Kaizen’s HR Round Table – Employee Value Proposition Dominates Discussion!
Kaizen Recruitment hosted its first HR Luncheon last week which was chaired by Johanna Neilsen, former Executive Manager, People & Culture at Cbus.
The purpose of the lunch was to bring together professional, like-minded individuals in an open environment to share and discuss hot topics that impact upon their people in the workplace.
In attendance was a cross section of HR professionals from the Managed Funds, Superannuation and Wealth Management sectors.
The discussion around the table included:
• diversity in the workplace (gender, cultural and experience)
• staff attrition (both positive and negative)
• work/life balance and flexible work arrangements
• technology in the workplace (CRM’s, data collection/reporting)
In addition to the agenda items discussed, it was an opportunity for some delegates to (re)connect with peers within and across the financial services sector. For others, it was a realisation that many of the daily operational and long-term strategic challenges they face in their workplace, are in fact, not isolated and exist at an industry level. Common challenges that struck a chord amongst the group included employee retention, gender diversity, career progression and workplace flexibility.
What the discussion highlighted to me was that the employee value proposition (EVP) has never been more important in a candidate short market. The EVP continues to be an evolving story for HR decision makers within our industry. It was clear that it is simply not enough to differentiate yourself as an organisation by appealing to potential and existing staff at a level of remuneration or role title alone. The consensus around the table was that those organisations who can create, demonstrate and communicate an EVP that offers diversity and inclusion will be best positioned to attract and retain the best talent on the market.
Many of the ‘people’ challenges faced by organisations are of a similar nature, however it was evident that there can be no cookie cutter approach to improving staff retention, engagement and satisfaction. Each organisation is unique and is driven by its own set of values. These organisational values must resonate with all connected to it beginning from the recruitment stage. It seems that the organisations who can consistently get most of their people on ‘the same bus’ over a longer period of time will give themselves the best chance of reaching their destination in a healthier state.
I welcome feedback from those who participated in Kaizen Recruitment’s HR round table and invite expressions of interest from those interested in attending the next one.
Best Regards
Chris Goulas – Associate Director
Kaizen Recruitment specialises financial services recruitment across funds management, wealth management, superannuation, investment consulting and insurance. We are based in Melbourne and Sydney. For assistance or further information please telephone our office at +61 3 9095 7157 or submit an online form.
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