As we enter the last quarter of 2023, there's a palpable sense of change in the air. Projects are picking up again, and HR is not only reflecting on the past year but actively planning for 2024.
Discussions about retention, pay transparency, ESG, and sustainable, inclusive workplaces are on, so let's jump right in!
Retention reality check: What makes employees stay or leave your organization?
Feeling the heat in the race for talent? You’re not alone. It’s clear that holding onto skilled employees has become a top priority on the HR agenda. And rightly so: replacing an employee can cost about 33% of their annual salary1.
Understanding what makes your employees stay is the first step towards effective retention. We offer an additional analysis that gives you insights into what influences retention and provides clear actions.
Also, one of our People Strategy Consultants will give you context, advice, and practical tips to improve employee retention specifically to your organization.
Don't wait for exit interviews to discover why your employees are leaving. Keep them on board!
Contact your Customer Success Manager to learn more.
Let's talk about DEI: Is your workplace truly embracing Diversity, Equity, and Inclusion?
Diversity, Equity, and Inclusion (DEI) isn't just a fleeting trend but rather a movement towards more humane and fair work environments, growing stronger every day. But DEI also plays a major role in attracting and retaining employees:
76% of job seekers, predominantly Millennials and Gen Z, prioritize a diverse workforce when evaluating companies and job offers2.
Diverse teams are 25% more likely to outperform their peers3.
Companies with inclusive cultures and diverse staff backgrounds have shown a substantial rise in profits, with diverse businesses witnessing 2.3 times higher profits peremployee4.
The statistics highlight the urgency; yet many organizations still struggle to identify their starting point and prioritize DE&I goals5. With the Effectory DEI Scan you get data-driven insights and practical strategies, fueled by your employees' feedback. It serves as both a starting point and an ongoing progress measure, guiding you through DEI complexities.
We made our way to Zukunft Personal in Cologne – one of Europe's influential HR gatherings, with over 85,000 visitors to date. Over the span of three days, we talked about everything from AI in HR to sustainability, new EU legislations, and more.
And in true Effectory style, we didn't just show up; we engaged, we listened, and we contributed:
🐝 Our booth was a hive of meaningful discussions, drawing in hundreds of attendees.
🎤 Our panel zoomed in on sustainability and the critical importance of ESG criteria, topics that are front and center in today's HR world.
📊 As feedback experts, listening is in our DNA. We ran a live survey with over 250 participants, offering us valuable insights on emerging HR trends.
🎇Our exclusive community event featured an insightful keynote from Olympic swimmer Michael Gross. His talk on "The Pleasure of Losing Power – Leadership in the Digital Age" guided the conversation for the rest of the evening.
Curious to know more? Dive into our full recap and watch the highlights video.
🔎 Updates from My Effectory
Results dashboard just got better!
Based on your invaluable feedback, our results dashboard—the hub of your survey analysis—is even more user-friendly:
✅Quick export fromAction Planner: Now you can export your actions directly from the Action Planner tab to download an Excel sheet featuring all pinned items and relevant actions. It's a hassle-free way to share information with your key stakeholders.
✅ Streamlined overview page: Instantly see insights on retention, well-being, and workload. This quick view helps you identify immediate action points on these topics. (Note: These topics will only appear if included in your questionnaire.)
✅ In-depth excel export: We've added an extra tab to our Excel export feature, providing a detailed analysis of responses on a 3-point scale. This gives you richer survey data for better decision-making.
Podcast: Uncover the reality of your DEI initiatives
Diversity is gaining spotlight not just in the media but also within organizations. Yet, does this spotlight translate to genuine inclusion? Our recent episode explores this with Simon Doak, DEI Education Manager at PVH, and Sandhya Subbammal, People Strategy Consultant at Effectory, shedding light on creating a truly inclusive environment.
This iconic Dutch brand recently undertook a challenging but inspiring journey to change its 130-year-old company culture. With a little help from our employee engagement tools, Verstegen Spices & Sauces embarked on an empowering transformation journey.
