• Friday, March 01, 2024
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Japa wave: Philips Consulting provides insights on employee retention

Japa wave: Philips Consulting provides insights on employee retention

Phillips Consulting Limited (pcl.) has charged organizations to develop strategies for talent retention and to enhance talent experience, especially in this period of talent migration and skill gaps.

The foremost consulting firm, according to statement made this disclosure at the 2023 edition of the HR Directors Network (HRDN) quarterly Meetup.

The event centered on the critical theme of Reimagining Talent Experience and Retention and it featured top executives engaging in insightful discussions and presenting innovative solutions to navigate Nigeria’s fiercely competitive war for talent.

At the event, the speakers delivered valuable insights on how companies can enhance their talent experience, boost employee retention rates, and foster a culture of inclusivity. With the ever-increasing challenges of talent migration, employee expectations, remote work, and skill gaps, companies must approach these issues with creativity and innovation.

In line with the theme of the event, pcl. released a comprehensive report titled ‘Talent Management, A New World Order: Shifting Paradigms’. With a focus on the brain drain, this report, according to the statement is the outcome of extensive research and data analysis conducted by pcl., with data inputs from their partners, Cambridge University (UK) and YouGov.

The report aims to equip organizations with the necessary tools to reimagine talent management and enhance employee and stakeholder outcomes.

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“This comprehensive report delves into the root causes of the exodus of skilled professionals from Nigeria and its adverse impact on the public and private sectors. Moreover, the report proposes pragmatic suggestions and remedies to tackle this pressing concern”.

Rob Taiwo, managing director of pcl. emphasized that “Talent goes where talent wants, and employees have the freedom to choose where they work”.

He further stated, “In an employee market, companies must offer attractive value propositions that meet the needs of their employees, such as improved compensation, remote work options, and psychologically safe work environments. If companies fail to priorities employee well-being and job satisfaction, they risk losing top talent to organizations that do.”

Olawanle Morenikeji, an operations strategist at pcl Talent management actions, said that new actions in managing talents must speak to dynamism, the promotion of belongingness, inclusion, empathy, guts, constant and consistent communication and motivations. Any conceptualization that falls short of actions on the above is destined for failure in the new world of work”

Paul Ayim, Partner for People Transformation, pcl. According to the statement said that “Creating an environment where your employees can learn, understand purpose, collaborate, and are empowered leads to a positive experience and high engagement. Digital Learning has over the years served as a platform for democratizing the knowledge required to turbocharge performance and embed consistent culture, and organizations that reimagine and refocus their talent experience in this way will outcompete peers in their industry.”

The HRDN Meetup hosted by pcl. was a great success and provided valuable insights into the key imperatives to stem brain drain in the industry.