The Predictive Index, an award-winning talent optimization platform that aligns business strategy with people strategy for optimal business results, and HR Dive, a publication providing in-depth journalism and insight into the most impactful news and trends shaping human resources, jointly released the 2023 State of Talent Optimization Report. In a survey of 159 HR executives, the data reveals only 50% of HR executives have a business strategy, and only 33% have a business strategy that aligns with their talent strategy.
“We think about our business strategy, and we fall in love with the technical and operational bits, and we think about new products and metrics and numbers, and we act as if people aren’t what make it all happen,” said Dr. Matt Poepsel, Ph.D., and Vice President of Professional Services at the Predictive Index. “Mental health undeniably impacts employee engagement and with May being ‘Mental Health Awareness month,’ the 2023 State of Talent Optimization Report uncovers the importance of workplace well-being.”
Employee Benefits, Stress, and Burnout Contribute to Lack of Engagement and Retention
- Benefits drive retention: 63% of executives consider benefits like wellness a main driver of employee retention
- Companies must double down on well-being: Despite benefits like wellness being a major driver of retention, only 32% of HR executives believe that physical/mental well-being is a fundamental value within their company.
- Employee disengagement is a top concern: 40% of HR executives believe stress and/or burnout is a major concern or challenge among employees, which significantly impacts engagement.
A full copy of the 2023 State of Talent Optimization Report is available at: https://www.predictiveindex.com/the-state-of-talent-optimization-report-2023/?utm_medium=pr&utm_source=mixed-pi&utm_content=2023-to-report.
The Wellness Conversation Continues in PI’s Perspectives Webinar Series
In today’s business world, organizations need to constantly adapt; whether it’s to the market, its people, or other external forces. On May 10, 2023, The Predictive Index will present the next session in its monthly Perspectives Webinar Series, hosted by PI’s VP of Professional Services Matt Poepsel, Ph.D. and author of the new book Expand the Circle. Each month during Perspectives, attendees hear from a mixed panel of business and talent experts as they discuss the shared challenges organizations face—and the keys to long-term success.
May’s session, Mind Your Business: How Mental Health Awareness Boosts Employee Wellness and Your Bottom Line, will discuss key topics around the importance of well-being found in the 2023 State of Talent Optimization Report and will help attendees:
- Discover the critical connection between wellness and performance
- Learn how a mindfulness program can enhance your organizational culture
- Identify the key considerations when introducing or expanding mindfulness programs with your employees
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