When Low Retention Accompanies High Performance - The Why and The How
Work, as we know it, is changing rapidly. Artificial intelligence, a new generation of customers who want personal and intuitive brand experiences, and increased globalisation – all these factors are making organizations relook at talent management and acquisition. They now want employees who can adapt quickly, are technologically literate, and are people managers. The concern here though is that companies are finding it difficult to retain good talent and high performers. According to a report by IDC and Workday, about 46% of employees in Singapore intend on leaving their jobs within a year. Why Do High Performers Leave? Good performers generally know their worth. They know that they can produce good results and expect appropriate rewards. What then, are some of the factors, that can prompt a high performer to leave an organisation? According to the report by IDC and Workday, the top three reasons for switching jobs in the Asia Pacific region are better to pay/reward (24%), bett...