Personnel management systems to become vital tools as employee turnover is on the rise
Personnel management systems that enable managers and HR departments to thoroughly assess workplace satisfaction levels are likely to become increasingly important over the next few years as workforce churn escalates, according to a global study.
Research published in Willis Towers Watson’s Global Workforce Study shows that a third (32 per cent) of UK employees say they are likely to leave their current employer in the next two years, and rank their salary as the number one motivation to consider leaving.
Tom Hellier, GB Practice Lead, Rewards at Willis Towers Watson, said:
“As churn increases in the labour market, employers need to get savvier about what makes staff tick if they are to succeed in bringing the best people into their workforce and importantly go on to keep them in the business.”
“Putting more money into the salary budget is a difficult task for business leaders in the current economic climate. However, improving perceptions of fairness is still possible if companies are able to articulate how pay decisions are made and demonstrate effective differentiation through better alignment between pay and performance.”
He continued:
“With talent mobility on the rise, employers might benefit from listening more closely to their employees and paying attention to available data on the drivers of attraction and retention.”
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