Due to rapid progress in technology, demographics and social lifestyles, the workforce roles and responsibilities are undergoing a drastic transformation. According to Employee Benefits News, the average cost of losing an employee is 33 per cent of their annual salary. Also, when recruitment fees, training, and lost productivity are considered, a high turnover rate can have crippling financial implications for a business. HR leaders know that the time, resources, and efforts required to replace talent is laborious compared to the costs to implement the strategies which create engaging culture. For them, the foundation of any employee engagement strategy is effective internal communication to guide a disengaged workforce and make them feel more empowered and recognised.
Companies are now providing on-job training to develop skills required to work with the latest technological platforms, economical utilisation of resources and boost the morale of employees to perform their tasks efficiently. When employees feel valued, their dedication and enthusiasm for their work, their co-workers and their company also increase. This, in turn, develops employee retention, performance, and productivity. To mitigate employee burnout, HR managers are encouraging employees to set goals to balance their work and personal life by providing access to remote work hours.
This edition of HR Tech Outlook features companies such as weffect, Brilliant, ComeMit and MPASS that are at the forefront of offering HR services. We present you a special edition on Top 10 Employee Engagement Consulting/Services Companies in Europe - 2019.