-Pacific region say they expect some formal reward
What is your preferred way of being rewarded for good performance at work (By region)
for a job well done. However, there are vast differences
100
across the region. In Australia and New Zealand, around
one-in-five people say they don’t expect any reward
for high performance (20% and 17% respectively), yet
80
across every other country this is very low—down to just
1% in China. So, for the most part, employees expect
something. But promotion is high on their agenda and
60
a very close second to financial reward.
The significant differences across all countries and
regions points to the fact that rewards and incentives 40
are very personal. Having a one-size-fits-all approach
is likely to miss the mark, as none of the suggested
performance rewards can claim to meet the desires of 20
the majority of any worker population.
0
Australia China India Indonesia Malaysia New Zealand Singapore Thailand
Financial Bonus None required
Kelly Global Workforce Index™ 10
11. conclusion
A global pattern has emerged in talent retention. Most finding ways to demonstrate the ways in which each role Ensuring that managers and HR departments have a clear
people are planning to switch jobs this year, and they contributes to overall outcomes is key to retention and view of the skills that each employee has, and making
have clear strategic reasons for doing so. Few employees productivity. Team recognition is fine, but individuals internal movement opportunities and project teams more
across Asia-Pacific feel that their full potential is being (particularly highly talented ones) want to see how flexible will help both employer and employee access the
utilised and many are seeing greater opportunities in their they impact results too, and this means finding ways to full spectrum of talent and skills available.
local markets. This inevitably throws up a negative cycle measure and report on it.
TIP #5 / Find ways to move employees internally:
for employers: one employee leaves to pursue their goals allowing employees to choose projects and make a
TIP #3 / Think like a contingent worker: even in markets
elsewhere, another arrives in their place with the same case for being part of them, as well encouraging other
such as Thailand and Indonesia where employees are more
goal. Instead of being locked into an endless, vicious departments/managers and teams to seek skills internally,
satisfied with their current employer, movement intentions
cycle, HR professionals, and managers must: will increase development and growth opportunities for
are still high and are driven by the perception that new
TIP #1 / Keep an eye on the competitive landscape: employers bring new opportunities. Therefore, employers internal talent.
greater employment opportunities in Asia are driving in the region need to consider ways to offer the benefits TIP #6 / Ask how they want to be rewarded: pay and
decreasing retention despite improvements in pay and of contingent work to permanent employees. A growing benefits are clearly important to workers in the region,
other employment conditions. Understanding the market, proportion of workers around the world are moving to yet each employee is different. Consider how you might
including specific skills shortages, will assist employers the free agent work-style, and around one-third of most provide employees with access to other projects, skills and
to offer a competitive overall package to employees workforces are now made up of contingent labour, so new responsibilities when they reach their performance targets.
seeking rapid promotion and skill development in the fast- retention strategies need to consider ways to increase the If we know employee movement is driven by the desire to
developing markets. engagement and motivation of these employees too. access new skills, finding ways is critical to retention.
TIP # 2 / Focus on ways to demonstrate the outcomes TIP #4 / Commit resources to document and track skills:
and contribution of each employee’s role: meaning if employees feel their skills are being fully utilised in their
at work is critical to engagement and satisfaction, so role, they are more likely to feel valued by their employer.
Kelly Global Workforce Index™ 11
12. This ebook is extracted out of the report Acquisition
and Retention in the War for Talent.
Download your
FREE copy today.
About the Author
With over 30 years of experience in the recruitment industry, DHIRENdra shantilal oversees the entire
operations of Kelly Services for Asia Pacific across 12 countries and territories – Australia, China, Hong Kong,
India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea and Thailand. Previously
a co-founder of Business Trends, he led the strategic integration of Business Trends with Kelly Services in the
year 2000. Dhiren holds an MBA from the University of Durham (UK) and a Diploma in Marketing awarded by
the Chartered Institute of Marketing (CIM).
Methodology
The Kelly Global Workforce Index was open to respondents around the globe and took the form of a questionnaire on the Kelly
Services website. Data was collated and analyzed by RDA Group. A number of questions have remained consistent over the course
of the survey and allow time-series analysis.
About Kelly
Kelly Services, Inc. (NASDAQ: KELYA, KELYB) is a leader in providing workforce solutions. Kelly® offers a comprehensive array of
outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis. Serving
clients around the globe, Kelly provides employment to more than 550,000 employees annually. Revenue in 2011 was $5.6 billion.
Visit www.kellyservices.com and connect with us on Facebook, LinkedIn, & Twitter.
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Kelly Global Workforce Index™