Excel Formula Count How Many Times A Specific Number Appears Retaining Top Talent: 7 Tips

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Retaining Top Talent: 7 Tips

Losing your top performers costs time and money. You and your organization cannot let them walk away. Especially now in these highly volatile economic times. How can you keep them? Check out these seven tips:

1. Make sure your top talent is a good match for their job.

A great match includes a strong idea of ​​their professional interests, education and skills, experience, motivation, and commitment to growth. It is not enough to focus on skill sets. Someone might be great at bringing in new business, but if he really doesn’t like that kind of work, then you’re doing both him and your company a huge disservice by putting him in that position. He probably won’t stay.

2. Show top talent how they fit into the bigger organizational picture.

It is difficult for people to function at their optimal level in a vacuum. People need to know that what they do matters. Connect the dots between their work and departmental goals as well as the company’s overall strategic plan. Talk to them about the role they play in the whole scheme of things.

3. Keep the experience fresh.

Take the initiative to challenge your employees in appropriate ways. Allowing them to stay comfortable in a familiar box leads to boredom. When people feel stale, they lose their creativity, vigor, and drive. Once these negatives set in, they tend to lose any loyalty they may have to you. Consciously or unconsciously, they start shopping around to see what’s out there.

4. Recognize and reward excellence.

While paychecks count somewhat, verbal and written recognition for a job well done goes a long way toward retaining the people you want to hire. Find out what means the most to people. Remember that personal preferences are important. Invest enough in your staff to learn what really makes them tick after delivering the top results your organization needs. It’s worth the effort.

5. Build and nurture positive relationships with your employees.

High performance, quality relationships with your employees are like owning a block of gold. In fact, you can’t put a price tag on these relationships. When people feel valued, respected and trusted, they generally want to be in such an environment. You can bet they will think twice about looking for jobs available online. Chances are good that they want to stay close to you. Fat compensation elsewhere does not guarantee a good relationship with the owner.

6. Be aware of work-life balance issues.

Don’t forget the reality that everyone has a life outside of the office. Most people care about their marriage, children, extended family, friends, and community involvement. Caring translates to spending time with these people. One of the best things you can do is show your interest and concern for employees when they are not with you. Support their choice to go home at 6:00 p.m.

7. Connect work contributions to a higher purpose.

This strategy asks you to figure out what makes your top talent as a CEO, vice president, or department head. What makes their juice flow? What drives them to be the best they can be? Once you know the answers to these questions, you can link them to your higher purpose or calling. While this may sound strange, it is important to consider. People are driven by what is most important to them. Engage in these kinds of meaningful conversations.

Retaining Top Talent: 7 Tips

By Sylvia D. Hepler

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