291 words…one minute read

The COVID-19 pandemic accelerated a transformation of the workplace. Organizations are facing emerging challenges from talent attraction, retention and development to inclusion and diversity and employee wellbeing.

• By the numbers: The level of “voluntary quitting” among workers rose by 100,000 people from July to August. According to Aon research, 70 percent of employees still struggle with resilience and replacing an employee can cost more than 100 percent of the role’s salary while successful reskilling can cost less than 10 percent of a role’s salary.  

Start with the data: Employee data is key to unlocking an organization’s potential in building a more resilient workforce. Managing the “Great Resignation” and preparing for what’s next will be better informed by data as employers develop and enhance their people strategies.

How can business leaders ensure employee data is meaningful?

• Organizations that build resilient workforces see long-term benefits: According to Aon’s whitepaper, “Unlock Your Workforce’s Potential With Data Insights,” 19 percent of companies that focus on wellbeing have healthier employees and 42 percent see both higher productivity and lower employee turnover. Check out this article in Employee Benefits by Andrew Krawczyk, EMEA Commercial Leader at Aon, for additional insights on employee health and wellbeing strategy.
• Organizations are only as strong as their workforces: Recent Aon research, “Making Better Decisions in Uncertain Times,” found a strong majority (79 percent) of business leaders expect a recession this year, while only 35 percent feel prepared for that recession. Forty-two percent of very prepared leaders are spending a great deal of time on the issue of attracting and retaining top talent, compared to just 22 percent of other leaders.

Learn how Aon helps maintain employee wellbeing among both colleagues and clients amidst the “Great Resignation".