Without talent there is no business. Your people are your greatest asset and it is important to reduce the risk of losing talent. In most organisations the people are the backbone of success. It is your people that will keep your business moving and thriving. Call it creativity, customer service or communication you’ll only find these critical skills in your people, and never in technology or systems.
Businesses often focus on financial risks, but the risks around staff are just as important. Losing your best people is a significant risk. As with any risk, economical, financial or environmental, it is important to identify it, make a plan to mitigate it and action the plan to ensure the risk is minimised.
Inefficient working can be just as damaging to your business as losing staff, so in this blog we’ll outline how you can reduce the risk associated with your people, and turn your workspace into an asset that fully supports your biggest overhead and helps you return on your workplace investment.
Attraction and retention of talent is the main task of any human resources team. When your company culture, workspace and people are aligned you’ll find your business is more successful and ready for significant growth. On the other hand, when people are demotivated and the workspace hinders productivity, you’ll find a multitude of challenges. Losing talent has a significant knock-on effect, from the basic costs of rehiring (which can be up to 20% of the employees annual wage), to the loss of knowledge, damage of co-workers’ confidence and a bad reputation in the marketplace. On top of all this, the loss of people from your team will often mean your competitors are being strengthened.
There are many approaches to retaining talent, however 78% of respondents to the recent Pricewaterhouse Coopers T2 Annual Global CEO survey stated that a more flexible work environment is the best way to retain talent.
Creating a well designed workspace is an easy way to start investing in your people. A workspace that suits the daily needs of your people’s workload will help them be more productive, improve job satisfaction and reduce the risk of them leaving for another job. On top of this, a well designed workspace can help to attract new talented individuals, and work environment will often be a significant deciding factor in someone selecting a new role.
Engage your people in the workspace redesign journey to improve loyalty. Before you begin to redesign your office, it’s crucial to gain an understanding of how your space is being used, enabling you to adopt a new workspace that suits your teams daily tasks and activities, thereby increasing productivity and job efficiency. Our unique research methodology helps you achieve a more successful workspace design scheme, eliminating guesswork and allowing you to create an evidence-based workspace that is suited to your unique requirements.
78% of respondents to the recent Pricewaterhouse Coopers T2 Annual Global CEO survey stated that a more flexible work environment is the best way to retain talent.
Owned and enjoyed.
Adopt a user-centric approach to your workspace. When your people have input into the design and layout, you’ll find them more trusted and engaged as well as creating a layout that suits their needs.
By analysing your daily activities and habits, our unique evidence based design will help you to create a workspace that is ideally suited to the unique people-needs that exist in your company.
When your people are proud of their space, they will talk. Word will soon get around in the marketplace, and your new environment will help to attract and retain talent, and position your team above your competition.
"Environments have to be designed which enable staff to see that the company means what it says. You can’t eat, drink or sit on vision and value statements."
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