Navigating a Dynamic Workforce: a deep dive into Yettel’s experience

The latest Research Paper “Navigating a Dynamic Workforce” from Top Employers Institute analyses the latest trends in the changing nature of the workforce and how employers can navigate and adapt to a dynamic workforce while maintaining employee engagement and success. In the report, we can recognize 5 main recommendations for those organizations that want to keep up with the always evolving world of work.Let’s start focusing on two of them:Support employees with directing their own career evolutionProvide resources that promote self-directed learning to all employees Perfectly aligned with the trends from Top Employers Institute latest Research, one of the core values for Bulgarian Top Employer Yettel is a profound commitment to nurturing its employees' potential, fostering growth, and facilitating impactful contributions.This dedication is not merely a statement but a lived reality, ingrained within the company's HR strategy and reflected in its array of innovative programs and policies.The implementation of this promise is evident through several flagship initiatives:Educational Grants: Yettel invests substantially, nearly BGN 100,000 annually, in educational grants for its employees as part of this program. These grants provide access to expert courses and prestigious international professional qualifications across various categories (expert qualifications, chartered qualifications, as well as two categories for managers – mini MBA and Executive MBA), empowering individuals to enhance their skills and expertise.Meet a Mentor: Highly experienced professionals, including Chief Officers, step into a mentor’s role, guiding high-potential talents over a four-month period. This initiative not only fosters a culture of mentorship but also ensures the retention of valuable organizational knowledge and expertise.Leadership Academy: The Path to Leadership, a 6-month academy, serves as a cornerstone for new managers and team leaders, equipping them with comprehensive training modules both internally and externally. This initiative nurtures effective leadership skills essential for driving success within the organization.Academies for New Skills and Knowledge: Yettel provides access to a diverse range of academies catering to various skill sets and knowledge domains. From project management to e-marketing, these academies offer materials, videos, and live training sessions, ensuring continuous learning and skill enhancement for all employees.Yettel's dedication to employee development led to remarkable results: data from 2023 shows that 31% of headquarters staff demonstrate unwavering loyalty, spanning over a decade, a testament to the organization's supportive culture and growth opportunities. Moreover, over 80% of managers ascend internally, showcasing Yettel's emphasis on nurturing talent from within. Additionally, in the past year, 160 colleagues collectively invested 2.225 hours in leadership training, over an impressive total of 76591,57 hours for all employees, a testament to the company's proactive approach in fostering effective leadership and team management skills.From this deep dive into Yettel’s experience we can see how important is for organizations to always be informed about the latest people practices and we have a great demonstration of a Top Employer striving for HR excellence and trying to create a better world of work.Get inspired by the Top Employers community and don’t miss the full version of the Report “Navigating a Dynamic Workforce” with 2 more recommendations to keep up with the always evolving world of work trends supported by data and insights that will enhance your HR processes. Download it now!