The war for talent is getting fiercer by the day and there is a great divide between employer and employee expectations. While picking their employer of choice, the talent today is not just assessing wages and bonuses, but focusing on purpose, the work-life integration, inclusion, and much more.
The 2022 McKinsey report reveals that 66% of the formal workforce in India is at risk of attrition. The three reasons triggering attrition include lack of prospects for upward mobility, inadequate pay, and uncaring or uninspiring leaders. There is an urgent need to build a ‘non-traditional value proposition’ for employees that includes flexibility, mental well-being and health benefits. What is your strategy to attract and retain the best talent for your business?
In this LinkedIn Live, let’s explore innovative ways to re:frame the financial incentive structures for attraction, retention, equity and long-term sustainability.
Ahead of the People Matters Total Rewards and Wellbeing Conference 2022, industry leaders and total reward leaders in a panel discussion will discuss how to compensate, recognise, and appreciate employees across different segments.
Neha Nagpal
neha.nagpal@gopeoplematters.com
9650422363