Mercer’s latest study found meaningful gaps between what workers in these emerging cities value when it comes to deciding where to live and work, and what employers believe are important to them
MERCER a global consulting leader in advancing health, wealth and career recently met with thought leaders to have an open dialogue about capitalizing on the growth trajectory of emerging megacities in Africa. Mercer presented its findings at an exclusive event, which took place recently at Radisson Blu Upper Hill of Nairobi, Kenya.
Nairobi is one of the fastest growing cities in Africa with a high youth population that forms the majority of the workforce. Thus, it is important for companies and multinationals in mega cities like this to focus on ways to accelerate talent strategies while meeting the needs of workers.
According to Deon de Swardt, the principal consultant at Mercer, “Not only is it important for employers to promote the transformation by implementing measures that will make an impact and change the mindset, there is also a need to lead multi-stakeholder efforts to address pain points at scale.”
Some of the other highlights of the dialogue centred on guiding principles for rethinking the workforce of the future and how this is critical in building a more sustainable business.
While commenting on the role of artificial intelligence in securing economic opportunities and growth, Pearly Siffel, Strategy, Geographic Expansion Leader International at Mercer explained that “While technology is important, putting people first will better enable organisations to succeed.”
The People First Emerging Megacities report is an extensive study that examines the needs of workers in the world’s fastest-growing cities across four key factors – human, health, money and work. The study also gives a critical insight into the motivations of workers against the backdrop of fierce competition for highly-skilled talent.
Employers believe workers prioritize money and other work-related factors when deciding whether to switch cities. But this isn’t the case. Most important to workers are the human and social factors essential to the quality of life. These include overall life satisfaction, security and safety, and proximity to family and friends. Although workers do rank total income as third, it is the only money factor in the top five.
The study found that 89 percent of workers in Nairobi, Kenya say that having employer-subsidised health and wellness programs is very important to them. 67 percent of workers also rank security, safety, and lack of violence as the top reason to stay in or leave their city.
Although the study’s 15 current and future megacities share some commonalities, some key differences were revealed. Based on performance against the four pillars mentioned above, the cities were grouped into advanced, progressing or approaching in terms of whether they meet worker’s expectations. Advanced cities score well in all four factors, with a small-to-medium gap between workers’ expectations and the city’s performance.
Overall, employers believe career and work opportunities, work satisfaction, and pay and bonuses are the most important to their workforce. But even though these elements may be important to attract and keep workers, businesses must also tailor their solutions, approaches and communications to the individual needs of each group to ensure they feel empathetically understood. For instance, white-collar professionals and graduates are particularly interested in career advice and thrive on interventions such as talent assessments.
– May 14, 2019 @ 18:25 GMT |