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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We respect our clients privacy and only share the details of those clients who have given their blessing. If you would like to know more we can do this F2F or via VC, just let us know your preference. Complete the contact form below, send us an email, or call us. We look forward to hearing from you.
