Retain Top Talent
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Retain Top Talent
Hiring top talent is only the start. Now you have to work hard to keep your very best talent. Most companies stink at structured and systematic retention of their top performers. Discover how to prevent turnover and keep your best people.
Curated by Barry Deutsch
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Seven reasons for employee demotivation

Seven reasons for employee demotivation | Retain Top Talent | Scoop.it
Employee engagement and motivation is essential in managing a productive and efficient workplace.
Barry Deutsch's insight:

Are you unconsciously demotivating your employees - scary stats out there - look at Gallup's research that indicates 50-70 percent of your workforce is disengaged - they DO NOT care they work for you. They are trying to get by doing the absolute minimum necessary so you will continue to keep them on the payroll. Disengagement leads to demotivation. What are you doing to re-energize your workforce and allowing your employees to self-motivate?

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Employee Performance Management Tools To Try In 2021

Employee Performance Management Tools To Try In 2021 | Retain Top Talent | Scoop.it
With so many performance management tools, it is crucial to understand which one is right for you. If you are searching for a reliable survey tool, read...
Barry Deutsch's insight:

The number one issue of performance management is that everyone knows what success in their job looks like - what their immediate boss expects of them. We can call these KPIs, outcomes, MBOs - they all translate into a clear, precise understanding of what is expected and how is it being measured.

 

If you have not cascaded down through the entire organization the idea of defining success for every job = you are failing miserably at hiring, retention, productivity, and performance management.

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Centrical Raises $32 Million For The Future Of Work Now

Centrical Raises $32 Million For The Future Of Work Now | Retain Top Talent | Scoop.it
Startup Centrical closed a $32 million funding round led by Intel Capital and JVP...
Barry Deutsch's insight:

I am always in search of technology applications that raise employee effort, motivation, learning, and performance. Are you in a constant search evaluating these tools for enhancing the capability of your workforce, whether you have 15 people or 1500?

 

I heard a speaker in my Vistage group make the claim that every company was now a technology company. If you truly want to unlock the potential of your workforce - old school methods are no longer effective. Without leveraging technology you'll be left in the dust.

 

I am in shock how many of my clients are still doing things old school - such as no technology in managing success factors, rewards and recognition, or skills/knowledge inventories layered with a learning platform. How about all the on-boarding that is still manual and paper driven? The tools are out there to boost the productivity of your workforce and they are very cheap when compared to the increased output.

 

This article showcases one example of a tool that is becoming more popular for training, learning, and development - particularly in a work at home or hybrid work structure.

 

What's your next move to embed technology to unlock your workforce productivity?

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Glossy work: The toxic glamour of fake job hype | HRD Canada

Glossy work: The toxic glamour of fake job hype | HRD Canada | Retain Top Talent | Scoop.it
Does the reality of your job not match the hype?
Barry Deutsch's insight:

The problem I see is not an overstatement of the job or hype - it's the opposite. Most companies market their jobs with job descriptions describing the work in boring, mundane, repetitive terms which are basically convey you as an employee will have any value -and you will not matter significant to your boss, team, customers, or organization. Obviously, your job ad/marketing statement must align with the real role. However, most job descriptions are not compelling. They are a disgusting, revolting, repulsive, and repugnant tool to atttract top talent = great employees.

 

Why would I raise my hand unless I'm desperate for a job. You must describe work in more compelling terms by addressing what would employees at that level want from a new job - is it being challenged, is it job security, is it working with a great team of people?

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Top 10 Reasons You Should Adopt Employee Net Promoter Score

Top 10 Reasons You Should Adopt Employee Net Promoter Score | Retain Top Talent | Scoop.it
Why is Employee Net Promoter Score (eNPS) important? We share 10 reasons eNPS should be part of your employee feedback strategy.
Barry Deutsch's insight:

I've published a number of articles on tracking nEPS as a metric to measure the success of your initiatives around employee experience and engagement. If you can't measure it, it's probably not worth managing. How do you track the success of your talent management initiatives?

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Employee Recognition is Key to Fighting Turnover

Employee Recognition is Key to Fighting Turnover | Retain Top Talent | Scoop.it
Learn how real-time employee recognition is an effective fiscal measure in fighting the costly impact of employee turnover.
Barry Deutsch's insight:

Although the example used in this article was about dissatisfaction among nurses not finding meaning in their work" the exact same issues affect your employees regardless of industry. Are you leveraging recognition and appreciation to motivate, engage, and help show employees how they matter to your success?

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How To Implement Culture Change In A 70-Year-Old Company—Without An Employee Rebellion

How To Implement Culture Change In A 70-Year-Old Company—Without An Employee Rebellion | Retain Top Talent | Scoop.it
New leadership can mean all kinds of changes at an organization, but the hardest one by far to create and sustain is culture change.
Barry Deutsch's insight:

Some key points in this Forbes article about culture change. How do you adapt to a post-Covid world? How do you integrate the baby boomer managers with staff of younger generations? How do make significant strides forward in employee effort, productivity, and engagement?

 

The author doesn't talk a lot about specific strategies, but rather the change management elements of having a plan and communication - 2 of the key reasons why 80 percent or more of cultural initiatives fail miserably.

