“Contrary to what many employers believe, the results have shown that personal relationships at work are valued over offering pay increments to employees that may only provide a temporary increase in job satisfaction,” said Foo Mao Gen, head of Southeast Asia at Qualtrics.
3 Key Drivers for Staff Retention
- Confidence in the company’s senior leadership team and a
- Helpful manager in resolving work-related issues
- Opportunity for learning and development
“Companies are now realizing that employees are thirsty for skills.In LinkedIn’s most recent study of corporate learning, the #1 reason an employee would consider leaving their company is an inability to learn and grow. And when asked what information they need to become even more engaged and productive at work, the biggest question these employees have is “what skills does my company need the most (72%)” followed immediately by “skills to become a better leader (70%).” And 64% want skills that will “improve their chances of promotion.”
Accordingly, I prepared a list of inspiring reads as food for thought around these three key drivers. I encourage you to take the extra time during Chinese New Year to read through Josh Bersin’s groundbreaking e-book. It is published by our partner CrossKnowledge: Accelerating Business Growth: Corporate Learning as a Business Strategy.
Teams are complex systems of individuals with different preferences, skills, experiences, perspectives, and habits. The odds of improving that complex system in a meaningful and sustainable way are higher if every team member — including the leader — learns to master these three foundational capabilities: internal self-awareness, external self-awareness, and personal accountability.
Among the highest performing companies in the study, MIT and Deloitte found that 73% of employees in these companies are updating their skills every six months and 44% updating them continuously. In other words, today’s successful companies are those who learn fast, learn well, and learn all the time.
Bonus: The Power of Appreciation
In this humorous and thought-provoking talk at TEDxBellevue, Mike talks about “The Power of Appreciation.” As Mike discusses, there is an important distinction between “recognition” and “appreciation.” Leaders, teams, organizations, and individuals who understand this distinction can have much more impact, meaning, and productivity in their lives and with the people around them. He also discusses important research in the field of positive psychology that exemplifies the importance of appreciation.
We were founded with a vision to improve the world of work for everyone.
Timeo-Performance has been helping companies assess, build and develop teams and talents in APAC since 2008. As Recruitment, Training and Business & HR Performance experts, our priority is to help you grow and succeed. By understanding your culture, organization and objectives, we can deliver outstanding results crafted for you. We strive to bring innovative and integrated solutions and best practices with our selected partners: Akteos (intercultural management), CrossKnowledge (digital learning) and more.
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