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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Scooped by Barry Deutsch
December 1, 2023 12:01 PM
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How To Transform Year-End Reflections Into New Year's Innovations

How To Transform Year-End Reflections Into New Year's Innovations | Retain Top Talent | Scoop.it
Don't simply wish for a Happy New Year - make it happen! Discover the art of conducting a year-end reflection with your team that will ignite your path to success.
Barry Deutsch's insight:

Here's an interesting article in forbes online.

 

"a staggering 60-90% of strategic plans never fully materialize. Moreover, our ability to predict the future is often flawed. In fact, around 40% of CFOs surveyed admitted that their forecasts are usually inaccurate and time-consuming."

 

My research indicates that 80 percent of all corporate tactical initiatives - IT, mergers, acquisitions, new product launches - fail miserably. It comes down to a lack of execution.

 

My focus is on why do most employee engagement initiatives fail horrifically to achieve their desired outcomes?

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Scooped by Barry Deutsch
November 21, 2023 11:36 AM
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How AstraZeneca built a coaching culture

How AstraZeneca built a coaching culture | Retain Top Talent | Scoop.it
Managers and leaders at the biopharmaceutical giant are being trained to enhance their coaching capabilities, driven by employee demand.
Barry Deutsch's insight:

One of the major reasons employees - especially new hires - become disenchanted with your company is the lack of learning, feedback, and coaching. If coaching in sports works so well in helping teams and athletes perform at a higher level, why can't we apply that same concept in a business setting.

 

Here are some eye-catching stats on the impact of coaching:

 

"A report in Harvard Business Review found that employees were 44% more productive after receiving regular coaching, while the Institute of Coaching suggests that coaching can improve employee performance by 70%." Gallup has shown that 70 percent or more of engagement is related to a manager.

 

Given those studies, are you teaching your managers how to be great coaches? Or are your employees quiet quitting their bosses?

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Scooped by Barry Deutsch
November 20, 2023 6:53 PM
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Why Do Employees Leave Their Jobs? | CLS

Why Do Employees Leave Their Jobs? | CLS | Retain Top Talent | Scoop.it
Employees will leave their job for many different reasons, some in your control and some not. Learn why employees leave and how to boost retention!
Barry Deutsch's insight:

Here's a litany of why employees leave their jobs - the first few are eye-opening. Are you purposely driving employees away from you through the lack of effective retention and engagement tactics?

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Scooped by Barry Deutsch
November 17, 2023 5:25 PM
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Building a culture for employee retention: What matters most

Building a culture for employee retention: What matters most | Retain Top Talent | Scoop.it
Companies can improve employee retention by reviewing what they offer then and how they keep them engaged, writes Jim Thiel.
Barry Deutsch's insight:

My most successful clients spend an enormous amount of time focusing on defining their culture, building it into their hiring process and interview questions, measuring it with employees in feedback and performance reviews, and tying it into every aspect of employee management and leadership.

 

How hard are you working to make your culture a competitive advantage?

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Scooped by Barry Deutsch
November 9, 2023 11:25 AM
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Effective Employee Retention Strategies: 5 Tips for Keeping Your Top Talent

Effective Employee Retention Strategies: 5 Tips for Keeping Your Top Talent | Retain Top Talent | Scoop.it
Discover effective employee retention strategies to keep your top talent engaged and boost workplace satisfaction.
Barry Deutsch's insight:

Most companies are not working very hard on employee retention (the employee experience, happiness, culture, engagement).

 

Here's the number ONE issue:

 

"People don’t quit jobs; they quit bosses. If your senior role leaders don’t know how to lead, then your best performers will be gone before you know it. So, anyone who says you can retain top talent without some serious leadership development is pulling your leg."

 

The vast majority of companies are horrible at developing executives and managers to be great leaders of their teams. Most executives and managers are clueless about best practices in leading people - they are good people but leading by hope and luck.

 

Is it time for some remedial level of training around core best practices in managing and leading people?

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Suggested by quekelsbarz@gmail.com
October 26, 2023 10:25 AM
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Improve Employee Retention by 82% With These 16 Onboarding Best Practices | Process Street | Checklist, Workflow and SOP Software

Improve Employee Retention by 82% With These 16 Onboarding Best Practices | Process Street | Checklist, Workflow and SOP Software | Retain Top Talent | Scoop.it
Learn how top SaaS organizations (such as Process Street, Salesforce, + more) onboard their CSM with these 16 onboarding best practices.
Barry Deutsch's insight:

I pulled this out of my historical file of articles from a few weeks ago - what caught me interest was a deep dive into on-boarding and having a checklist. I recently debriefed a number of candidates who were disgusted by their company on-boarding process and it left a sour taste in their mouth literally their first few weeks on the job. Through further research I discovered that most companies have a terrible on-boarding process. The traditional method of throw you in with the sharks and you either swim or sink (or get eaten) doesn't work very well.

