Episode D5.010 Retaining the Best Talent

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Introduction
Prior to the impacts of COVID-19 job hopping among younger workers continued to increase. In the past the thought was that if you found a good job with a good employer you could make a career working with that organization.  There are many younger workers who move from job to job seeking the opportunities for growth and development by changing employers. 

Depending on the make-up of your workforce, there are some employees who are getting used to working remotely.  More and more companies have had to get comfortable with having and managing a remote workforce. This acceptance of a remote workforce will allow people to change jobs without changing location which will put more pressure on companies for retaining their top talent.

Show Objectives
This week we are talking about retaining your best talent.  Last week we discussed hiring the best talent.  There is a tremendous investment of resources used during the recruitment and hiring process. Now that you have your ideal candidate what do you do now?  You also have other “A players” that are already working in your organization so your retention plans must be able to address the new talent that is coming into your organization and the existing talent. The objectives of this week’s show is have this discussion on developing retention plans for new and existing employees. 

Key Issues

1. Top Grade your employees (search the website), 
2. build a career path - 1. skill mastery for current position 2. skill master for all of the remaining skills in their group - cross training 3. skills for next position, 
3. build a training plan for technical, human, and business skills

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What You Need to Do

1. Surround top talent with other top-talent
2. Develop your managers to build teams and people
3. Develop the vision of the positions that your employees will grow into and then continue to develop your employees with the skills needed for those positions.
4. Company culture – Values and ownership driven
5. Create and environment where you employees can be themselves
6. Develop Personalized Growth Plans at all levels of the organization
7. Be prepared with turnover

Shows
Previous: Episode D5.009 Hire the Best Talent  
Next: Episode D51.011 Quick at Separating Mismatches from Business 

Written by James Bryant

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