Retention of talent becomes top priority in 2024
Let’s take on 2024 together with a proactive approach
As we step into 2024, an organisational priority has emerged: the retention of talent.
Reports suggest a potential shift in the workforce, with 20% of employees considering a job change this year and an additional 12% contemplating a move within the next two years. This significant potential turnover underscores the need for innovative strategies for the engagement and retention of talent.
Data from Culture Amp, which reflects the sentiments of over 25 million workers worldwide, underscores the urgency. The costs of replacing an employee range from 30% to an astonishing 200% of their annual salary, emphasising the financial and operational imperative of robust DEI and talent retention strategies in today’s evolving workplaces.
Parent and Professional on the Retention of Talent in the workplace
Our mission is focused on helping our clients in building workplaces where every individual feels valued and empowered. We believe that nurturing a culture of inclusive, family-friendly values is vital to attract and retain top talent, driving organisational success in return.
To bring our mission to life, we’re excited to launch a six-part virtual roundtable series, taking place bi-monthly from January to December. Our first event in January focuses on attracting and retaining employees who are becoming parents. We’ll discuss the challenges of navigating the parental transition at work and the benefits of coaching as a supportive tool. Whether you are interested in contributing as a roundtable panel speaker or simply want to listen in, you can find more details about the series here.
In the upcoming roundtable sessions, we’ll also address topics such as support for managers, carers, work-family balance, midlife health, menopause and health and wellbeing. These topics resonate with insights from HR managers to employment law specialists from esphr who have identified mental health and wellbeing, flexible and hybrid working and diversity, equity and inclusion as the most crucial support areas for employees in 2024.
We hope these events provide a platform for you to ask questions and gather invaluable insights, enabling you to cultivate an inclusive, family-friendly workplace throughout 2024 and beyond. We look forward to seeing you there!
Behind the virtual roundtable series
This six-part roundtable series draws its inspiration from Parent and Professional’s services focused on creating inclusive, family-friendly workplaces.
In the United Kingdom, a staggering 13 million working parents and caregivers are an integral part of our workforce. Their daily lives are a delicate balance of professional responsibilities and family commitments. Recognising this reality, it has become paramount for employers to step into a significant role as architects of an inclusive, family-friendly working environment.
Our inspiration emanates from the belief that employers possess the power to cultivate a transformative workplace culture. By implementing tailored supportive programs that address the unique needs of their workforce, fostering a culture that authentically values work-life balance, and acknowledging the diverse needs of individuals, organisations can achieve remarkable outcomes.
Perhaps most importantly, this journey towards an inclusive, family-friendly workplace is a large step towards promoting diversity and inclusion. By addressing the unique challenges faced by all individuals in the workplace, organisations create a more inclusive and empathetic environment, where every individual is valued for their contributions and their unique life circumstances.
Together as HR, DEI, and L&D professionals, let’s embrace this transformative path, shaping workplaces where all employees can thrive. We hope that this webinar series provides invaluable insights to help you shape the future of work in 2024 and beyond.