An emphasis on retaining talent

March 22, 2020

We have seen a notable focus on staff retention, with engaging and retaining existing talent identified as the single biggest priority for HR teams, surpassing talent acquisition. Given the scarcity of talent and the rarity of certain skills (64% of respondents say that “compared with the previous year, it is growing more challenging to attract key talent”), plus the costs associated with high employee turnover, keeping hold of valuable existing staff members, and upskilling them as necessary, is becoming ever more important.

Addressing job-hopping millennials

This emphasis may also reflect the behaviour and preferences of job-hopping millennials, thought to value career and personal development as much as financial rewards, and prepared to move jobs regularly to achieve these. Our findings show that 40% of organisations are strongly focusing on providing staff with opportunities for career progression as a key motivating factor – versus 38% strongly focusing on financial incentives/enhanced benefits; 36% are strongly focused on learning and development, a crucial element of wider career development, given the evolving nature of jobs. Related to this are clear efforts to enhance culture, offer flexibility and enable all staff members to bring their whole selves to work (a high priority for 29% of participants’ organisations): a decisive 84% of global survey respondents agree that achieving diversity of thought within their workforce contributes positively to the bottom line.

Tailoring retention strategies for a multi-generational workforce

With a multi-generational workforce (reported by 60%), retention strategies must be tailored to differing priorities and preferences. However, flexibility, career development and an inclusive culture are likely to be valued by all, including generation Z, which is still to be studied and understood.

Jobs

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HR Coordinator

If you’re someone who enjoys making HR systems work smarter and smoother, this HR Coordinator opportunity could be a great fit. This is a 12-month fixed-term, full-time role based in London, operating on a hybrid model with 2-3 days a week in the Canary Wharf office. You’ll be joining a close-knit HR team of four […]
  • Salary GBP35000 – GBP42000 per annum + plus discretionary bonus
  • Posted Posted 3 hours ago
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Head of Talent Acquisition (Singapore)

Our client, a renowned Singapore-headquartered organization, is recruiting for a Head of Talent Acquisition. The client is looking for an experienced and dynamic Talent Acquisition leader to join the team, and the key focus of the role will be to strategically elevate the Talent Acquisition function and practices. As the organization and HR team continues […]
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  • Posted Posted 15 hours ago
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Head of Leadership Development – FS

We are partnering with a prestigious international financial services organisation, renowned for its high-performance culture & reputation, to appoint an Group Head of Leadership Development. This is a rare and high-impact opportunity to lead the global strategy for leadership and organisational development from one of the firm’s flagship offices in Singapore. Reporting directly to the […]
  • Posted Posted 15 hours ago
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Head of HR APAC – Global law firm

We have been retained by a prestigious international law firm with a strong and highly reputable APAC business, who is looking to appoint a Regional Head of HR (APAC) to lead its HR function across the region. With offices in Singapore, Hong Kong, Korea, Australia, Japan, and SEA, and a regional workforce of over 400+ […]
  • Posted Posted 15 hours ago
  • Hospitality/travel/leisure

HR Director, Hospitality

The Frazer Jones team is thrilled to be partnering with our client in the Hospitality sector, who is now seeking a HR Director to lead the organization’s HR function. This is a permanent, full-time role based in Singapore. In this role, you will ensure that daily HR operations are run smoothly, and you must be […]
  • Salary Up to SGD200000 per annum
  • Posted Posted 15 hours ago
  • FMCG/consumer goods

Regional Head of Learning & Development – FMCG

Frazer Jones is delighted to partner exclusively with a global leader in the FMCG sector to exclusively appoint their Regional Head of Learning & Development. This prominent organisation boasts a global presence and a strong commitment to sustainability and equal opportunities. As the Regional Head of Learning & Development, you will be instrumental in shaping […]
  • Posted Posted 15 hours ago

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