Talent Retention Context

Talent Retention & Turnover Rates

Retention of talent is becoming a major concern for companies in asia-pacific. Since 2010 turnover rates have been increasing and varry from 15-30%. Talent Retention is not just a matter of cost, but also the expertise of key talent has become a competitive advantage from knowledge-based organizations.

Talent Turnover Cost

Asia Pacific’s organizations are incurring significant costs due to high turnover rates and short average tenures. Replacing an employee can cost several times their annual salary, due to :

Recruitment Cost
Onboading Cost
Training Cost
Lost Productivity Cost
Lost Morale
Poor Company Reputation

Talent Turnover Cost

Talent Retention & Employee Satisfaction Surveys

Traditional ESI-Surveys have structural shortcomings. Employee Satisfaction Surveys provide insights into the organizational culture, but...

Results do not identify issues with individuals
results do not lead into individual action plans
there is no multiplication of best practices

Common employee surveys are inadequate for development of effective retention strategies.

Employee Surveys

Talent Retention & Engagement

Key Questions for Talent Retention & Development are often unanswered :

Do we truly understand the concerns of our talent ?
How well do you understand the motivation level of individuals in the organization ?
Do you efficiently exchange best practices from one manager to the other - even when managers leave ?
How well do managers really know how they are perceived from their team ?
How well can the organization support the managers in developing talent in their teams ?

Talent Retention

Talent Retention for Senior Staff

Turnover cost are significantly higher for top talent than basic workers. Statistics provide solid data of the massive expenses and inefficiency generated from top talent leaving the organization.

Senior Staff Retention

Our Talent Retention & Development solution is geared to bridge the gaps between the organization and their employees and to increase Talent & Supervisors engagement. The platform supports the individual growth of Employees & Supervisors but also institutionalizes the competences for other teams and generations.

Event Management Solutions