A new take on talent | Attracting and retaining to protect tomorrow

Attracting and retaining talent is now a top priority for business owners and HR departments. The impact of the COVID-19 pandemic and Brexit on the employment market means attracting quality talent and retaining top performers is a struggle, intensified by COVID-19 and its effects on the workplace.

In fact, with signs pointing toward recovery in many economic sectors, a survey estimates that 1 in 4 workers will look for opportunities with a new employer once the threat of the pandemic has subsided.

Whilst this ‘mass exodus’ impacts certain sectors that have been able to work remotely during the pandemic, other industries are experiencing similar attraction and retention issues for different reasons. Exacerbated by the strained conditions over the last 18 months, the haulage and care sectors, for example, are also facing huge challenges including high employee turnover, a shrinking pool of potential talent, and loss of some of the key performers.
What can be done to tackle attraction and retention today?

The wants and needs of modern employees are vastly different from those of their predecessors. Now, potential employees are concerned with purpose, company culture and benefits in addition to their salary. To remain competitive, organisations must adapt and offer competitive benefits to attract and retain skilled employees. This strategy is not lost on many organisations, with the percentage using benefits to attract talent has risen by nearly 10 per cent in the past two years, according to a recent study from MetLife.