Deloitte Survey: Global Organizations Face Looming Crisis in Engagement and Retention of Employees
Zurich, 26th of March 2015
Lack of employee engagement is the top issue currently facing 87 percent of HR and business leaders according to Deloitte’s third annual trend report: “Global Human Capital Trends 2015: Leading in the New World of Work”.
The survey was conducted among more than 3,300 HR and business leaders in 106 countries, and is one of the largest global studies of talent, leadership and HR challenges. Engagement was one of the core topics: The number of HR and business leaders who cited engagement as being very important doubled from 26 percent (2014) to 50 percent this year. Sixty percent of HR and business leaders surveyed said they do not have an adequate program to measure and improve engagement, indicating a lack of preparedness for addressing this issue.
Only 12 percent of interviewed HR and business leaders have a program in place to define and build a strong culture; while only 7 percent rated themselves as excellent at measuring, driving, and improving engagement and retention.
What about Switzerland?
The 2015 Deloitte survey indicates that in Switzerland learning and development is now the top priority in Switzerland with 80 percent of Swiss respondents rating it as important or very important. At the same time, only 35 percent of them consider their organization as being ready to adequately respond to the challenge. In the context of a radical transformation of education and learning world, many Swiss organizations struggle to rethink their strategy and approach to learning.
2015 will be the year, where Swiss organizations have to re-visit their employment brand and value proposition offered not only to prospective employees but also actual employees. Sarah Kane, Deloitte Partner Human Capital in Switzerland, explains: “While 77 percent of Swiss business leaders rank criteria such as culture and engagement as important or very important, only 43 percent consider their organizations as being adequately prepared to monitor culture and engagement and to simplify the work environment and redesign the work and the workplace to drive engagement and productivity.”
While leadership development has decreased in terms of importance compared to 2014, it still remains an important or very important priority for 71 percent of Swiss respondents. At the same time, the readiness gap has increased compared to 2014: only 4 percent of respondents consider their organization as fully ready to address the leadership challenge while 27 percent consider they are just not ready at all. These findings suggest that 1 organization out of 4 is failing at identifying and developing its future leaders with potential massive implications on long-term performance.
About the survey
The survey was conducted among more than 3,300 HR and business leaders in 106 countries, and is one of the largest global studies of talent, leadership and HR challenges.
To access the Deloitte Global Human Capital Trends 2015 Dashboard and gain further insights into the report, including detailed information on specific countries or industries.
About Deloitte in Switzerland
Deloitte is a leading accounting and consulting company in Switzerland and provides industry-specific services in the areas of audit, tax, consulting and corporate finance. With approximately 1,300 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and institutions of all legal forms and sizes in all industry sectors. Deloitte AG is a subsidiary of Deloitte LLP, the UK member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL member firms comprise of approximately 210,000 employees in more than 150 countries around the world.
Note to editors
In this press release references to Deloitte are references to Deloitte AG, a subsidiary of Deloitte LLP, which is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.com/ch/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP and its subsidiaries are leading business advisers, providing audit, tax, consulting and corporate finance services through more than 14 000 exceptional people across the UK and Switzerland. Known as an employer of choice for innovative human resources programmes, it is dedicated to helping its clients and people excel.
Deloitte AG is an auditor firm recognised and supervised by the Federal Audit Oversight Authority (FAOA) and the Swiss Financial Market Supervisory Authority (FINMA).
The information contained in this press release is correct at the time of going to press.