The Employee Retention Guide 2022 - How to attract and retain your best talent - Mentemia
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“People are speaking up more than ever before about the importance of mental wellbeing in the workplace. There is a generation who want balance in their life and wellbeing to be a priority for their employers, or quite literally, they’ll be out the door to somewhere that does.” Dr. Fiona Crichton, VP and Clinical Lead at Groov 1
A competitive labour market and rising levels of burnout. The perfect storm? Contents It’s getting trickier for employers to attract and retain the best talent, thanks to an increasingly competitive labour market coupled with Groov’s research (4-6) rising levels of burn out. Moving in the right direction (7) Finding it hard to retain talent right now? Research from Groov shows that one in three workers in New Zealand and Australia consider What you can do now (8) quitting their job weekly, while 36% consider quitting most days. About Groov (9) On top of that, one in five workers don’t feel their employer supports Embedding programme (10) their wellbeing and only 6% feel supported at work. How to get started (11) Globally, we are in our third year of the Covid-19 pandemic, with issues of climate change, conflict, and potential economic uncertaintyuncertainity in the near future. It’s not surprising that people are feeling it, because we all are. People want to be part of workplaces that care, where they see wellbeing modelled, feel valued, and can be themselves. If you want to keep your people and attract the best talent, you need to create a culture of wellbeing. 3
Groov’s research The findings Over a third (37%) of workers think about leaving their workplace at least once a week. With talent retention top of mind for business leaders amind an on- going critical skills shortage in Australia and New Zealand, research An astonishing 36% from workplace wellbeing platform Groov (formerly Mentemia) has revealed a worrying trend among workers. noted that they thought about One in five (20%) state that they do not feel that their employer supports their quitting most days. overall wellbeing. The research, conducted in early March 2022, surveyed over 1,240 Australians and New Zealanders, to reveal a startling link between But, there’s good news about the loyalty of wellbeing support at work and employee retention. those who do feel supported at work. This figure drops to just 6% for respondents who do feel supported Of those feeling unsupported, almost three at work. This points to a concerning gap in business focus, that is driving employees to reconsider how they valued they are in their in five (55%) had considered leaving the current employment. company at least several times a week. 4 5
Groov’s research Groov’s research Thought leadership The statistics Adam Clark, Co-founder and CEO of Groov, How often do you think about leaving your current place of work? says the pandemic of the last two plus years, coupled with the ongoing growth in millennials and younger people in workplaces, hase seen a reprioritsation for Respondents who agreed that their workplace employees. supports their wellbeing “Money is an important factor, but what Respondents who disagreed that their workplace we now know is that people want to feel supports their wellbeing valued, care for, and treated with dignity. If workplaces don’t provide this, then they are losing people, and it is the top % performers and high potentials that 40 leave first.” 30 “The link is clear, if you take the time to properly bake wellbeing into the workplace, the current 20 issues around talent retention, recruitment, stress, and burnout will hugely decrease or disappear.” States Sir John Kirwan, Co-founder of the 10 workplace wellbeing platform Groov and globally recognised mental health advocate. “Because if you’re taking the time to show your 0 people you care about them and value them, it most days A few Once a A few Once a N/A times a week times a month or makes all the difference in this current climate.” week month less 6 7
Moving in the right Dave Wilson, VP of Global IoT Sales at Cisco direction sees his teams high performance, consistent growth, low attrition rate, and high results as directly linked to the commitment they made to looking after their people’s wellbeing, The workplaces getting it right. developing people, and making them feel valued. Leading workplaces across Australia and New Zealand, including “Business used to talk about wellbeing Fletchers Building and Kiwibank, are seeing significant improvements impacting performance and were pretty sure with employee data for “my workplace cares about my wellbeing” that results would follow. Well, we’re on the improving in Groov’s Workplace Temperature Check survey. This is other side of that journey and I can say that coupled with up to 20% increases* in individual wellbeing under the the results did follow. Six Pillars of Wellbeing, which underpins the approach by Groov. Groov enables us to look after and support our Specifically, after engaging with Groov in the workplace, there was people’s wellbeing, and create an environment also a large increase in employees who said they congratulated for them to be brave and be themselves. That’s