Employee retention is an issue that should be top of mind for leaders everywhere. Sure, depending on your industry or market sector, employee turnover may be a fact of life, but have you ever noticed that when employees leave, it’s never the lousy ones that jump ship? The unfortunate reality is that the ones who are most likely to leave are the ones that are in greatest demand elsewhere. And of course, those are usually your best and your brightest, the ones that you really want to keep!
What are you doing?
So what are you doing for employee retention? What actions are you taking to ensure that your top employees want to stay in your organization? What are you doing to engage them so that your company is their employer of choice? If the answer is “nothing”, then you’re putting yourself at a serious competitive advantage. Because you can bet that those who are departing are going right over to organizations who have taken concrete steps to entice and engage them. In my latest column for The Globe and Mail, published this morning, I lay out five proven ideas to stop your finest from fleeing to what they see as greener pastures.
If you get the print version of The Globe, you’ll find this article on page B13.
Note: if you are a subscriber to The Globe and Mail, you can also read the column directly at their website at this link: https://tgam.ca/2DYzp2F
So I’m well aware that this subject usually seems to get people riled up, primarily because of my assertion that the answer to employee retention and engagement is not “money”. But, as always, even if you don’t agree with me, I’m interested in your perspective and your experiences. So please share by adding your comments below.