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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5 Ways to Beat the Great Resignation by Boosting Employee Engagement 

5 Ways to Beat the Great Resignation by Boosting Employee Engagement  | Retain Top Talent | Scoop.it
If the Great Resignation has taught us one thing, it’s that people aren’t willing to stay in jobs they hate. But why are so many people deciding to throw in the towel and move on to greener pastures?The answer is simple: it’s a combination of factors that all add up to make quitting your […]...
Barry Deutsch's insight:

The steps to fixing the problem that 50 percent of your workforce is looking for a new job are fairly simple. The challenge that I have is why are more companies not implementing these initiatives now?

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How 4 Leaders Are Building Greater Transparency Into Their Businesses

How 4 Leaders Are Building Greater Transparency Into Their Businesses | Retain Top Talent | Scoop.it
Today, transparency is critical for improving client and employee satisfaction, retention, and engagement. Here's what a few forward-thinking leaders have been doing to build it into their operations.
Barry Deutsch's insight:

What a novel concept - transperancy and trust. Maybe starting with groups defining goals and outcomes together for each team member. Most companies treat employees like they are mushrooms in a dark cave.

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What is the Performance Management Cycle?

What is the Performance Management Cycle? | Retain Top Talent | Scoop.it
The performance management cycle helps set your employees up for success and continued growth and development. Find out the cycles of an effective performance management system.
Barry Deutsch's insight:

Interesting model for performance management. Would some of these ideas help to improve the process, tracking, and reporting of performance management.

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36% of U.S. Workers Plan to Leave Their Jobs in 2023: Weekly Stat

More than a third of employees are staying, however, due to positive relationships with their companies and co-workers.
Barry Deutsch's insight:

Are you prepared for 1/3 of your employees to leave in 2023 - the number of employees disengaged and hunting for greener pastures is accelerating. What initiatives are you putting in place to counter this trend?

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Make More Money and Retain Top Talent With These 3 Tips

Make More Money and Retain Top Talent With These 3 Tips | Retain Top Talent | Scoop.it
Due to the Great Resignation, high performers are looking for better jobs. Here's how to keep top talent, make more money and grow your business simultaneously.
Barry Deutsch's insight:

A significant number of employees look for greener pastures when they don't feel they are growing. I think the authors of this article misinterpret growth as company expansion vs. personal job growth. I have yet to see a company that can't provide additional job growth in every role - autonomy, flexibility, learning, training, projects, challenges, asking for higher performance, coaching for the next job expansion. When people feel like they are stagnating - they are open to considering leaving. How many of your employees are stagnating?

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How to Build High-Performing Teams and Retain Top Talent with Snowflake Global Director of Market Intelligence Guan Wang (Video) Sastra

How to Build High-Performing Teams and Retain Top Talent with Snowflake Global Director of Market Intelligence Guan Wang (Video) Sastra | Retain Top Talent | Scoop.it
“People are an organization’s most valuable asset.Building high-performing teams and retaining top talent requires every leader to have a strategic...
Barry Deutsch's insight:

Here is the quote that captured my interest in this article: "Building high-performing teams and retaining top talent requires every leader to have a strategic playbook".

 

I find that most companies cross their fingers and hope for the best. There is not insightful playbook, strategy, tactics, or action plans. Hope and luck is not a great strategy. Is it any wonder that most executives are fed up with the talk of employee engagement and employee experience since they are failing miserably at moving the needle.

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7 Employee Engagement Tips From The Happiest Organizations

7 Employee Engagement Tips From The Happiest Organizations | Retain Top Talent | Scoop.it
We asked our TINYaward winners for tips on how they accomplished a successful workforce. Here's what they had to say!
Barry Deutsch's insight:

Some good points in this article about feedback and listening. Many employees feel disengaged because they either don't feel they are heard, or their manager is not providing useful feedback to improve. Is this an awareness issue, a cultural issue around communication, or perhaps a basic training managers need?

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We’re at the Start of a Human Revolution

We’re at the Start of a Human Revolution | Retain Top Talent | Scoop.it
The sun does not revolve around the earth and a thriving life does not revolve around work. By Arianna Huffington, Founder & CEO of Thrive Welcome to the Human Revolution.
Barry Deutsch's insight:

Good article by Arianna Huffington on the idea that work still be a place for passion and energy without being completely defined by it. How do we as companies ensure we're contributing to our employee's well-being, mental health, stimulation, and self-motivation?

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LinkedIn’s new tool promotes hiring internal candidates

LinkedIn’s new tool promotes hiring internal candidates | Retain Top Talent | Scoop.it
Human Resources and Workforce Management News...
Barry Deutsch's insight:

The quote that grabbed me in this article "Employers that fail to make internal hiring processes fair could drive employees away". How far do you go to promote and develop internal candidates vs. always reaching to the outside?

