Increasingly, in the fast-paced, competitive talent market, companies are realising that ‘retention is the new recruitment.’ With the demand for top talent outpacing supply, potential hires and existing employees have higher expectations from their employers. Consequently, organisations must address high turnover rates and recruitment challenges. However, this predicament presents a unique opportunity to re-evaluate and invest in retention strategies that create a magnetic organisational culture, nurture the best talent, and future-proof the workforce.
Diversity, Equity, and Inclusion (DEI) have transcended the realm of ethical discourse and established themselves as crucial components of successful business strategies for organisations worldwide. A recent survey, commissioned by Monica Motivates and conducted by OnePoll, underscores the shifting landscape. The survey demonstrated a significant appreciation among HR leaders in the UK and the US for DEI initiatives within their business strategies.
Top talent refers to employees who showcase exceptional performance, adaptability, and leadership abilities. They are the backbone of any organisation and play a crucial role in driving its growth and success. Identifying top talent within the organisation enables leaders to capitalise on their skills and set up the organisation for long-term success.
In the context of global mobility (employee relocation), prioritising the employee experience is not merely altruistic; it is a strategic imperative. An engaged employee produces higher-quality work, stays with the company longer, and amplifies the organisation’s brand. In order to enhance employee experience in global mobility, companies need to implement effective strategies, leverage technology to streamline processes, and provide support to their employees throughout their international assignments. By doing so, companies can ensure their employees not only have a positive experience but also can adapt and thrive in their new environment.
In the current dynamic marketplace, organisations are consistently exploring methods to attract and retain top-tier talent. One effective strategy that has demonstrated its worth is global mobility. Global mobility strategies give businesses a powerful tool for retaining top talent while also generating new opportunities for growth and development. In this blog post, we will examine the link between global mobility and talent retention, highlighting the benefits it offers to businesses and their workforce.