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How to Use Employee Spotlights to Grow Sales

How to Use Employee Spotlights to Grow Sales | Retain Top Talent | Scoop.it
Employee spotlights are a great way to show appreciation to your employees, but they can also boost sales. Here's how to create them.
Barry Deutsch's insight:

Here's an interesting I had not considered before regarding employee recognition - employee spotlights. There seems to be many ways to use these from on-boarding, to team recognition, to recognizing specifc employees who knocked it out of the park. A lot of faith-based communities use this technique to enable relationships to be built among their members. Have you thought of strengthening your employee at-work relationships through the idea of employee spotlights - particularly since strong work relationships is a key component of high-performing teams.

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WFH: Get ready for the WFH appraisal season: Smart tips for managers to assess employee performance

WFH: Get ready for the WFH appraisal season: Smart tips for managers to assess employee performance | Retain Top Talent | Scoop.it
Inspiring employees to remain engaged and productive is a growing issue....
Barry Deutsch's insight:

Almost all of my clients are struggling with giving effective feedback and conducting on-going performance management. This article emphasizes some of the key points to having a discussion around performance with your team members. I like the idea of showing empathy as a starting point.

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Half of workers say HR policy doesn't support pandemic working | theHRD

Half of workers say HR policy doesn't support pandemic working | theHRD | Retain Top Talent | Scoop.it
Half of workers say HR policy doesn't support pandemic working.Dissatisfaction rises 81% of employees despite organisation did a good job...
Barry Deutsch's insight:

Is there an increasing trend of employees being disappointed in their employer's response/support of working from home? How does this effect productivity and engagement in the coming hybrid work environment?

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What is the Best Employee Onboarding Process

What is the Best Employee Onboarding Process | Retain Top Talent | Scoop.it
The best employee onboarding process will steer new hires toward success in their roles and create alignment with a company’s values.
Barry Deutsch's insight:

Have you given thought to improving your on-boarding process? How do you create a scenario in which the new employee thinks they've made the best decision of their life to join your organization - from the moment of the offer to their first 90 days on the job.

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Proving the Value of Employee Engagement

Proving the Value of Employee Engagement | Retain Top Talent | Scoop.it
Patti P. Phillips and Jack J. Phillips No topic is more frequently discussed in the talent development area than employee engagement. Articles, conferences, and books are filled with issues about employee engagement, usually for good reason. Fully engaged employees will remain with their organization, be more productive, deliver better quality, and be more efficient. In […]
Barry Deutsch's insight:

I am a huge proponent of measuring and evaluating. My experience in executive search is that over 80 percent of executive level initiatives - in manufacturing or HR - fail miserably to have a significant impact. One of the primary reasons is that we don't use metrics, KPIs, and data to be informed of our decisions, initiatives, execution, and impact.

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How to Keep Employees Engaged During COVID-19

How to Keep Employees Engaged During COVID-19 | Retain Top Talent | Scoop.it
How do we adapt without compromising employee engagement?Here are 4 tips on how to reinvent your company culture and have better employee engagement:...
Barry Deutsch's insight:

I've done about 75 workshops since mid-March on Managing Remotely in a Crisis covering similar points for Vistage groups and members.

 

Some really good ideas here that most companies are violating during Covid and remote work. First, building trusting relationships through effective one-to-ones, and showing a little bit of caring, sensitivity, and empathy by not making every conversation about goals and KPIs - building this conversation through effective use of video and chat technology. Are you failing to engage your workforce for the highest productivity levels because you're failing on some of these most basic elements of managing remotely?

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How To Avoid Employee Paranoia In The Workplace

How To Avoid Employee Paranoia In The Workplace | Retain Top Talent | Scoop.it
7 measures leaders can employ to reduce employee paranoia over losing their jobs, a fear that can adversely impact productivity and growth.
Barry Deutsch's insight:

I liked this article. It addresses the proverbial "elephant in the room" with many of your employees. In my executive search practice, I am amazed at the sheer number of folks who are willing to talk about future opportunities because they are scared they might lose their current job through a RIF.

 

Some good ideas here to reinformce positive thinking. Obviously, you can't make guarantees - but you can go a long way to show people who important they are, how they matter, and how much you care.

 

What's your plan?

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8 Powerful Employee Recognition Ideas Your Staff Will Love

8 Powerful Employee Recognition Ideas Your Staff Will Love | Retain Top Talent | Scoop.it
Employees are a company’s most valued asset, and if they feel unappreciated, retention becomes a big problem for organizations.
Barry Deutsch's insight:

Do your employees feel underappreciated? Are you aware of your practices around the elements listed in this article. Is it time to take a hard look at whether your culture is one of appreciation, gratitude, and thankfulness?

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Employers failing at employee appreciation

Employers failing at employee appreciation | Retain Top Talent | Scoop.it
Workers are looking for appreciation, but many say their company doesn't recognize them or offer incentives.
Barry Deutsch's insight:

Wow - catch this quote in the article:

 

"Yet more than 40% of respondents say their employer does not offer an incentive/rewards program or recognize employees."

