What changes should be implemented by organizations to retain Senior Executives?
According to the DDI report from 2021, organizations that provide high-quality development experiences are:
- 1.5x more likely to have high leader engagement and retention
- 2x more likely to be voted as best places to work
What’s more, DDI shows that these skills of leaders mitigate employee burnout:
- empathy (17%)
- coaching and delegation (16%)
- influence (15%)
More data from 2022 (delivered by Monster) tells us that:
1) Top changes that companies are implementing to stay competitive over the next three years are:
- changing roles to be more flexible (37%)
- increasing benefits and perks (35%)
- offering skills trainings & increase in salaries (32%)
2) Increasing salary and wages is a top initiative for these industries:
- leisure / hospitality (39%)
- technology (39%)
- healthcare (41%)
If you want to know more, read our presentation:
Here you can read our previous articles from the series:
