According to Gallup research, the war for an engaged and skilled workforce is costing businesses more than $600 billion in lost productivity every year. The increasing skills gap and struggle to engage top talent is on everyone’s mind, whether you’re a Fortune 100 company or a startup. So where do we go from here?
That’s where the industry game-changers like Leena Nair come in. As the first female, first Asian, youngest ever Chief Human Resource Officer of Unilever Leena has made it her personal mission to help her employees find their purpose in an upside-down world and make wellbeing a business priority which drives the company bottom line.
“In today’s world, if a CEO is not spending 50% of the time on people agenda, there’s a real problem. The only competitive advantage a company has are its people – their ideas and creativity… for every dollar we invest in wellness, we get a return of $2.44.”
Leena will take the stage in London to share her vision of the new world of business, how technology amplifies and augments human potential, and what we can do to reconnect with our humanity in the Digital Age. Hear how their digital transformation mission has already saved Unilever 200 million euros in just the cost of unavoidable attrition and consistently makes them the number one employer of choice in 44 out of the 52 markets they recruit in.
“For every dollar we invest in wellness, we get a return of $2.44. I passionately believe that companies with purpose last, brands with purpose grow, and people with purpose thrive in uncertain times.”
We are, for example, the number one employer of choice in 44 of the 52 markets we recruit in. This is great. It’s also a number I like because it’s externally measured, based on Nielsen Universal. But with the power of data and analytics, I’m able to connect the dots and show that in markets where we are more attractive, we are attracting the right kind of people, our costs of recruitment have fallen, our conversion rates have gone up, our recruitment yield is better. So, suddenly, I’m able to show the business that we’re saving €15 million because of the sheer strength of our employer brand in some of our key markets.
“We have to bring the field of human capital and financial capital a lot together. We use standard measures to ensure we get the best talent from the best places. We measure the mood and morale of people with data analytics. With predictive attrition, we are able to predict which employees we may lose. That has saved us 200 million euros, the cost of unavoidable attrition.” Leena Nair