Big Business Insights: Can employers still pay for the best talent?
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Big Business Insights
Everyone at the helm of a business, whether a large corporate or a small or medium-sized enterprise, wants to take the right decisions for their businesses to grow and their people to thrive. Join Old Mutual Corporate’s Malusi Ndlovu as he talks to different experts to answer some of the questions you may have and help you to take informed decisions.
S1 EP1: Can employers still pay for the best talent?
Around the world salaries are not keeping up with inflation, leaving HR with a problem: How to attract top talent when you can’t compete on salary. René Richter, Managing Director of Remchannel, believes that many jobseekers and staff members now seek life-work balance and not work-life balance. So, is employee loyalty dead? For more information, visit oldmutual.co.za/corporate
Everyone at the helm of a business, whether a large corporate or a small or medium-sized enterprise, wants to take the right decisions for their businesses to grow and their people to thrive. Join Old Mutual Corporate’s Malusi Ndlovu as he talks to different experts to answer some of the questions you may have and help you to take informed decisions.
S1 EP1: Can employers still pay for the best talent?
Around the world salaries are not keeping up with inflation, leaving HR with a problem: How to attract top talent when you can’t compete on salary. René Richter, Managing Director of Remchannel, believes that many jobseekers and staff members now seek life-work balance and not work-life balance. So, is employee loyalty dead? For more information, visit oldmutual.co.za/corporate
Chapters
- 00:04 Introduction
- 00:25 Meet our guest, René Richter, the MD of Remchannel
- 00:55 Who participates in the Remchannel salary and wage survey? What are the data points?
- 01:42 Anticipated and granted increases are lower than inflation – what is driving this?
- 03:37 Is this a once-off or something that will continue into the future?
- 04:31 Is South Africa experiencing the Great Resignation?
- 05:45 The cost for a company to replace a typical employee
- 06:41 Is employee loyalty dead? How have the past two years impacted HR managers and employers?
- 07:34 The various reasons employees are resigning
- 09:59 The high turnover rates amongst HR professionals
- 12:22 What should HR professionals consider in the next pay cycle?
- 14:51 The role of non-financial remuneration, such as flexibility to work from home
