Welcome to this edition of The OE.
There’s a Big Shuffle happening in the marketplace… According to global research:
“41 percent of the global workforce is likely to consider leaving their current employer within the next year, with 46 percent planning to make a major pivot or career transition”. (1)
Prolonged periods of remote work have led to many people feeling less connected to their employer and so for some, the idea of a fresh start is far more exciting than the prospect of striving to rebuild relationships and grapple with all the new working arrangements.
So not only are leaders trying to navigate what Hybrid means for their organisation, but they are also faced with the challenge of potentially high numbers of staff leaving or feeling disengaged over the next six months. A passive ‘let’s wait and see’ approach is not going to work. We believe that now is a good time to rethink the Employee Value Proposition (EVP) and those who understand the psychology that underpins why people work and stay motivated in their role will have the competitive edge.
In this edition of The OE we explore the role of the EVP in attraction, engagement and retention. We predict the attributes you may need to recruit (or develop?) and explain how understanding the psychological contract can help you build more powerful retention strategies. The 9-5 in the office is officially a thing of the past, so let’s get creative and rethink job designs around new notions of time and place.
In this edition of The OE we explore the role of the EVP in attraction, engagement and retention.
As always, we welcome your feedback so do let us know what you think!