Talent Retention: What is your plan?
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People Performance
April 26, 2024
In 2021 the ‘lack of quality talent’ was named as the largest internal obstacle, second only to pandemic-related disruption.
People are the heart, head, and muscle within every high-performing organisation with empirical evidence directly linking HR practices and ‘superior firm performance’ (Boselie & Paauwe, 2009, p.424). Talent retention is evidently a widespread issue with consequences detrimental to the success of an organisation.
We interviewed senior management leaders from a multitude of industries to understand their perspectives on this problem. Within the retail industry, one leader commented the ‘key focus (is) on retaining top talent. Help(ing) managers and leaders have better conversations. We’re not good at sharing the tricky stuff.’
Fortunately for you, Masters in Minds are good at the tricky stuff.
We have proven time and time again the effectiveness of both our team and methodology. We have increased productivity within our clients’ organisations by 118%, increased business retention by 200%, and reduced staff turnover by 6%.
A key way to address the ongoing talent retention problem is through learning and development. This engages, motivates, and increases the productivity of staff meaning employees feel valued and content with their career progression within the organisation. Tech companies in the US have embodied this tactic by funding their young people through university. However, this training and development can be effective with any employee at any age, out-with academic education.
Here are a few questions to ask yourself;
So what are your organisation’s talent retention strategies?
If none spring to mind, you’re probably not doing enough and this may be why you are losing your best people to others who will.
To retain superior talent, choose superior consultants.
Get in touch today and let’s explore the opportunities together.
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People Performance focuses on understanding human behaviour, optimising team dynamics, and enhancing organisational effectiveness through psychological principles and performance management strategies.
Organisational Performance is a measure of how effectively an organisation achieves its goals, enhances productivity, and experiences growth through efficient processes, strong leadership, and employee engagement.
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Ignite your organisation's potential with us. Our experienced consultants are ready to help you enhance efficiency, boost growth, and create a thriving workplace culture. With cutting-edge tools like Mindset Indicator Monitor, MiMLaaS, and Johari360, we offer tailored solutions to meet your unique needs. Whether you're looking to improve employee engagement, streamline operations, or develop leadership skills, we're here to support you every step of the way. Don't wait—reach out today and discover how we can transform your business. Chat with us now and start your journey to success!
