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Leadership for Life – Retention
Our Leadership experts will be sharing tips and insights for everyone, at any station in life, at both home and work. Leadership for Life – the skills you embrace represent who you really are at all times.
Today’s smart leaders realize that holding on to their skilled employees and reducing turnover is smart business. Employees nowadays are less concerned about longevity with a particular employer, and more concerned with working conditions and fair compensation for their efforts.
What do employees want? They want to have meaningful input on workplace issues that affect them directly. They want better life/work balance. They want to be paid well. They want the opportunity to move up in the organization.
The bad news for employers these days is that employee loyalty is down. Employee engagement is sickly. Competition for talent is up. What to do?
Have you considered some sort of employee loyalty program? If we can offer customer loyalty programs (buy 10, get one free) to customers, why not offer employees something similar?
Do you conduct exit interviews with employees who are quitting? Have you considered “stay interviews” with employees you really want to keep?
I came across a great blog post that sums up why talented people leave organizations. Try it – you’ll like it! http://www.forbes.com/sites/ericjackson/2011/12/14/top-ten-reasons-why-large-companies-fail-to-keep-their-best-talent/
I’m interested in what leaders are doing to reduce turnover and improve employee engagement. Send me (bschapiro@stlcc.edu) your best ideas, and I’ll feature them in a future post.
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