Creating an Irresistible Employee Value Proposition to Improve Engagement and Retention FAHR | 28 April 2015 David Jones, Managing Director The Talent Enterprise [email protected] Agenda 1 A Complex and Unique Labour Market 2 Employer Branding Simplified 3 What Engages and Retains Your Employees? 4 How Do We Measure Success of Our Nationalisation Efforts? 5 Using Talent Analytics to Build Your Employer Brand: Case Study 2 About Us We Operate in a Unique & Complex Labour Market: Limited Window of Opportunity Worldwide, young people are three times more likely than their parents to be out of work and the MENA region has the highest average levels of youth unemployment. Only 22% of young nationals believe their country’s education system helped prepare them (or is preparing them) to find a job. Only 29% of GCC employers feel that education prepares students with necessary technical skills. Engagement levels in the GCC are alarmingly low at 49% with those between 25 – 34 years reporting the lowest at 40%. Our youngest employees are facing an early-mid career crisis. UAE 2010 Median Age: 26 UAE 2050 Median Age: 49! Preferred Sources for Exploring Job Opportunities An increasing number of students are finding job opportunities through the internet, emphasising the need for higher focus on marketing your employer brands through well defined, authentic and credible employment experiences offered. GCC National StudentsA GCC Expat StudentsB UK StudentsC Searching online / job portals etc. 25% 14% 31%B Via your friends, family and personal contacts 20% 30%C 12% Through securing part-time work, internships or apprenticeships first 15% 23% 16% I don't know yet 15% 8% 19%B Government agencies 11%C 3% 2% Your school / college student placement cell 9% 14% 12% Recruitment consultants / talking directly with prospective employers 5% 7% 6% Alphabets denote two-sided tests with significance level for all pairwise 1%0.05. Tests are adjusted 3% AdvertisementsRed / newspapers comparisons within a row of each innermost subtable using the Bonferroni correction. 2% Continued Preference for Public Sector GCC National StudentsA GCC Expat StudentsB UK StudentsC Work with the government 39%BC 5% 4% Study further 35%B 19% 62%AB Work with private sector employers 7% 19%AC 4% Get a paid internship or apprenticeship 6% 26%AC 12% Start my own business/ join family owned business 6% 18%AC 5% I don't know yet 6% 7% 9% Our research findings in the region show that 49% of GCC National students surveyed would continue to stay in the region and explore work opportunities and close to 35% would be keen to explore opportunities elsewhere outside the country. Red Alphabets denote two-sided tests with significance level 0.05. Tests are adjusted for all pairwise comparisons within a row of each innermost subtable using the Bonferroni correction. Employer Branding Simplified EMPOWERMENT COMPANY CONNECTION RESPECT MEANING & PURPOSE Emotional VALUES & CULTURE TRUST Rational OPPORTUNITIES FOR LEARNING PAY & BENEFITS CAREER GROWTH ROLES & RESPONSIBILITIES * 1. Simple / Jargon-Free 4. Help the Right Talent Select Themselves (and Others Deselect) 2. Genuine / Authentic 5. Unique to Your Culture 3. Set Realistic Expectations 6. A Shared View 7 What Are Our National Talent Looking For? What is more important… Gaining a career enhancing experience 71% Attractive overall compensation package 29% 0% 20% 40% 60% 80% 100% Prefer to work for an organisation which… Contributes to the overall good of the country 63% Offers higher opportunities to learn & develop 37% 0% 20% 40% 60% 80% 100% 8 Key Aspects that Impact Engagement & Retention in the GCC Organisational Factors that Positively Impact Engagement Organisational Factors that may Cause Engagement Levels to Fall Further Measure & Improve Measure & Sustain Confidence in Leadership Career Growth Learning and Development Being Recognised and Valued Managerial Effectiveness Pay & Benefits Supportive Work Culture Positive Relationships Sense of Accomplishment Meaning at Work Fairness and Equity Level of Trust Physical Work Environment Personal Individual Characteristics and Strengths that Impact Engagement (According to our research, these personal factors predict approx. 30% variance in engagement. Measure & Improve Intrinsic Motivation Drive Grit & Determination Resilience Accountability Optimism Flexibility Growth Mindset 9 The Talent Enterprise’s Nationalisation Index Presence • Desired Retention • Limited Absence Productivity Nationalisation Index (5Ps) Positivity Progress • Performance • Confidence and Resilience • Personal Engagement • Organisational Engagement • Well-being • Learning and Development • Job Movement • Openness to Change • Senior Manager Visibility Positive Role• Links to Education Modelling • Organisational Pride 10 Our Approach Towards Employer Branding The Talent Enterprise’s Approach to Employer Branding 11 Using Talent Analytics & Top Talent Profiling to Build The Employer Brand A prominent organisation with over 35,000+ employees. Keen to finalise a longer-term, more sustainable nationalisation strategy. Key concern was to hire the ‘right’ talent in the ‘right’ jobs – high potential nationals. Wanted to understand what works in their culture. Employer branding was a core part of a larger project on strategic workforce planning, recruitment and design of graduate programs, talent and succession etc. All Rights Reserved The Talent Enterprise 12 Using Predictive Talent Analytics We Found the Following for Hi-Po’s Characteristics of High Performers / High Potential Employees Take Responsibility Find it Engaging to Work in a Dynamic Environment Driven and Determined Flexible Creative Technically Sound Be Open to Working in Other Countries and Environments HIGH PERFORMERS / HIGH POTENTIAL You May not Fit Here if you Prefer the Following Need Constant Guidance to Perform Daily Tasks If You Desire a Highly Stable Work Environment Clearly Defined Processes Purely Monetary Reward Focus A Clear, Well-Defined Career Path: Technology is constantly evolving and so are we! OTHERS Success Story: Qatar Airways 14 Staying in Touch! www.linkedin.com/company/the-talent-enterprise https://www.facebook.com/TheTalentEnterprise https://twitter.com/TTE_Consulting [email protected] Our Book ‘Unlocking The Paradox of Plenty’ available online on www.booksarabia.com and www.amazon.com and in all leading bookstores in the UAE.
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