The rapid changes in the modern labor market environment due to the continuous development of technology, the effects of the pandemic as well as the inclusion of younger generations in the workplace have an impact on the demands and needs of employees. Today's labor market landscape has shown employers the importance of a well-known principle that people want to work where they are paid fairly, where they are developed and where they are valued. Despite efforts to recruit with innovative advertising, various candidate outreach events and richer compensation packages, it has become clear that the solution to the aforementioned challenge is retention and engagement of existing staff.
Observing the trends of the times we are going through, it is easy for everyone to understand that employees want, in addition to the correct and valid payment of their wages, to have opportunities that will give them new skills and the possibility to develop both professionally and on a personal level. Continuous education and training of staff, encouragement to participate in lifelong learning programs are ways to develop new knowledge and skills. Additionally, working in an environment that cares about the safety and health of its people and society at large, is an important factor in staff engagement and retention.
It is observed that employers that have a strong presence in CSR and actively contribute to the environment and society, tend to be high in the preferences of individuals, while at the same time creating a feeling of pride for the employees themselves. It has also been shown that one of the best ways to increase work engagement is to support staff in aspects of their 'outside work' lives. Work-life balance is seen as important, especially for younger professionals.
Ultimately, creating and maintaining a culture in an Organization where people feel empowered to share their concerns and worries can only bring benefits to the engagement of its people. Fully understanding today's facts, each Organization needs to strengthen any efforts made to achieve a high level of commitment from the staff, with the ultimate goal of retaining its members, but above all, the feeling of work for all the staff in a friendly and fair place for each employee.
Marios Antoniou
Human Resources Manager
