Research carried out by Mercer’s 2011 What’s Working™ Survey of nearly 30,000 workers measuring employee satisfaction and commitment showed that in 17 markets across all global regions, between one quarter and one half of employees are seriously considering leaving their organizations. With this in mind, they have launched an initiative to help organizations understand and address their most pressing issues and concerns. Entitled ‘Inside Employers' Minds: Confronting Critical Workforce Challenges’, the drive will provide resources and solutions in three areas:
Taking pension risk off the table–to better manage risks related to growing pension liabilities and the potential impact on corporate financial performance
Making smart benefit choices–to enable employees to make better choices as they take greater accountability for retirement and health benefit decisions
Building world-class talent–to find new ways to build agile, world-class workforces that are ready and able to respond to evolving business needs and new opportunities
The need to confront these workforce challenges comes at a critical stage when employers worldwide are having to confront a constantly changing and complex economy while simultaneously dealing with a workforce that is increasingly disengaged.
Brenda Wilson, Asia Pacific Talent Management Leader at Mercer commented, “The implications of these issues are immense for organizations in both emerging and mature markets, especially in a global economy that remains complex, diverse and somewhat volatile. 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 provide insights into how to address and capitalize on related opportunities.”