themselves when they did something well, found it easier to focus on when you get true innovation.” the present moment, and learned new things often or everyday. Groov Co-founder and CEO Adam Clark adds: “What have we found is the biggest predictor of improvement? Leaders leading by example, being vulnerable, creating a place where their people can be themselves and be at their best.” “It is really exciting for us to see leading executives recognising wellbeing as something that is not only important, but is being approached with urgency. A culture that provides for great wellbeing is the successful organisational culture of the future. The best people, *Groov customer Kiwibank saw a shift of 40% to 70% following the Embed programme. finding their Groov.” On average, we see a shift of 62.5% to 75%. 8 9
What you can do now Start baking wellbeing into your workplace today. Here’s how. 5) Optimise the work environment: Everyone has a role to play in the workplace when it comes to wellbeing. From senior leaders to employees, wellbeing should 1) Show genuine care for your people become a normal, accepted and practised part of the everyday life in your organisation. To make your workplace wellbeing programme as success, you and your leaders need to show genuine care and be 100% behind any wellbeing initiatives. 6) Lift your leaders: Ensure your leaders understand how to lead with a wellbeing lens, the 2) Lead with wellbeing and show vulnerabitlity science behind it, and why it’s the right thing to do, for the business and for your people. Your people look to you. Practise what you preach and lead by example. Being vulnerable helps to create an environment where people feel safe to share and be themselves. 7) Empower the individuals: Your people need the tools to know what helps them thrive, and stay 3) Make your people feel valued: there. Or as we like to say, find their Groov. Lift the mental health literacy of your whole business and give people the wellbeing tools Celebrate milestones, recognise the good, reward results and make and resources they need to succeed. your people feel that theirthere efforts are seen. Show them that you seefeel them for who they are. 8) Measure, track and understand 4) Treat everyone with dignity and respect: workplace wellbeing: Listen and take into consideration feedback from your people, Make decisions backed by data and insights, so you know your including on workplace wellbeing. Make them feel heard and actions are going to make a difference. To get workplace wellbeing include them in creating a wellbeing-first culture. right, an organisation needs to truly understand what’s happening at all levels. 10 11
About Groov And Groov gets results. A survey of people using the Groov app* (just one part of the How our workplace wellbeing Embed programme!) found that: programme works. 88% of active users report they have learnt What we do: We help your workplace, new tools & techniques to look after their leaders, and people find their Groov. mental wellbeing. How we do it: Our Embed programme and 74% of active users report being better able tailored solutions are designed to tackle to manage their stress levels. organisational wellbeing, leadership wellbeing, and individual wellbeing. 75% of active users report Groov has helped their mental wellbeing to a moderate, large or very large extent. “So many staff have reached out to me to say thank you for giving them a tool they can use to look after themselves.” -Sophie Luekis, Executive General Manager of People & Culture at RACS 12 13
It has six key elements that are tailored to each workplace, to create a blueprint for change and make it stick. Playbook Our step-by-step guide to embedding a culture of wellbeing in your workplace. Modules Interactive online content for your people to learn about wellbeing and be inspired to take action. Embed programme Hub Understand and take action on key workplace wellbeing insights. How Groov deeply embeds a Ritual Builder: culture of wellbeing. A simple way to introduce small wellbeing habits across the business for lasting change. Wellbeing Campaigns Embed is not just for the HR lead or the Expert advice, events, and inspiration, delivered year-round, acting as an ‘always on’ wellbeing voice wellbeing manager; everybody has a role to for your workplace. play. Moving to a culture of wellbeing is hard, App so Embed attacks it from many angles. The go-to place for personalised wellbeing, where people can find and stay in their own, unique Groov. 14 15
How to get started “Groov has been the catalyst for vulnerable conversations, increased wellbeing support and Ready to create a culture of wellbeing? We continued collaboration in our business, and we feel it would love to help you do just that. has had a significant positive impact on our people.” – Rita Slogrove, Fletcher Building Australia’s Learning and Organisational Development Manager. Go to groovnow.com to get more information or book a demo with our team today. Can’t wait? Call +61 2 8310 6320 now. Met Groov at the Workplace Wellbeing Festival 2022? Attend a demo before Friday You’ll be in good 15th July and your first THREE months are company... on us. Terms and conditions apply. 16 17
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