After taking the pulse of employers around the world to learn what was on their minds in 2012, Mercer today announced the launch of an initiative to help organisations understand and address their most pressing issues and concerns. Entitled "Inside Employers' Minds: Confronting Critical Workforce Challenges," Mercer will provide resources and solutions in three areas:
• Taking pension risk off the table – Better managing risks related to growing pension liabilities and the potential impact on corporate financial performance
• Making smart benefit choices – Enabling employees to make better choices as they take greater accountability for retirement and health benefit decisions
• Building high-impact talent – Finding new ways to build agile, world-class workforces that are ready and able to respond to evolving business needs and new opportunities
“The implications of these issues are immense for organisations in both emerging and mature markets, especially in a global economy that remains complex, diverse and somewhat volatile,” said Julio Portalatin, President and Chief Executive Officer, Mercer. “Those that get it right will be in a position to excel. Those that get it wrong will find their financial performance and competitive position at greater risk.
“The resources and tools we have developed will not only give employers a better understanding of these issues, but also will provide insights into how to address and capitalise on related opportunities,” added Mr. Portalatin.
The need to confront these workforce challenges comes at a critical stage when employers worldwide must confront a constantly changing and complex economy and simultaneously deal with a workforce that is increasingly disengaged. This lack of engagement was reflected in Mercer’s 2011 What’s Working™ Survey of nearly 30,000 workers worldwide that gauged employee attitudes towards various key measures of satisfaction and commitment.
The research showed that in 17 markets across all global regions, between one-quarter and one-half of employees are seriously considering leaving their organisations. Nearly one in three (32%) US workers is seriously considering leaving his or her organisation. Meanwhile, another 21% are undecided about leaving but view their employers unfavorably and have rock-bottom scores on key measures of engagement.
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