As organizational leaders, I believe it is imperative not only to analyze the current talent trends but begin to anticipate what’s next and prescribe forward-thinking actions today for future anticipated changes. Many organizations get stuck because of a sudden shift or shortages in attracting the best and brightest to join, grow, belong and advance with their firms. Focusing solely on today's landscape can leave organizations vulnerable to being caught off guard by emerging advancements. Therefore, looking ahead and identifying potential shifts will allow us to prepare strategically, ensuring that our workforce remains resilient, adaptable, and poised for success in an ever-evolving market.
One such shift is what Gallup coined, “The Great Detachment”. Gallup just released that the “involvement and enthusiasm associates feel toward their work and workplace is at a 10-year low.” Executive leaders, especially in healthcare, need to take notice of this shift and be ready to take action.
However, it doesn’t have to be this way.
It's evident that adopting certain strategies today can help mitigate tomorrow's organizational challenges. Investing in our associates in various ways, such as through professional coaching, is one such strategy. According to the International Coaching Federation (ICF), "Organizations that integrate coaching as a leadership strategy see measurable increases in associate engagement and organizational performance" (ICF Global Coaching Study, 2020).-----Experience Studies)
According to a study conducted by experience giant, Qualtrics, associates who feel heard at work are more than four times more likely to feel empowered to perform their best work. This significant statistic underscores the importance of fostering a workplace culture where feedback is valued and acted upon. By creating robust feedback loops and nurturing a culture of listening, organizations can significantly enhance associate loyalty and engagement, leading to higher retention rates and a more motivated workforce. (Source: Qualtrics Employee Experience Studies)
When you peel back the value of engagement data, the upside is huge. We find that organizations report that there is significantly higher customer satisfaction and loyalty, driving better financial performance and market competitiveness. With such compelling data, it becomes evident that fostering associate engagement is not merely a human resources initiative but a strategic imperative for long-term organizational success and sustainability.
Here is how you can navigate the talent tide today:
Invest in talent now before it’s too late.
Keep consistent with feedback loops and take actions.
Hire an expert to guide you to a highly engaged and performance-based organizational culture.
With TalentXM, we’ve helped firms grow into nationally known Great Places to Work. We’ve found that there is a growing demand for leadership development including professional coaching. The current trends point to a broader need for organizations to invest now in the upskilling and personalized growth paths for your associates. For the last 21-years we have helped leaders, teams and organization’s find their potential through talent challenges just like the “great resignation” by curating a one-of-a-kind culture that emphasizes performance, growth and belonging.
Here is some more good news. Taking proactive steps and investing in your talent, teams, and organization is easier and more impactful than ever. Your organization can build momentum and engage your talent right where they are today. How? By partnering with Signature's TalentXM team, you will experience customized strengths-based coaching, leadership development, and engagement solutions that give you a talent edge and help you maintain it.
As Amy Hennings, Sr. Vice President of Experience at Signature Performance, said, "Investing in our Associates' growth and development has not only improved our retention rates but also fostered a culture of innovation, continuous improvement, and excellence."
We all know that preventative healthcare keeps us strong and physically fit. The same is true for the shifting talent markets in the U.S.. Become proactive in your approach to attracting and retaining the industries best talent and keep your clients, patients and people engaged at work and healthy at home.
Signature’s TalentXM's comprehensive approach to talent development and well-being profoundly impacts the healthcare industry. By investing in the growth and well-being of healthcare professionals, TalentXM helps organizations achieve better patient outcomes, higher employee satisfaction, and improved operational efficiency. Better yet, TalentXM helps your organization stay ahead of the trending market forces.
Visit https://www.signatureperformance.com/talentxm to learn more about our TalentXM Solutions.
