The loss and replacement of a single employee can cost twice the employee's annual salary.
In the face of the Great Resignation and the aftermath of the pandemic, are you still managing employee turnover, or are you facilitating talent retention?
Today, it's simply not enough to provide people with technology and hope they stay connected, engaged and motivated. In fact, poor technology experience is one reason people switch jobs. Bad employee experience caused by the right technology in the wrong place is also a costly and avoidable endeavor.
The global experiment of letting people work from home led to the realization that much work can be done remotely. Many employees developed a new awareness of their values and the benefits of putting them first, shifting expectations from a "work-life balance" to a "life-work balance." But there are also challenges, such as the risk of burnout, fear of missing out and working off limits, that companies must face as they move forward.
Improving the (digital) employee experience remains an important point on the agenda. Can hybrid work models meet employers’ and employees' expectations regarding work activity, technology and work location? And to what degree should companies rethink work to bring employees back to the office?
If work needs to be rethought, companies must figure out exactly what needs rethinking and how that will help them improve the employee experience and reduce turnover.
Read this ISG white paper To Rethink Work: How Companies Can Embrace Hybrid for new insights on how to set up a successful hybrid work strategy that keeps your employees connected to culture, company and the office.
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