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Scooped by Barry Deutsch
October 6, 2023 1:13 PM
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How To Reward Employee Performance Without Money | HR Cloud

How To Reward Employee Performance Without Money | HR Cloud | Retain Top Talent | Scoop.it
Recognizing and Rewarding Employee Performance: Strategies that Go Beyond Monetary Incentives...
Barry Deutsch's insight:

Here are some excellent ways to reward your employees that is not about money. This could be one of your greatest levers to drive higher levels of motivation, effort, and productivity. How strong and comprehensive is your non-monetary and reward and recognition system?

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Scooped by Barry Deutsch
October 4, 2023 12:20 PM
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What Employees Want: Overlooked Insights in Employee Engagement | Paycom

What Employees Want: Overlooked Insights in Employee Engagement | Paycom | Retain Top Talent | Scoop.it
High employee engagement is necessary for the success of every business. Discover what your people really want to boost their satisfaction.
Barry Deutsch's insight:

Interesting article listing various generational issues around engagement and incorporating Gallup's research. 

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Scooped by Barry Deutsch
September 28, 2023 11:36 PM
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Tips for mastering strategic performance management

Tips for mastering strategic performance management | Retain Top Talent | Scoop.it
How to align goals, analyze data, conduct employee performance reviews, and adjust strategic performance management to achieve organizational success.
Barry Deutsch's insight:

At the heart of employee satisfaction, productivity, output, success, and retention are goals and KPIs. Why do so many companies leave this as a loose or non-existent process?

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Scooped by Barry Deutsch
September 26, 2023 3:01 PM
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How To Improve Manager And Employee Relationships

How To Improve Manager And Employee Relationships | Retain Top Talent | Scoop.it
When employees and managers work together in a supportive and collaborative environment, the entire organization thrives.
Barry Deutsch's insight:

Research shows that the majority of employee satisfaction and performance comes as a result of the manager-subordinate relationship. Are you training your managers how to become great managers of people in hiring and retaining teams OR are they just "winging it" based on their life experiences?

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Scooped by Barry Deutsch
September 25, 2023 12:10 PM
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Employee Appreciation Gifts - Add Gratitude To Your Workplace

Employee Appreciation Gifts - Add Gratitude To Your Workplace | Retain Top Talent | Scoop.it
Choosing the right employee appreciation gifts doesn't have to be complex - keep it personal, practical, and meaningful.
Barry Deutsch's insight:

I really like the idea of giving gifts as a show of appreciation, gratitude and thankfulness. It appears to be more thoughtful than just cash or a thank you card. Do you have a program that for certain types of appreciation, your company gives thoughtful gifts?

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Scooped by Barry Deutsch
September 19, 2023 3:00 PM
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How can the C-suite ensure everybody is connected? | theHRD

How can the C-suite ensure everybody is connected? | theHRD | Retain Top Talent | Scoop.it
The ever-connected tech world should not leave us feeling disconnected. By combining face-to-face with digital transformation, we can promote an inclusive, future-proof culture. Growth starts with people – and the best workers feel empowered, engaged and valued.
Barry Deutsch's insight:

The current work environment is such that very few employees in admin/white collar jobs want to work full time in the office. At the same time, most companies have not changed how they engage or communicate as a large portion of their workforce has gone remote or hybrid.

 

I see very few companies leveraging the outstanding digital apps and tools available to improve engagement, connectivity, and feeling part of the mother ship. Every company is now a technology company - if you're not leveraging these tools - then your rapidly falling behind in the ability to attract and keep great talent.

 

Where do you stand on the use of digital/technology tools to improve employee engagement and connectivity?

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Scooped by Barry Deutsch
September 19, 2023 2:47 PM
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10 Ways to Improve Low Employee Engagement

10 Ways to Improve Low Employee Engagement | Retain Top Talent | Scoop.it
Has your team become unmotivated or uninspired? Do people spread negativity amongst one another? Are people frequently absent without a good explanation? These are some classic signs of low employee engagement.
Barry Deutsch's insight:

A lot of good points about engaging your unmotivated employees are raised in this article. My experience is that most companies do a terrible job around these elements - or they focus too much on just one or two of the elements instead of comprehensive plan.

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Scooped by Barry Deutsch
November 30, 2023 6:50 PM
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Are You This Kind of Toxic Boss? Here's How You Can Find Out

Are You This Kind of Toxic Boss? Here's How You Can Find Out | Retain Top Talent | Scoop.it
Have you ever considered whether your management style might be undermining your team's potential for success? Try these tips to evolve into a better leader.
Barry Deutsch's insight:

One of the greatest leverage points in a business is the ability of your managers to create high performing teams. Most managers fail miserably at the process of creating a high performing team. Here is one of the reasons this happens. Are you A "Seagull Manager?

