Abstract Book of the 14th International Conference on New Ideas in Management, Economics, and Accounting
Year: 2025
DOI:
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How to Magnetise Your Workforce in an Uncertain World
David Stewart
ABSTRACT:
“In a rapidly changing, uncertain, more complicated, and volatile world, Leaders are faced with many challenges when it comes to attracting and retaining their workforce.
Globally, there is a shortage of quality staff, where the demand for skilled workers is highly competitive. Hence a key challenge for Leaders in all business sectors is attracting and retaining employees with the skills and expertise they need to succeed. Fostering a Magnetic Workplace is the responsibility of Leadership – not HR. It requires an intentional approach under Four Strategic Pillars:
Attract
Engage
Culture
Develop
Retain
A magnetic workplace is quite simply a place where people want to come and work, and staff want to stay. In a new post COVID era, it is clear the social contract with staff has changed, but also many traditional attributes that attract and keep staff have been reaffirmed. Creating a Magnetic Workplace is the role of a Leader.
Keywords: Organisational Culture, Leadership, Team Climate, Staff Attraction and Retention