Below you'll find just one example of how our performance and rewards practice helped a client develop a successful career model, stemming turnover in the process.
An international consulting firm was experiencing unacceptably high levels of turnover among its technology professionals.
A number of outside factors contributed to the problem. Tax laws, investment credits, and rapid industrial growth in the area of information technology created a demand for talent that outstripped the current supply.
Large, established employers of technology professionals face competition for business and talent from nimble, aggressive start-up companies offering unique value propositions.
A deteriorating cycle developed as employees left and existing client teams shouldered the burden. This threatened the quality of work and caused a decline in employee morale. Turnover management challenges ensued.
A great deal of divergence existed among the senior leadership about solutions to the problem. In order to achieve better alignment between business and employee needs, the firm wanted to examine the rewards and development strategies for its technology professionals.
In response, Sibson Consulting:
By addressing the root causes, Sibson helped the firm:
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