Unlocking Talent Retention: pt.2

Innovative Strategies for Retention: Exploring Job Sharing, Emotional Leadership, & Digital Transformation

Welcome to Part 2 of this edition of The Loves Report, where we continue our deep dive into the world of talent retention.

This week, we'll explore innovative strategies that are making waves in the industry.?

From the rise of job sharing to the impact of emotionally intelligent leadership and the role of digital transformation, we'll uncover how these elements are shaping the future of work. Join us as we delve into these fascinating topics and discover new ways to enhance your talent retention strategy.

1. Job Sharing: An Untapped Retention Strategy?

Job sharing is emerging as a potential solution to staff retention issues, particularly in the charity sector. According to a recent?Civil Society article, job sharing can increase flexibility, improve diversity, equity, and inclusion, and ultimately boost talent retention.

However, job sharing also presents challenges that need to be addressed early on, such as potential competition between job sharers and the need for clear communication and handovers. Despite these challenges, many professionals have found job sharing to be a progressive and beneficial arrangement.

Want to learn more about how job sharing could enhance your talent retention strategy? Dive into the full article for?more insights here?or take a look at our friends over at?Roleshare?- on how their business helps you retain your top employees and in doing so, help your bottom line -?check it out here.

2. The Impact of Managers on Retention: What is Intelligent Leadership?

The role of managers in shaping the mental health of employees is more significant than we might think. A recent?Forbes article?reveals that managers can have a greater impact on employees' mental health than their therapist or doctor. This finding underscores the importance of emotionally intelligent leadership in creating a positive and supportive work environment.

The article delves into the concept of emotional intelligence (EI) and its four pillars: self-awareness, self-management, social awareness, and relationship management. Leaders with high EI are better equipped to motivate, engage, and develop their staff, leading to higher retention rates. However, achieving high EI requires conscious effort and practice. Leaders need to embrace empathy, communicate clearly, lead by example, offer encouragement and support, and create a positive work environment.

The question is, how can your organisation foster emotionally intelligent leadership? And what impact could this have on your talent retention strategy? Find out more in the full article.?Read more

3. Digital Transformation: A Factor in Retention?

Digital transformation is not just a buzzword—it's a crucial factor in talent retention, particularly in the banking sector. According to a?Business Leader article, 94% of product managers would leave their current position to work for a bank with better technology, and 92% would leave for a bank with more ambitious transformation goals.

The article highlights the importance of digital progression in attracting and retaining both customers and ambitious product managers. It also underscores the risks for institutions resistant to digital transformation, as a lack of perceived innovation can lead to talent shortages.

But the question remains: How does this apply to other sectors? And how can your organisation leverage digital transformation for talent retention? Dive into the full article to explore these questions.?Read more

4. Shiseido's Retention Strategy: A Case Study

Shiseido, a global beauty brand, is taking a unique approach to talent retention that combines both progression and digital transformation. According to a?Glossy article, Shiseido's strategy involves upskilling employees rather than replacing them. The company's Digital Academy has seen a 30% increase in enrolment since 2020, with over 5,000 employees signed up to get certified in digital literacy this year.

The company believes that closing the knowledge and skills gaps is far less disruptive and more cost-effective than replacing employees with new hires. This approach not only helps employees advance in their careers within the company but also creates a workforce that is "faster, better and smarter than before."

This strategy seems to be a promising solution to the current challenges many companies face in attracting and retaining talent. But how does it work in practice? And could it be a model for other companies to follow? Find out more in the full article.?Read more

In The Loves Corner this week:

Last Friday We are The Loves founders Emma and Jules took a day off! They went to Latitude festival in Suffolk, Emma's beloved motherland (she's very proud of coming from East Anglia).

Highlights were Metronomy and Pulp - two of We are The Loves favourite bands. Check out the?Latitude Spotify playlist. This will be on in our office for the next few weeks.

Although we are going to see?Ukulele Death Squad?in our hometown of Bath tonight so lets see if they pip Pulp off the playlist... more on that next week perhaps!