Here's the core truth: adopt 'Apple-like' innovation in HR if you want workers to stick around Employees give firms just six months to deliver on promises around innovation - but they will go the extra mile in return PR Newswire LOS ANGELES, June 5, 2013 LOS ANGELES, June 5,2013 /PRNewswire/ --Employers worldwide received a clear message from their staff today in a global study from Futurestep, a Korn/Ferry company (NYSE: KFY) specializing in high impact talent solutions: "think bigger on innovation in HR if you want to keep us onboard". Exploring the potential impact of innovative methods in recruiting, engaging and developing staff, the study of more than 4,000 skilled workers from around the world reveals that nearly half are prepared to quit a job they're happy in if they feel they are being let down on promises around innovation. With 44% of those surveyed admitting that they are "likely" to look around for another role if innovation fails to materialize, equally worrying will be the news that the clock is ticking. Employers have a window of just six months to deliver on innovative ways to engage and develop their people according to the majority. A further four in ten confirmed that 'phantom innovation' would make them feel negatively about the brand as a whole. Citing companies including Apple, Google, Coca Cola and Facebook as their 'innovation idols', while workers around the globe want to see innovation from day one, they're ready and willing to give back: Big Demands: oOver ¾ expect employers to be innovative in the way they retain and engage their staff… o…72% expect employers to be innovative in the way they develop people… o… but only 36% think that their current company is innovative in those fields Big Returns: o79% agree that innovative approaches to engagement and development would make them more likely to perform better in their jobs… o…49% say they would be more likely to take a job advertised or offered in an innovative way… o… and 51% believe that innovative approaches to recruitment would make them feel more positively about that company overall The study confirmed that in today's competitive employee market innovation will turn the head of the happiest employee. Two thirds of employees said they would leave a role if they were targeted with a job that offered more innovative benefits, while 55% would leave a role they are happy in if approached in a particularly innovative way. "The idea of innovation clearly sparks the imagination of today's professionals," says Byrne Mulrooney, CEO of Futurestep. "Workers define innovation as three things; change, improvement and forward thinking, and they're looking for employers to demonstrate all three of those from Day One. What is increasingly important, particularly for global companies is that the way you communicate with future, current and former employees can have a huge impact on how they think of your brand as a whole. It goes beyond employment and can actually affect the way they think about your brand as a consumer too – and they'll share that view with friends and family too." The global report, which also surveyed more than 800 recruitment and talent management professionals, found that 74% of them believe that their organization needs to be doing more to demonstrate innovation in their recruitment and talent management. While 78% believe innovation in recruitment and talent management is key to delivering growth targets across the business. Follow the conversation on Twitter @futurestep #InnovationImperative The full study, entitled 'The Innovation Imperative', is available for download from www.futurestep.com/innovate Notes to editors To develop this research, Futurestep conducted online surveys with two audiences: HR/recruitment/talent management professionals (Professionals) and employees (Candidates) from a range of industries in the UK, USA, Australia, France, Germany, Brazil, India and Greater China (an amalgamated market comprising Hong Kong and China). 100 Professionals were surveyed in each market, all of whom hold senior positions in companies of 250+ people. Professionals all held one of the following job titles: CHRO/HRD/VP, VP/Director/Head of Talent/Recruitment/ Talent Management, HR/Talent/Recruitment Manager, or, HR/Talent/Recruitment Executive. This fieldwork was supported by research with 500 Candidates (all of whom were in active employment when surveyed) from each market. Fieldwork was conducted by Opinion Leader, an independent research company. Respondents were invited to take part through an email invitation after being screened as eligible for the research, with surveys completed between 19th February 2013 and 13th March 2013. Detailed research methodology can be found in the appendix of the full Futurestep report. About Futurestep Futurestep is the global industry leader in high-impact recruitment solutions; offering fully customized, flexible services to help organizations meet their talent and recruitment needs. Our clients turn to us for proven expertise, a global process and infrastructure, proprietary competency models, innovative sourcing and attraction strategies, and a unique approach to measure and optimize business impact. As a Korn/Ferry Company, Futurestep can meet a variety of workforce requirements; from RPO and project recruitment, to search and consulting, our solutions apply a truly world-class capability to deliver talent with impact, providing the experience and global reach to identify, attract and retain the people who drive business success. To learn more, visit www.futurestep.com About Korn/Ferry International Korn/Ferry International is a premier global provider of talent management solutions, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa. The firm delivers solutions and resources that help clients cultivate greatness through the design, building and attraction of their talent. Visit www.kornferry.com for more information on Korn/Ferry International, and www.kornferryinstitute.com for thought leadership, intellectual property, and research. SOURCE Futurestep Website: http://www.futurestep.com Contact: Ellie Bennett/ Olivia Allen, or Harvard Bell Pottinger, T: +44(0)20 7861 2839/ 3967, email@example.com
Here's the core truth: adopt 'Apple-like' innovation in HR if you want workers to stick around
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