After learning about the concerns of worldwide employers in 2012, Mercer has announced the launch of an initiative to help organisations understand and address their most pressing issues. The "Inside Employers' Minds: Confronting Critical Workforce Challenges" initiative will provide resources and solutions in three areas:
· Taking pension risk off the table – Better managing risks related to growing pension liabilities and the potential impact on corporate financial performance,
· Making smart benefit choices – Enabling employees to make better choices as they take greater accountability for retirement and health benefit decisions, and
· Building world-class talent – Finding new ways to build agile, world-class workforces that are ready and able to respond to evolving business needs and new opportunities.
IMAGE: SS“The implications of these issues are immense for organisations in both emerging and mature markets. This is especially true in a global economy that remains complex, diverse, and somewhat volatile,” says Brenda Wilson, Asia-Pacific talent management leader at Mercer. “Those that get it right will be in a position to excel. Those that get it wrong will find their financial performance and competitive position at greater risk.
“The resources and tools we have developed will give employers a better understanding of these issues. It will provide insights into how to address and capitalise on related opportunities,” adds Wilson.
The need to confront these workforce challenges comes at a critical stage. Employers worldwide must confront a constantly changing and complex economy; while simultaneously dealing with a workforce that is increasingly disengaged. This lack of engagement was reflected in Mercer’s 2011 What’s Working survey of nearly 30,000 workers worldwide. It gauged employee attitudes towards various key measures of satisfaction and commitment.
The research showed that in 17 markets across all global regions, between one-quarter and one-half of employees are seriously considering leaving their organisations.
About “Inside Employers’ Minds”
“Inside Employers’ Minds: Confronting Critical Workforce Challenges” features a dedicated Web site which contains many resources focused on addressing each key issue. The initiative will run throughout 2012 with updated insights and additional research relating to the featured key issues.
Copyright © 2012 Singapore Institute of Management