Phillips Consulting Tasks Firms On Talent Retention, Brain Drain

Phillips Consulting Limited has charged Nigerian organisations on reimagining talent experience and retention in order to stem the growing tide of brain drain and ensure talented employees are retained in-country.

Foremost management consultant in Africa, Phillips Consulting in collaboration with HR Directors Network, has tasked government and private sectors to rethink talent management to curb brain drain hitting the nation at the moment.

The firm stated this during the HRDN Quarterly Meetup in Lagos. The event’s main focus was on Reimagining Talent Experience and Retention, and it featured informative talks by top executives and innovative solutions to tackle Nigeria’s competitive struggle for talent.

Rob Taiwo, the Managing Director of pcl., said that “Talent goes where talent wants, and employees have the freedom to choose where they work.” He continued, “In an employee market, companies must offer attractive value propositions that meet the needs of their employees, such as improved compensation, remote work options, and psychologically safe work environments. If companies fail to prioritise employee well-being and job satisfaction, they risk losing top talent to organisations that do.”

pcl. also published a detailed report entitled Talent Management, A New World Order: Shifting Paradigms in keeping with the event’s topic. A result of comprehensive research and data analysis carried out by pcl. using data inputs from their partners, Cambridge University (UK), and YouGov, the paper focuses on the brain drain. The purpose of the report is to give enterprises the resources needed to rethink talent management and improve outcomes for stakeholders and employees.

Olawanle Morenikeji, Partner for People Transformation pcl. expatiated on the theme. He stated, “New actions in managing talents must speak to dynamism, the promotion of belongingness, inclusion, empathy, guts, constant and consistent communication and motivations. Any conceptualization that falls short of actions on the above is destined for failure in the new world of work.”

In his remarks, Paul Ayim, Partner for Digital Learning, pcl. stated that “Creating an environment where your employees can learn, understand purpose, collaborate, and are empowered leads to a positive experience and high engagement”

May 29, 2023