Human Resource Services Quarterly - July 2015
If the current economic climate shows us one thing, it's that companies around the world are committed to getting the most out of their workforces. If productivity does not rise and costs continue the upward spiral many businesses will inevitably be faced with the sustainability question. This creates an environment where down-sizing and salary freezes becomes the norm.
Of course this means that many workers will become stretched and demoralised and there could be even more at stake.Research shows that higher employee engagement links to improved retention, customer loyalty, revenue, sales and profit. On the flip side highly skilled and key talent in your organisation may start thinking about greener pastures - consider this, one in four high potential employees intends to leave their current employer in the next 12 months.
In this issue of the PwC HR Quarterly we provide some insights into the World of Work. Some of the topics covered are:
- People strategies for the digital age
- Making the case for wellness
- Aligning short term incentives to market
- Containing cost in a downturned economy - the impact on salary increases