What is your employee development strategy to retain talent?

Around the world, organisations in South-East Asia continue to feel the impact of the Talent Crunch as employees seek better career opportunities that align with their priorities in life.

To attract and retain the best talent in a constantly evolving world of work, HR leaders need to recognize that having the opportunity to learn and develop new skills and capabilities is now the top reason why most people join an organisation, and the reason they will stay.

Discussing career progressions should be increasingly part of the hiring process, ensuring all candidates are aware of their opportunities for growth and development should they join, and being open about the approach to internal mobility.

Besides helping to foster more engaged and motivated workers, an effective employee development strategy provides opportunities for employees to learn new skills and improve existing ones, and to perform at a higher level.

Besides remuneration, employees are now driven by factors such as company culture, work-life balance, flexibility, and progression opportunities. Forward-thinking companies, are turning to non-monetary measures such as enhanced employee engagement, flexible working arrangements, training and upskilling to prepare the company pillars for tomorrow.

Lastly, employee development should be amplified through timely, specific, and actionable feedback that includes space for self and coached reflection. Research shows that reflection is most effective when it involves others, which allows for collaboration, changes, and determining news ways of working.