Talent Search Partners, Inc.

TALENT SEARCH PARTNERS, INC.

Employee Retention

I’m Taking My Talents To…

In my line of work, I am privileged to speak to a variety of professionals who are passively open to hearing about new opportunities or active in the market. This is of course good for business, but it’s boggling to the mind why business leaders are not doing a better job of providing a career growth trajectory for their best people. You shouldn’t be surprised when a top performer walks into your office with a letter of resignation. Oftentimes, counteroffers are seen as insincere and a tactic used by leaders to prevent a disruption to their business. A true professional will see right through it, thank you for the opportunity, and proceed to their notice period. But why are business leaders allowing it to get to that point and why aren’t they proactive in grooming their talent and finding meaningful ways to keep them motivated? Few companies have figured this out, and the rest are learning the hard way. People stay where they are wanted, appreciated, paid well, and most importantly, where they can see an evolution of their career in the short term. If you’re a business owner or leader of a division, realize that you have the ability to create a roadmap for your best people by engaging in conversations periodically and crafting a legitimate and tangible career path based on certain accomplishments being met along the way. Why should your talent have to look outside of your company to find that next level up when you have the autonomy to create a new role for that individual and pay them accordingly? You are foolishly allowing your superstars to take their talents to South Beach (🏀), and you’ve become a spectator like everyone else. Taking people for granted is expensive. If you think hiring comes at a cost, replacing your best people is even more taxing on your time, resources, and money. If you have the ability to move a top performer into that coveted Vice President role, why not do that? If you are not taking care of your best talent, someone else sure will.

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The Secret To A More Productive Workforce

It’s amazing when you think about the correlation between encouragement and labour… I don’t quite understand how this behavioural phenomenon works, but the results are always the same… A person who feels appreciated, will always do more – this is true 100% of the time. My Mother would often say to me as a child that a little encouragement sweetens labour. Wise words from a woman who understood that the real intrinsic motivator lies in appreciating the effort of others… This often came in the form of cooking lunch for a general contractor who was doing work around the house for us in addition to their regular monetary payment. She always went above and beyond, and some how that encouraged the people around her to do the same… Business Leader – try recognizing the contributions of that employee with a lunch or a gift card for Amazon. If a gift card is not your thing, then a verbal acknowledgement has an equally positive impact on behaviour – “I saw the work you did for this project, and you did an excellent job – thank you!” (followed up with an Amazon gift card 😉)… We’ve done a great job of normalizing excellence – let’s get back to openly recognizing the contributions of our employees and loved ones… Leadership does not need to be treated like a mathematical equation…..this will challenge a lot of engineers!

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We Want You In The Office 5 Days A Week, Or Else!

Talent retention remains a trending topic as we approach a new year. With over 14 years in recruitment, I’ve facilitated career moves at all levels. The common denominator in all of those encounters is a motivator. Motivators in this context are underlying reasons behind a prospects willingness to listen to what I have to offer and ultimately engage in the hiring process. The motivators expressed normally stem from a form of dissatisfaction with their current employer – dissatisfaction can take many forms and varies from person to person. As a Recruiter, understanding a candidate’s motivator is vital to a successful Candidate / Recruiter / Company courtship (yes, in many respects, it is a courtship or voyage to a long-term relationship). Any company can post a job advertisement, screen candidates, and onboard new talent. This process is pretty straightforward. Check out an earlier article I wrote titled, Thanks For Another Great Hire, Troy! So, How Do I Retain This Talent? In it, I tackle the inability of business leaders to cultivate a culture that grooms talent and promotes career path options for their top performers. Most say they have such a career path program in place, but it is seldom monitored and fine-tuned to keep up with market trends and the ever-changing needs of their people. While the motivator is important to my business, it is also a pain point for me as a professional who understands that people are an organizations greatest assets. I’ve seen my fair share of top performers and quality human beings leave companies for reasons that could have been remediated or altogether avoided if leaders cared enough about their people. If a better job was being done in this area, admittedly, I would need to find another day job. Thankfully for me, there will always be a disgruntled employee who wants nothing more than to change companies. Talent retention is just as important to me as talent extraction. My success as a Recruiter is measured against 2 metrics – fill rate and employment past a year. I had a conversation this afternoon with an exceptional candidate who I placed a few years ago who he told me that his employment with the company ended recently because of an internal struggle over them wanting him to be in the office 5 days a week, a condition that was not a requirement when he was originally hired. At the heart of this story and what is most disheartening is an organization’s callous parting with a good technical and character employee for something that could have remained a point of ongoing communication & negotiation. When it comes to working from home requests, I believe in a balance when it makes sense for the parties involved, especially when the performance of that employee warrants it. The point to leaders is for them to remain communicative with their people encouraging open dialogue about their career goals, and making sure that they are aligned with the resources, tools, and training to get to where they need and deserve to be. It is also important not to make all of your policies one-size fits all as it relates to retention. If you decide not to put your employees first, then I can assure you that your competitors will. Related Article – The Great Departure – A Recruiter’s Guide To Retaining Your Best Talent

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