How to Performance Manage an Attitude Problem

This virtual event will discuss the latest developments related to employee retention. Employee retention started becoming a serious problem for many organizations during the recent era often known as the “Great Resignation,” when so many employees voluntarily left their jobs. As a result, many organizations have been scrambling to retain key talent and looking for sustainable ways to increase employee retention. Of course, the issue evolves along with economic and unemployment trends. But even in economic downturns, the retention of key talent can be urgent, especially if more work is being foisted on fewer employees.

The world of work has radically changed over the past couple of years: organisations all over the world have embraced hybrid working, employees are voicing their needs more than ever, and businesses are expected to lead with purpose. HR leaders have shown a huge amount of flexibility and adaptability over that period, with many organisations embracing this approach and enjoying higher levels of productivity and engagement as a result. But now, your employees are at a crossroads. They know a recession is looming and their expectations from their employer are higher than ever. With organisations facing rising costs and having to make decisions about their workforce, HR leaders must take action in order to alleviate any concerns surrounding job security and employee satisfaction, as boosting morale becomes even more crucial during these challenging times.

This virtual event will focus on how compensation and total rewards are undergoing a change in today’s workplace. Total rewards–which is the combination of benefits, compensation and rewards that employees receive from their organizations–has long represented one of the most critical HR functions. Today, it has become especially crucial in attracting and retaining key talent. The pandemic and subsequent trends, including a rise in inflation rates, have caused a marked change in what employees desire and how organizations view total rewards. Not only have many employees sought higher compensation rates in a tight job market, many are also looking for compensation offerings that go beyond paychecks. Personalizing benefits to suit individual needs is often key. Child care benefits, eldercare benefits, flexible work arrangements, wellness programs: these are just a few of the offerings that employees are seeking based on their individual circumstances.