The real reason employees leave – and it's not pay

'The pandemic has given people a very different perspective'

The real reason employees leave – and it's not pay

Two main reasons employees leave? A lack of growth and development – that’s according to Netflix’s director, HR business partner, Bharath Jayaraman. Speaking at HRD’s HR Leaders Summit earlier today, he revealed that employers are left playing catch-up, haemorrhaging top talent – and the pandemic only made the situation worse.

“The pandemic has given people a very different perspective – pressing the reset button on their careers and reassessing their goals,” he told HRD’s audience. “There lies an opportunity for companies who can think strategically about developing their internal talent.”

Speaking at today’s event, Jayaraman advised leaders that they must proactively invest in growing their internal teams. He added that he thinks of managers as organizational matchmakers – and that one of the main skills of a leader is their ability match talent to business needs.

And Bharath’s comments tie in perfectly with our agenda for the rest of the day too. This year, our annual HR Leaders Summit has a huge focus on leadership-driven change – looking at how best to manage wellbeing, strategy, and upskilling in remote and hybrid models. Since the pandemic, employers in Canada have been in a reactive mode. And while that certainly helped us survive the chaos, it’s time to leave that thinking behind – and turn to a thrive mindset.

2022 will be the year of revival. A recent report from Gartner found that CHRO’s will be focusing on reskilling internal talent this year – with four in 10 leaders looking at developing future leaders as a core priority. Speaking to Meghan Stettler, director of the O.C. Tanner Institute and sponsor of our HR Leaders Summit, she revealed that key to building adaptable and proactive HR teams lies in the hands of the C-suite.

“Organizations that have the most success in moving the dial towards modern leadership do two things well,” she told HRD. “First, they adopt the cultural expectation that all employees are leaders regardless of whether they actually manage people, and secondly, they make leadership development available to all employees.”

But, if you haven’t managed to secure your ticket to HR Leaders Summit, don’t fret! HRD is hosting a brand-new Employee Engagement Summit on November 30th – where we’ll be speaking to a whole host of HR leaders on ground-breaking topics for 2022 and beyond. Take a look at our exciting agenda here

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