Is your EVP compelling enough to retain your top talent?

The Great Resignation is highly topical amongst all industries at the moment. With research from Microsoft suggesting 40% of the global workforce could leave their job this year. After the pandemic, talent is fatigued, they’re reassessing their values, and many are ready for a change.

The best way to hold on to your employees is to provide them with a compelling employee value proposition that makes them want to stay. After all, talent wants to work with companies that align with their most important values and needs.

Ask yourself, what benefits are you offering relative to your competitors? How are you communicating them? How are you delivering them?

Answer these questions well and boost your resilience to departures this year.

In the Great Resignation, competition for talent will be even fiercer, so rest assured that companies are eyeing your top players.

You need to identify who these people are and protect them. Your top players are those who go over and above in their role.

They drive internal standards, culture and performance. Lose these people, and watch the dominos around them fall. But retain them and safeguard the key pillars of your business through this potentially rocky period.

Two key skills employers will need this year is listening and adaptability. Neither are new business concepts after recent years. Listen to what your staff wants and adapt your retention strategy to accommodate them if feasible.

As rivals dangle enticing offers, use your insights to counter effectively and keep the employees you want. Talent who sees their employer actively working to retain them is far more likely to stay.

An often-overlooked part of the Great Resignation is the potential hiring bonanza that follows. As strained talent pools become suddenly bountiful, the opportunity for recruitment agencies to capitalise internally and externally is extremely exciting.

After a tough period of talent shortages, you need to be prepared, agile and targeted in your recruitment approach to secure the skills you desperately need.

Yes, the Great Resignation is upon us in 2022 with many workers potentially contemplating leaving their employer. However, good people still want to work for good organisations. Good organisations are still those that communicate and deliver a strong EVP, listen to their people and adapt to market forces.

Businesses capable of these things will not only survive the Great Resignation but thrive in the years ahead.