Discussing findings of the group’s bi-annual 2022 Salary and Wage Survey, she said that the pressure on salaries presents a new challenge to employers as they look to retain and attract talent while remaining competitive.
According to the group’s survey, 36.4% of the labour turnover resulted from resignations over the past 12 months. “Resignations continue to be at the highest levels of all the termination categories that we have seen over the past 10 years, despite the pandemic and the economic uncertainty,” said Richter.
Richter said this untenable situation would force employers to reconsider their employee value proposition and retention policies if they are to retain their brightest staff.
However, the survey clearly indicates that 35% of employees are not happy to be back at the office and 28% resist returning to the office model, even if it is a hybrid model. It found that organisational culture and key elements such as improved communication, trust and empowering workers quickly became a prerequisite for employees.