Finding the right talent is hard and what’s more challenging is retaining that talent. According to Eremedia, two-thirds of companies will be facing an internal skills shortage in the next three to five years. And only 30% of employees are satisfied with the future career opportunities available within their organizations.
Unless you are engaging this talent by continually investing in development both at the time of on-boarding and throughout their career, they may leave the organization. High employee turnover and rehiring can be a time-consuming and costly process. Employers should try to identify employees’ needs and implement proper strategies to make employees feel valued and engaged enough to want to stay.