Research indicates that employees prioritise work-life balance and a positive workplace culture. However, less than 40% of HR managers believe talent retention a priority for their organisation in the next 12 months.
The research shows that at the top of employees’ list of grudges is the worsening work-life balance and a toxic workplace culture. Yet, HR managers are underestimating the pushing power of these factors, with only a quarter (26%) saying that talent retention is a priority for their organisation over the next 12 months. All too often, companies create short-term people initiatives that leave little to no impact on the actual culture and the company’s ability to meet its business strategy.
What is a People Strategy?
A people strategy helps you determine how you will deliver your business strategy through your people. A strong people strategy can help you elevate performance and enable you to more easily navigate the ongoing challenges faced by your business.
A robust People Strategy looks at three elements—together, these allow you to deliver your business strategy through your people.
At their core, people strategies are put in place to keep businesses, HR teams, and employees aligned. For HR teams, they are a way to drive business outcomes, like increased productivity or reduced turnover. For employees, People strategies are structured to help them reach their fullest potential through support programs and learning and development resources.
For an organisation to drive and sustain growth, its business and HR goals need to intersect, and having a people strategy is one way to make this happen.
The differences between HR and people strategies are subtle but fundamental. While HR strategies focus on building systems to attract and retain talent, people strategies focus on building relationships between organisations and employees. While they can overlap, people strategies and HR strategies are different tools.
How we can help
People Strategy Development
We help you design a robust people strategy that defines the skills and competencies you need to deliver your business goals and the attraction and development mechanisms that will grow and retain your workforce.
Alignment with Business Strategy
A real and long-lasting shift in your culture can only be addressed by exploring the foundations upon which your team’s operating model and organisational design are built, aligning both these to your vision.
Real Insights
We facilitate insight sessions, engaging surveys, and interviews to assess the foundations that currently help the business to run. Our aim is to understand the barriers that stop your company and your people from reaching their full productive potential.
Measurable Impact
We believe in results that can be seen and measured. Our strategies are designed to deliver tangible and sustainable improvements in efficiency, performance, and employee engagement.
There is no one-size-fits-all approach to People strategy: Yours needs to reflect your business needs and company culture. If you would like to discuss how I can help you build a people strategy for your organisation, please get in touch today.