Business research highlights importance of employee development
Melbourne, Australia – (18/07/2012) – The global Business Execution software company, SuccessFactors, an SAP company, has conducted research into employee perspectives on the skills shortage.
Melbourne, Australia – (18/07/2012) – The global Business Execution software company, SuccessFactors, an SAP company, has conducted research into employee perspectives on the skills shortage, highlighting opportunities to develop a highly skilled and motivated workforce.
According to SuccessFactors’ latest research, nearly two thirds of employees are prepared to leave their employer due to a lack of training and recognition of their potential – a startling statistic when you consider the uncertain labour market across Europe.
This suggests that employee development is becoming an increasingly vital weapon in the war for talent, as it helps to improve business performance, retain key employees and also prevents a widening skills gap in a workforce.
A SuccessFactors surveyi found that companies are failing to develop the talent that lies under their own roof: 81% of employees feel they aren’t supported in their role; 83% of employees don’t feel their skills are being fully used, and 58% of the surveyed workforce will leave if you don’t develop them.
Clever businesses are investing in talent management and staff development strategies. A more engaged workforce is a happier and productive workforce, and is less likely to feel the ‘itch’ that makes them an easy target for your competitors. Too many companies are ignoring the dissatisfaction that already exists in their skilled workforce, which could spell disaster as the war for talent heats up.
Despite this it seems that many businesses aren’t blind to the talent shortage: an estimated 46% of HR managers across Europe consider the skills shortage to be their biggest challengeii. So, losing key talent in a time where the availability of some skills is a challenge, presents a huge risk to any business in terms of time, cost and productivity, especially when it could be avoided.
SuccessFactors’ benchmarking test allows business leaders to see how their company compares to other companies. Immediate recommendations on how to improve and where to get guidance on creating a winning talent management strategy are made after completing the test.
Visit http://www.successfactors-skilledworkforce.com/benchmarking.php to take the benchmark test and receive your recommendations.
i ‘The SuccessFactors Employee Perspectives Snapshot 2012’ – Conducted by Vanson Bourne
ii ‘2001 EUSkills Survey of Skills Issues
- Contact Information
- SuccessFactors - Australia
- (61) (61) (2) 9238 6680
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