In business, our talent is our greatest commodity. This is especially true today, in the aftershocks of the pandemic. Across the nation, engaged and empowered workers are expecting higher pay, more flexibility and more understanding from employers about mental health and childcare needs. Concurrently, business leaders face significant challenges. Based on a recent survey by McKinsey & Company, nine out of 10 executives and managers face gaps in talent today. What does all of this mean for employers? It means we must work even harder to retain and cultivate our talent to drive business success.
At Moore, cultivating talent is a top business priority, and our talent retention stats prove that our employees feel valued and rewarded. In an industry where the standard for employee retention is 20%, our firm boasts a 92% employee retention rate, with 24% of the team celebrating a 10+ year career at Moore. This is no accident: At Moore, we have worked hard to create a culture that places the greatest emphasis on team communications, recognition, and listening to feedback as we evolve our services and engagement with client partners. One of our Moore Mantras is, “If you build it, they will stay.”
Here are five insights we have gleaned that you may find helpful in your own talent development.