Talent Retention Consulting: Keep Top Talent with Proven Strategies

CONSULTING

Talent Retention

The fight to keep talent

Losing your top talent?

Cost of replacing employees can be as high as

of their annual salary

0 %

Many firms have experienced increasing difficulty retaining top talent due to heightened competition for in-demand skills and employees’ increasing expectations. Given the high costs of turnover, this is extremely detrimental to your firm’s growth and success.

So, what does it take to retain top talent?

Clearly-articulated Competency Framework

Enable employees to reach their full potential faster by identifying training needs for them to embark on a more targeted L&D programme, all with the help of a competency framework.

of employees don’t know what their employers expect of them, resulting in slower professional development

0 %

Clear Path for Career Progression

Improve employee motivation and tenure by allowing planning of career trajectory within the organization, through a clear career progression path

Only

of employees are happy with career advancement opportunities

0 %

Competitive Compensation & Benefits

Improve attractiveness and employee satisfaction by customizing salaries, incentives and benefits according to your team’s needs.

of employees are dissatisfied with their benefit schemes

0 %

Structured Performance Management

Develop a structured performance management process that is fair and transparent without over-burdening managers.

About

of workers would consider leaving their jobs if they receive inadequate performance feedback

0 %

Enhanced Communication & Engagement

Build a high performing team that works collaboratively through enhanced communication and engagement.

Employees are

more engaged, when they have managers who regularly communicate with them

0 x

In summary...

Successful organizations recognize the importance of employee retention. Not only does it reduce the costs of turnover, increase employee satisfaction and performance, but it also builds a stronger and more appealing employer brand.

" TalentKraft applied their significant expertise and experience to a really thorny problem for us. With their advice and insights, we've made considerable progress to defining a robust, sustainable career pathway to our engineering team, and built a template that will serve the rest of the organisation as we continue to grow. "

" Defining the right career pathways for engineering teams is a real challenge for a rapidly growing organisation like Simprints. Identifying the different but complementary skills that engineers need as they progress as individual contributors or managers is not at all easy, and TalentKraft nailed it. "

" TalentKraft were excellent, thoughtful partners. They managed to combine their strong understanding of best practices from across a range of industries with the specifics of our organisation and needs. I thoroughly enjoyed working with Eugene and the team. "

" TalentKraft impressed me with their thoroughness in understanding our problem. Not only did they interview a selection of employees from across the organisation, but they also combed through an impressively broad set of materials, including performance evaluations, promotion packs, role charters, and OKRs. Their work has given us a solid foundation for our path ahead. "

CONSULTING