1. Excellent compensation and benefits
Current and future staff, need to be incentivised more than ever. Employees expect above-average compensation and benefits package. Money is King in a market where jobs are abundant and skills in high demand.
We see an increase in requests coming from our clients for salary and job market data. This interest shows that HR leaders are aware of their current challenges and want to know who the movers and shakers are in the ever-changing IT sector.
2. Good work-life balance
Employees want to balance work with the other activities they feel that are important in their life. Especially the millennial workforce finds a good work balance essential as they are filling their days with diverse activities, both offline and online.
3. Challenging work
Excellent leadership is key as they provide career development and challenge their employees intellectually. Leaders have to understand the different factors that influence each individual’s workday. Once these factors are understood, employees can be challenged without putting unnecessary stress on anyone.
A new hope
Employers that can retain their talent have ongoing conversations with their employees about what motivates and drives them. The organisations that know how their remuneration package is positioned in the market and provide challenging work will be best in class to attract and retain talent long term.
A candidate’s market is a great one. It forces organisations to evolve. It drives to be more competitive, which in return pushes changes across the board. It improves employee satisfaction and results in higher productivity and pride in their work. In the end, when the employees are happy, everyone wins.
Also read: Work-life balance across and beyond generations