As globally all the businesses fell prey to the talent shortage issues, there were many different speculations causing this scenario surfaced. According to Nikhil, the initial speculations were mostly around the economic factors and compensations and benefits. However, time revealed that there were much more beyond mere financial factors.
Nikhil noted, “As we've seen during the pandemic, and now, employees really crave engagement in human aspects of work. Employees want the job to have meaning and improved sense of purpose. Employees want to feel like they have a common identity.”
Commenting further on the retention of employees, he ideated that these are the latest factors that employers should consider to retain their employees. It is high time that employers leverage analytical tools for the sake of onboarding and retaining the desired talents. It will further help them to get real-time feedback and the burning issues which are affecting the employees.
According to Nikhil employee value proposition has been playing an important role in hiring and retaining top talent across all the industries. He added, “It gives organisations a competitive advantage in the talent market, while also enhancing engagement, productivity and performance. EVP promotes universal employees to build deep bonds with coworkers organizations and positions, enriching their work experience and raising stakeholder engagement.”
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