 

In my workshops on employee engagement (productivity) I teach that having a rigorous reward, recognition, and appreciation program is second to helping employees understand what is expected of them.

 

Why do so many organizations fail at appreciating their employees?

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Nine ways to level-up employee recognition in the remote workplace

Nine ways to level-up employee recognition in the remote workplace | Retain Top Talent | Scoop.it
Here are three fundamentals of effective employee recognition and creative ways managers can show appreciation for their team today. ...
Barry Deutsch's insight:

Many companies have very weak non-monetary reward and recognition programs. Here are some ideas to experiment with for boosting employee engagement in your organization (I use the phrase employee engagement to be an alternative to employee productivity). Next to not defining success, a lack of a rigorous process for employee appreciation and recognition is the next biggest mistake I see at most companies in regard to employee engagement and productivity.

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Employee engagement in the last leg of the pandemic and beyond

Employee engagement in the last leg of the pandemic and beyond | Retain Top Talent | Scoop.it
How can employees remain motivated and resilient despite the challenges ignited by the COVID-19 pandemic?
Barry Deutsch's insight:

Key take-away from this article is the idea that companies should be focused on talent management - the entire range of an employee's experience. My personal perspective is that most organizations are still stuck in a 1970s model of management and culture. How do we continue to keep employees learning, growing, being challenged, and motivated?

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Cultivating culture in a remote workplace

Cultivating culture in a remote workplace | Retain Top Talent | Scoop.it
Our partners at Purple share how they've been cultivating culture, even throughout the pandemic.
Barry Deutsch's insight:

There are some interesting ideas here related to engaging, appreciation, and recognition. Are you pursuing any of these initiatives for your culture/team?

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The Most Important 2021 Employee Engagement Trends

The Most Important 2021 Employee Engagement Trends | Retain Top Talent | Scoop.it
This will be a momentous year for employee engagement, an issue that nearly every organizational leader has thought about recently. Learn about the most influential trends that will help employees feel like part of a larger mission, grow professionally, and understand the impact they make on others.
Barry Deutsch's insight:

Interesting elements of employee engagement to think about for the coming year. Where do you stand around significant initiatives on each of these key points? The job market is starting to heat up again in anticipatin of Covid ending. Are you prepared to retain your best performers or if you do nothing is there a risk of some of these folks being poached?

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9 Best Practices for Onboarding New Employees

9 Best Practices for Onboarding New Employees | Retain Top Talent | Scoop.it
Onboarding isn’t just dropping off an employee handbook; it’s an intentional framework for future employee success. Learn how to create a great onboarding experience for new employees with these best practices.
Barry Deutsch's insight:

One of the elements I find most companies fail at in the hiring and engagement process is the bridge experience between them of on-boarding. How do you help your new employee feel like they've made the best decision of their life to join your organization. Here are some simple ideas/reminders of things to be done during that first 90 days so your new employee doesn't have "buyers remorse".

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The Five Fundamentals Of Employee Satisfaction

The Five Fundamentals Of Employee Satisfaction | Retain Top Talent | Scoop.it
Satisfied employees stay longer and do better work. You can help motivate employees and provide deeper satisfaction by managing the things that really motivate people at work.
Barry Deutsch's insight:

Although I've been beating the drums in my workshops on employee retention, engagement, and productivity around these concepts in the article based on Gallup's research in First Break All The Rules, the authors at BambooHR phrase it a little differently. This article serves as a great reminder of the key elements that drive employee engagement and productivity (I would rank understanding performance expectations NUMBER ONE).

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How To Sustain Company Culture In A Hybrid Work Model

How To Sustain Company Culture In A Hybrid Work Model | Retain Top Talent | Scoop.it
Hybrid work is likely here to stay, and as a result, leaders will need to be intentional about how to create and sustain constructive and productive cultures....
Barry Deutsch's insight:

Good article from Forbes pointing out key issues to sustain your culture in a hybrid model of part-time and full-time tele-commuters. How do you connect people to purpose, accountability, and shared experiences when they are seperated from their bosses, peers, and subordinates?

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Employee Recognition: The Key to Customer Satisfaction

Employee Recognition: The Key to Customer Satisfaction | Retain Top Talent | Scoop.it
Employee recognition is crucial to companies' business success. Learn in what specific ways it improves customer satisfaction.
Barry Deutsch's insight:

Many Vistage size companies treat recognition and non-monetary rewards like it's an afterthought. Many abandoned whatever they were doing when Covid hit. My belief is that you should double down on recognition when some or all of your workforce is virtual. The thing I liked most about this article was the linkage between recognized employees/engaged employees and customer satisfaction.

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6 super successful people who were fired from their “dream job”

6 super successful people who were fired from their “dream job” | Retain Top Talent | Scoop.it
From Anna Wintour to Mark Cuban, here are a handful of well-known visionaries who got their real start only after being fired.
Barry Deutsch's insight:

Interesting article about failure leading to success. I've been a deep reader of ideas around "failing forward" over the years. One of my core interview subject areas I recommend that clients probe is failure and the learning that comes from it. How people demonstrate resilience around failure. My own experience is that I got fired from my first job out of  college.

 

How has failure lit a fire under you and contributed to your success?

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