Retention of your critical talent is one of the top talent management concern in today's global economy. The true ROI of top talent isn't realized if that talent leaves. Add the significant cost of replacing talent to the loss of skills and institutional knowledge when top performers leave, and the importance of retention becomes even more manifest. These factors, coupled with the rapidly changing demographics of today's workforce as the Baby Boomer generation begins to leave in significant numbers and the Millennial generation makes its presence increasingly felt, demand that savvy leaders understand the dynamics of retaining talent and know how to manage talent with retention as a goal.
Recommended Retention Resources
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In the modern workplace, let’s be honest, there are only 2 certain ways for communications professionals to clock out: retire or take a hammer to your phone! This is no surprise considering the impressive number of workers who find it nearly impossible to unplug from work, both at the end of their “work day,” and when they go on vacation.
It's only natural that we seek a sense of belonging in our neighborhoods because our home is a place where we not only seek shelter and safety, but a place where we hope to live the life we envision for ourselves and for those dear to us. But what about in our organization? In the places where we work? How many of us try to engender and nurture a sense of community among the people we lead and work with? Shouldn't there also be a drive to create the kind of environment where we not only collectively succeed, but thrive?
These are testing times for organizations and those that lead them. Recession and economic turmoil in some parts of the world, and rapid growth in others, have changed the rules of business.
It’s become increasingly clear that ...Read more
Explore Podcasts, Webcasts and Executive interviews from the Human Capital Institute (HCI) to learn best practices and new ideas from thought leaders on employee retention. Click on the titles below to view content.Read more
Competency models and career development initiatives are prevalent in many companies. However, they often fail to create meaningful change in the behaviors of leaders and employees because they are not viewed as an essential part of business ...Read more
To remain competitive in a volatile economy, organizations must often shift from aggressive, growth-oriented strategies to focus on internal operations, people and process to ensure they are prepared to grow sustainably when the time comes. In ...Read more
It takes a courageous leader to truly develop others – to look outward and want to share something bigger. True leadership involves drawing out the greatness in others - even when people do not believe in their own greatness. This is why it's crucial to share victories with everyone. So what conversations can you have that will effectively share organizational wins?
The first lesson learned by every new leader, one that should be permanently tattooed onto their gray matter, is that by virtue of occupation they have inherited a simple, high school physics problem - There are more of “them” than there are of you. Repeat, there are more of “them” than there are of you. Translation - You are outnumbered, perhaps vastly by the group of people whom you are expected to lead. You shouldn’t let that rattle you, but neither should you forget it.
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