Performability - The Talent Retention Specialists
 

Retention Survey Results
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Methodology
In the first ever survey of its kind, Performability recently asked 987 managers some key questions about career intentions, and personal development.

Respondents:-

  • CEO 4%
  • Senior Executive 22%
  • Mid-level Executive 43%
  • Operational Leaders 12%
  • Front Line Leaders 19%

Companies:-

  • Australia Post
  • Pacific Brands
  • Coles Group
  • AMP
  • GE
  • Puma
  • DHL
  • Orica
  • National Foods
  • CPA Australia
  • L'Oreal
  • Fosters
  • Adair
  • Brumbies
  • Sensis
  • Qantas
  • Minter Ellison
  • Simplot
  • Vodafone
  • Clayton Utz

Main Conclusions

The survey responses showed a mind set of respondents, perhaps indeed an expectation, to experience short term tenures with their employment.

There was a desire for structured coaching and mentoring being introduced to encourage retention.

There was a stated inadequacy of the annual performance and appraisal system.

Ongoing coaching was the preferred method of development by everyone (71%) who stated that a development program would influence their decision to remain with their current employer.


Key Insights

54% of respondents have worked for more than 4 organisations and 34% have been with their current employer for less than 12 months.

Senior executives and Mid-level executives account for 64% of the total who have been currently employed for less than 12 months.

51% of respondents indicated they are planning to leave their current employment within 1 year and 20% within 2 years.

71% of all respondents and 63% of the senior and mid level managers surveyed would remain in their current employment if they were offered a structured ongoing development program.

71% of respondents indicated a strong preference for ongoing coaching as their preferred development intervention.

Only 43% of respondents spent in excess of 3 hours a year on the Employee Appraisal.

45% of respondents rated the Appraisal and Review method as ineffective.

Want to learn more? Please contact us to receive our presentation of the full survey analysis.


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