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How Top Employers of 2022 Are Driving Employee Engagement

How Top Employers of 2022 Are Driving Employee Engagement | Retain Top Talent | Scoop.it
Out of ideas on how to improve employee engagement? Learn How Top Employers of 2022 are Driving Employee Engagement in this blog post.
Barry Deutsch's insight:

Just a few examples of why some companies are rated as one of the best places to work. Can you claim in your local community that you're a best place to work. Many of the most successful Vistage companies I consult with have won these type of rewards over and over - they don't have a problem finding and keeping great people. What is it going to take to put your company in this space?

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Redefining When Work Happens

Redefining When Work Happens | Retain Top Talent | Scoop.it
Competing for talent in the current climate means that CEOs must rethink the whole notion of company time.
Barry Deutsch's insight:

An interesting article from Chief Executive Magazine challenging our concept of flexibility in working. When will you make the shift from doing bed-checks on employees because you don't trust them to a more flexible type environment?

 

As the war for talent continues to heat up over the next few years, is your older generation, old-school, command-and-control structure going to be able to adapt to the new demands of the younger generations expectations about work?

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Meaningful Work: Why Your People Are Quiet Quitting And What To Do About It

Meaningful Work: Why Your People Are Quiet Quitting And What To Do About It | Retain Top Talent | Scoop.it
When work is meaningful, people stay and give you the best they have to offer.
Barry Deutsch's insight:

I agree 100 percent with this author that quiet quitting (giving you the rock bottom level of productivity I think you'll tolerate without firing me) is just a new hot term for an old problem - disengagement.

 

The author points out "This year in the U.S., employee engagement dropped for the first time in more than a decade with just 34% of workers reporting themselves engaged."

 

What are you doing to correct this downward trend in your company. The crying shame is that your seeing weak effort and productivity from 65-70 percent of your workforce. The problem is only going to get worse unless we start reversing the trend - what's your first step?

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Bouncing Back From A Toxic Work Relationship

Bouncing Back From A Toxic Work Relationship | Retain Top Talent | Scoop.it
The No. 1 reason people leave their jobs, according to MIT’s Sloan School of Management, is due to toxic workplace culture. The research found that a toxic environment is 10.4 times more likely to contribute to attrition.
Barry Deutsch's insight:

I disagree with the article's premise that a toxic work place environment is the number one reason people leave jobs. I think the number one reason is a lack of understanding what's expected.

 

However, a toxic work environment clearly is a contributing factor to an employee seeking greener pastures. How toxic is your work environment? What are the things you tolerate in employees - back talk, anger outbursts, discrimination, passive-aggressive behavior, finger pointing - it's a long list.

 

You are what you tolerate! Are you inadverently creating a toxic work environment by sticking your head in the sand?

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How to Build Right Workplace Culture for Remote Employees

If you're managing a remote team or plan to start one, it's important to build the right workplace culture for remote employees. Here are some tips for doing so.
Barry Deutsch's insight:

In a few of my recent Vistage Presentations on retention and employee engagement titled "You're the Person We Want to KEEP". many of the members of the group lamented the remote/hybrid workforce and the disconnect from the culture of the mothership.

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Guide to Measuring Employee Engagement ROI [with Calculator]

Guide to Measuring Employee Engagement ROI [with Calculator] | Retain Top Talent | Scoop.it
The ROI of employee engagement is multifaceted, affecting productivity, profitability, quality and more. Learn what to measure & use our free ROI calculator!
Barry Deutsch's insight:

I am a huge proponent of measuring what we manage - especially around hiring and retention/engagement initiatives. Are we moving the needle forward on our efforts and activities to improve employee engagement? Would some of these metrics/KPIs help to shift direction, focus initiatives and resources, and tell us whether we are hitting our goals?

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30 Best Employee Engagement Ideas for Modern Teams

30 Best Employee Engagement Ideas for Modern Teams | Retain Top Talent | Scoop.it
If you’re looking for ways to boost your company culture, check out these 30 employee engagement ideas for a more committed and collaborative workforce.
Barry Deutsch's insight:

Some more ideas around employee engagement and keeping remote/hybrid workers connected.  In my workshop yesterday on retention and engagement - one of the big questions was "What can we do - how do we reconnect folks out of the office back to the mother ship?"

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How to Make Better, Frequent Employee Recognition a Daily Habit

Frequent employee recognition, not only leads to better employee engagement, it also helps to build habits worth repeating.
Barry Deutsch's insight:

Great article on employee recognitiion linking back to Gallup research on employee engagement. Just spent 30 minutes on this subject today within my workshop titled "You're the Person We Want to KEEP" with Erin McGrath's CEO Vistage Group in the San Francisco area.

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60 Best employee engagement ideas & activities | Surf Office

60 Best employee engagement ideas & activities | Surf Office | Retain Top Talent | Scoop.it
An engaging working environment is influenced by the same four components that lead to happiness in everyday life: Order, Physical health, Affiliation, Meaning.
Barry Deutsch's insight:

My clients are constantly asking me what can we specifically do to improve employee engagement. Here's a great list -pick one and try, Experiment, adapt one of these, don't be afraid to innovate. What's the downside?

