It costs an average of three times a current employee's salary to hire and ramp up someone new. Your ability to retain current employees saves you approximately three times their annual salary, plus you are retaining a proven entity. In order to sustain a growth trajectory and momentum for your organization, it is not enough to just take care of your 'best' list. You also need to take care of your 'next' list — the wealth of untapped talent that lies just below the surface of your organization. We will work with your organization to help you identify, invest in, develop and retain both your 'best' and your 'next' leadership talent across all levels and generations in your workforce.
We know we already have multiple generations in our workplaces today, and this is only going to continue in the future. The multi-generational transformation of our workplaces is both challenging and full of exciting opportunities when it comes to leadership and talent development. On average, one baby boomer is retiring every 8 seconds, but many of the Baby Boomer and Gen X’ers are also choosing to stay in the workforce longer for both economic and social reasons. Millennials represented almost 47% of the workforce by 2014 and will make up 75% of the workforce by 2025. An increasing number of employees are seeking to move from opportunity to opportunity. CEO’s and employees have high expectations of all generations represented in the workforce. In turn, Millennials and even Gen X’ers are raising the bar on multiple fronts in terms of what they expect from leadership and from the organization they choose to be a part of as an employee. The right skills are in short supply and the war for talent is on. Younger people are getting bigger jobs sooner, and they think, learn and behave differently. This multi-generational factor creates a very different dynamic when it comes to your go-forward strategies and programs for leadership advancement and talent development.
Daniella Levitt is the founder of the gen-xyb™ program — a cross-generational collaboration, development and advancement program that she runs for corporations. Leveraging Daniella’s multi-generational expertise, Ovation Global Strategies provides Consulting services regarding how to adapt the way you recruit, engage, manage and develop your leaders and talent for the future across the generations in your workforce. Bi-directional collaboration and engagement between generational groups is a core tenet of the leadership and talent development strategies and programs we help you develop and implement.
We know we already have multiple generations in our workplaces today, and this is only going to continue in the future. The multi-generational transformation of our workplaces is both challenging and full of exciting opportunities when it comes to leadership and talent development. On average, one baby boomer is retiring every 8 seconds, but many of the Baby Boomer and Gen X’ers are also choosing to stay in the workforce longer for both economic and social reasons. Millennials represented almost 47% of the workforce by 2014 and will make up 75% of the workforce by 2025. An increasing number of employees are seeking to move from opportunity to opportunity. CEO’s and employees have high expectations of all generations represented in the workforce. In turn, Millennials and even Gen X’ers are raising the bar on multiple fronts in terms of what they expect from leadership and from the organization they choose to be a part of as an employee. The right skills are in short supply and the war for talent is on. Younger people are getting bigger jobs sooner, and they think, learn and behave differently. This multi-generational factor creates a very different dynamic when it comes to your go-forward strategies and programs for leadership advancement and talent development.
Daniella Levitt is the founder of the gen-xyb™ program — a cross-generational collaboration, development and advancement program that she runs for corporations. Leveraging Daniella’s multi-generational expertise, Ovation Global Strategies provides Consulting services regarding how to adapt the way you recruit, engage, manage and develop your leaders and talent for the future across the generations in your workforce. Bi-directional collaboration and engagement between generational groups is a core tenet of the leadership and talent development strategies and programs we help you develop and implement.