BALANCE AT WORK BLOG

It’s not all about the money

The recently released Hay Group Australian Salary Movement Index report has some interesting things to say about the basics of finding good staff – and keeping them:

The research reveals that organisations wishing to have higher engagement among employees and lower turnover should focus on getting these five fundamentals right.

1. Confidence – in the organisation and its leadership, providing clear direction ‐ line of sight ‐ and
support

2. Development – ensuring clear pathways for career development and progression are in place and communicated

3. Selection – ensure you are selecting the right people for the right job in order to maximise employee contribution and minimise turnover costs

4. Reward – fair (internal and external) recognition of both monetary and non‐monetary methods,
ensuring it’s a good fit for the organisation

5. Enabling employees – giving people what they need to do a good job, and an environment that is
positive and one that fosters innovation and creativity

How do you apply these basics in your organisation?

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