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How to Use Social Media to Boost Employee Engagement | Social Hire

How to Use Social Media to Boost Employee Engagement | Social Hire | Retain Top Talent | Scoop.it
Social media is a remarkable tool, and modern businesses all over the world are using it to engage employees -- here's how.
Barry Deutsch's insight:

I did a workshop on Monday for the management team of a client on how to engage and retain employees. One of the questions I challenged them on was if they were fully leveraging technology for communication, team building, and culture? Social media, as this article suggests, is one of those technology platforms we should be leveraging in this evolving hybrid/remote work environment.

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Want engaged staff? Look for these traits when hiring

Want engaged staff? Look for these traits when hiring | Retain Top Talent | Scoop.it
Job engagement is a 50-50 issue: You have to choose the right motivators to keep staff inspired, but you also have to hire people with certain key traits.
Barry Deutsch's insight:

I could sum up a lot of the traits mentioned in this article as self-motivation. The best show initiative, proactivity, inquisitiveness, wanting to have an impact, anticipatory behavior, challenging the status quo. 

 

These are your "pareto employees" where you get 80 percent of your outcomes and results. Very few companies measure this trait f self-motivation in the interview deeply enough. It's probably one of the major reasons most research shows that 50% of hiring fails to hire someone who can deliver the desired results.

 

In tracking over 250000 candidates through 1000 executive searches in 30 years, my partners and I have discovered that this one trait is the greatest differentiator between average/mediocre people and top performers at every level.

 

When will you start adding questions in your interviews to measure self-motivation?

 

 

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Reward, Repeat, Retain: Best Remedy for Churn? Employee Recognition

Reward, Repeat, Retain: Best Remedy for Churn? Employee Recognition | Retain Top Talent | Scoop.it
It’s simple—what gets rewarded gets repeated. But what seems self-evident to our team at 1Huddle is far from obvious to many employers.
Barry Deutsch's insight:

What could be more simple - reward and recognize. Number 2 reason for dissatisfaction after Number 1 - not knowing what's expected of me.

 

Why don't more companies implement initiatives around reward and recognition. What's wrong with giving people praise when they do a great job.

 

Why is thanking people and showing gratitude something we reserve for the annual awards picnic or performance review - why can't it be a continuous process?

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What is ‘quick quitting,’ anyway?

What is ‘quick quitting,’ anyway? | Retain Top Talent | Scoop.it
You’ve probably heard about quiet quitting, but there’s another quitting trend out there to contend with.
Barry Deutsch's insight:

One of the trends that has shocked many of my clients is how fast folks in the younger generations are willing to quit compared to the baby boomers who hung on forever - even in toxic work places. The younger generations vote quickly with their feet when the work environment doesn't match up with what they were told in the interview. How much has your culture/work environment evolved over the last few years to meet the needs of younger workers in terms of culture, values, flexibility, feedback, and communication?

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How to Write a Resume that Recruiters Will Read

How to Write a Resume that Recruiters Will Read | Retain Top Talent | Scoop.it
If a movie, book or blog can grab my attention immediately, then I'm hooked and will follow the story all the way through. The same idea applies to your resume—you need to write a compelling story that entices readers from the start.
Barry Deutsch's insight:

As a recruiter with 30 years of experience, 250,000 interviews with my partners, and well over 1000 executive search assignments, I must politely disagree with the recommendations of this author.

 

Most managers take less than 10 seconds to review resumes. They are not interested in stories and verbose descriptions. They want to see bullet points of how your experience and skills match exactly what they described in their posting. Secondly, the higher up the food chain you move, they want to see bullet points of results, change, impact, and outcomes that are quantifiable. Short, crisp, hard-hitting proof.

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A Better Way to Recognize Your Employees

A Better Way to Recognize Your Employees | Retain Top Talent | Scoop.it
Although most great managers want to recognize their people, the challenge, which has only been made more difficult in the hybrid world, is finding meaningful things to recognize them for. The limitation to our typical approach to praise is that we can only recognize what we see, observe, or learn...
Barry Deutsch's insight:

If HBR thinks this is important - shouldn't we take a step back and consider whether we are doing enough to recognize our employees?

 

"A recent study found that employees who reported that their managers were great at recognizing them were more than 40% more engaged than those with managers who were not."

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Peer Recognition: 5 Ways To Implement This Incredible Practice

Peer Recognition: 5 Ways To Implement This Incredible Practice | Retain Top Talent | Scoop.it
Implementing peer recognition into your day to day operations is a must. Go through this brief list and find out how you can inspire peer recognition.
Barry Deutsch's insight:

A key element of a strong non-monetary reward and recognition program is a peer to peer recognition element. How strong is your program?

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