Category: InterSearch Grant Alexander – France

What can you do to retain your human capital in a tight job market?

Article by Grégoire Beaurain, Financial Practice Director at the French InterSearch member, Grant Alexander.

Retaining talent is a hot topic that our group is facing in its day-to-day business.

Large groups and SMEs alike are currently seeing increasing numbers of employees leaving, with turnover reaching peaks that can be as high as 25%, in some cases. And for reasons that both directors and managers often find completely disconcerting. Because although these people may be leaving the company of their own free will, this does not necessarily mean they have another job to go to; and, indeed, they may have no inclination or desire to find one…

There are numerous examples of this! Just three, which I heard from clients of mine last April, suffice to understand the extent of the phenomenon. One was an in-house auditor who left the company to become a yoga instructor. Another was a lawyer who resigned to open up their own small grocery shop in their home region. And the third was a financial officer who opted to return to his home region to open a rural gîte there.

There is no getting around it… so HR managers must find new solutions to offer if they are to hold on to their human capital.

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