Calling all Innovative Talent Managers

Calling all Innovative Talent Managers

January 29, 2017 | huupe

Two of the most important drivers of growth in modern economies are the development of Human Capital and health. Despite this, less than 14% of companies have successfully implemented employee development and engagement strategies, and even fewer are paying sufficient attention to employee health.

The impact of this under-investment to many companies is profound, resulting in…

   poor employee satisfaction

   low employee retention rates

   inability to attract new talent

   sub-optimal productivity

   slower growth

In 2015, the cost of employee turnover to US companies was $11 billion, and a recent Thomson Reuters Workforce Wellness Index estimated that the annual average cost associated with sub-optimal health was $670 per employee.

So it’s understandable that, for economic reasons alone, businesses are starting to recognize the importance of investing in people and taking specific actions towards helping them grow as professionals, while also encouraging them to live healthier professional lives.

For companies to continue to thrive, traditional approaches to managing and nurturing talent must change at an alarming pace, and they must address each employee’s individual reality. Tailored career management for each employee is the only way to embrace each individuals’ personal ambitions, motivations and wellbeing.

Companies with engaged employees outperform those without by over 200%

Technology, data and science are the key enablers, and can solve the challenge of tailored career management, whilst also providing significant benefits to employers embracing the opportunity. The benefits are immediate and considerable; companies with engaged employees outperform those without by over 200%.

“highly engaged employees are 38% more likely to have above-average productivity”

A recent study from Workplace Research Foundation shows that “highly engaged employees are 38% more likely to have above-average productivity”. With that in mind, it follows that a career management platform to enable the right discussions, at the right time, with the right frequency, will lead to a significant increase in employee engagement.

At huupe, we’re building the first personal and professional development platform, designed to help employees and employers manage and nourish individuals’ careers. We strongly believe Product Management is at the heart of all good businesses, and we’re actively seeking partners who are interested in engaging in a pilot project.

We’re focused on innovative companies, with an ‘early adopter’ approach to talent management. If you manage talent, are a human resources leader, a people strategist, or just believe we can add value to your business, then email or call me for more information and to discuss in more detail.

Share

Category

other

Tags

innovation talentmanagement healthandwellness