AUSTIN, Texas and LONDON--(BUSINESS WIRE)--Lumesse, a global leader in integrated talent management solutions, today announced that it is making available as a free download the final detailed report on its global survey Inspiring Talent 2011 at www.lumesse.com/talentsurvey2011.
The survey reveals that despite employee happiness at work, 29% of workers expect to leave their companies within five years. Four out of five employees also felt that their skills were not fully utilized, while almost half reported that their performance appraisal process was of little or no value. Based on a survey of almost 4,000 employees in larger companies in 14 countries, including the US, UK, Germany and China, the report examines employee attitudes to their jobs and employers in areas such as loyalty, job satisfaction, workplace pride, training opportunities and salary perceptions.
Lumesse CEO Matthew Parker noted: “Some consistent messages come out of this free report regardless of age, gender and geographical location. It’s clear that many people feel their skills are not used as well as they could be, and that many employers are not using effective performance appraisal techniques to help people contribute more. For many people the solution is going to be a move to a new job. That’s a pity because overall the survey shows good levels of workplace pride and satisfaction. If employers can combine that happiness with better career management then the benefits are obvious – better retention, better performance and higher productivity.”
The risk of talent loss is particularly affecting two critical sectors of the workforce according to the findings. Nearly half (46%) of 18 – 25 year olds are already planning to leave their jobs. Similarly, half of the most experienced staff also expect to head for the door within five years. Employers spend significant time and money in recruiting and training talented young employees, and in retaining experienced staff – yet the survey shows they have to work harder to understand these individuals’ career expectations.
Respondents cited a lack of opportunities to use their skills as reasons not to commit long term to an employer. Some 81% of workers believe that their skills and talent aren’t being used by their current employer. Another key aspect of talent management explored within the Lumesse report is staff appraisals. The research showed that almost half (49%) of employees considered their performance reviews to be of little or no value. However, employees worldwide still feel proud of where they work. The Lumesse Inspiring Talent 2011 report found that a majority of workers (69%) are proud to tell other people who they work for.
Parker added, “If people don’t think their skills are being used to their full potential it’s not surprising that many are looking for a new job. At Lumesse, one of our key goals is to make it easier for organizations to create inspiring careers for their staff. The Inspiring Talent report highlights some critical areas where employers can make real gains.”
The report is a free download at www.lumesse.com/talentsurvey2011
About Lumesse – www.lumesse.com
Lumesse is the only global company making talent management solutions work locally. We help customers around the world to implement successful local talent management initiatives that identify, nurture and develop the right people, in the right place, at the right time. Our multi-cultural background and presence means we understand how to deliver talent solutions that work the way our customers work, as individuals and as teams, because no two people, organisations or cultures are the same. We regard differences as strengths, not as obstacles.
1,700 customers work with us in over 70 countries because they recognise that commitment, innovation and value only come from people. We help customers to unlock and inspire that human potential in their businesses. Our integrated talent management solutions are comprehensive, intuitive, secure and fully internationalised into over 50 languages.
Inspiring Talent – the Lumesse global survey
In April 2011 Lumesse sponsored an anonymous survey of almost 4000 employees in larger businesses (500-50,000+ employees) worldwide. The survey was carried out independently by a third-party survey company specialising in consumer and employee research. Fourteen countries, primarily where Lumesse has operations, were covered, including Australia, Belgium, China, Denmark, France, Germany, Hong Kong, Italy, the Netherlands, Norway, Singapore, Sweden, the UK and the US. The survey, which will be published in detail in June, asked people to express their views on subjects such as how happy they were at work, whether they felt their skills were properly utilised, the career paths open to them, and the training and career development opportunities they had.