Sectors perceived as driven primarily by money will struggle more than others to attract and retain the next generation of talent, meaning they need to get creative about their employee value proposition, according to the managing director of Accenture Strategy.
Employees perform better in organisations that achieve 'workforce culture alignment', according to new research, but only 10 per cent of HR professionals are confident their culture is properly understood. Meanwhile, a new report quantifies the cost of poor staff retention, and a company is introducing a novel program to attract more parents.
Yarra Valley Water now has 97% of staff feeling aligned to the company's purpose and reporting role clarity, while also achieving gender equity at board and executive level and zero time lost to injuries in the last financial year.
An employer with such low attrition it can't rely on resignations to create role openings is finding new ways to "create movement" in lieu of traditional career paths.
The top-ranked company on Australia's best places to work list provides recruitment training to every line manager involved in its hiring, and boasts single-digit attrition rates.
An employer that's currently retaining all its top 100 employees says the key to its revamped retention strategy was simply more effectively leveraging what it already had in place.
Differentiating HR approaches according to the value of roles within an organisation can lead to perceptions of unfairness and increase turnover, new research shows.
A focus on helping staff become better people, rather than better workers, has helped one organisation maintain high engagement levels and performance across the company.
Rigorous recruiting for cultural fit has helped an employer achieve high financial results and customer satisfaction scores, while keeping attrition below 10 per cent.
The Federal Government's consideration of a bounty-style reward for whistleblowers could undermine employers' existing processes, according to a workplace lawyer. Meanwhile, workplace law changes start Saturday, FWO action is improving business compliance, and more.