"

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Scooped by Barry Deutsch
November 21, 2023 11:32 AM
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Five Effective Gamification Strategies to Boost Employee Engagement at Work

Five Effective Gamification Strategies to Boost Employee Engagement at Work | Retain Top Talent | Scoop.it
Find out 5 effective gamification strategies that can be implemented in the workplace to enhance employee engagement & motivation. Click here to read this blog now!
Barry Deutsch's insight:

I like the idea of using gamification to stimulate and motivate employees around performance, collaboration, and learning. Have you tried any of these tactic in your organization?

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Scooped by Barry Deutsch
November 17, 2023 5:27 PM
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The Power Of Appreciation In The Workplace: 3 Gifts For Maximum ROI

The Power Of Appreciation In The Workplace: 3 Gifts For Maximum ROI | Retain Top Talent | Scoop.it
While offering competitive salaries and benefits is essential, there is one often overlooked success factor: appreciation in the workplace.
Barry Deutsch's insight:

Next to not defining expectations, having a non-existent or weak non-monetary reward and recognition system can lead to underperforming employees. Here's a quote from the article based on Gallup research:

 

Gallup's research shows that only one in three U.S. workers feels engaged, and a staggering 79% of job departures are attributed to a "lack of appreciation."

 

Almost 80 percent of employee resignations are based on a lack of appreciation. Are some of your best employees looking at job boards and talking to recruiters because your appreciation program is horrible?

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Scooped by Barry Deutsch
November 17, 2023 5:22 PM
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Why Middle Managers Are the Key to Your Company's Success

Why Middle Managers Are the Key to Your Company's Success | Retain Top Talent | Scoop.it
Discussing the power of middle managers and their crucial role in driving employee engagement and performance.
Barry Deutsch's insight:

I've been stressing this idea for a couple of years. One of the greatest gaps in managerial performance is the lack of ability to hire stars for their team. The vast majority of managers are good people - they are just clueless about best practices in hiring top performers. They've never been trained, coached, mentored, managed for this critical component of success.

 

Is it time for some remedial training to help managers be better at one of their core job expectations?

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Scooped by Barry Deutsch
November 9, 2023 11:21 AM
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How to keep remote workers connected to company culture

How to keep remote workers connected to company culture | Retain Top Talent | Scoop.it
Companies that don’t proactively move to keep remote employees aligned with corporate goals and culture run the risk of turning them into ‘gig’ workers.
Barry Deutsch's insight:

Here's the quote that caught my attention:

 

"only a quarter of remote and hybrid workers felt connected to their organization’s mission and values, according to a Gartner poll in December 2021."

 

The question is what are you doing to promote/enhance your remote/hybrid workers to the mother ship?

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Scooped by Barry Deutsch
October 6, 2023 1:15 PM
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Importance of NPS and ENPS metrics in tracking customer and employee satisfaction | 1min snip from First Principles

Importance of NPS and ENPS metrics in tracking customer and employee satisfaction | 1min snip from First Principles | Retain Top Talent | Scoop.it
1min snip from Razorpay CEO Harshil Mathur talks about deliberate culture, building to a need, and the principles of product development | First Principles...
Barry Deutsch's insight:

Here's a quick podcast on the importance of measuring both NPS and eNPS. Many of my clients struggle with measuring employee engagement, satisfaction, productivity, effort - here a couple of metrics that bring all those concepts together. Are you measuring NPS and eNPS - or are you afraid what the metrics might show if you actually measured it?

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Scooped by Barry Deutsch
October 4, 2023 12:23 PM
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How the Happiest Agencies Measure Employee Engagement

How the Happiest Agencies Measure Employee Engagement | Retain Top Talent | Scoop.it
Discover how to boost satisfaction by measuring employee engagement. Gain insights on methods, key metrics, and how to effectively act on feedback.
Barry Deutsch's insight:

Here's another interesting article on employee engagement - or how do you keep that recent hire you worked so hard to acquire? 

 

The article starts off a little depressing sharing some of the downward trending data from Gallup's recent research - then the author makes the following point:

 

"But not all companies fell prey to these downward trends. Some companies managed to achieve 70% employee engagement during the most disruptive periods and ended up earning up to 23% more profit on average because of it."

 

How did they do it?

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Scooped by Barry Deutsch
September 28, 2023 11:38 PM
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A Toxic Work Culture Is Forcing High-Performing People to Quit

A Toxic Work Culture Is Forcing High-Performing People to Quit | Retain Top Talent | Scoop.it
If micro-management thrives and there is no trust in your organization, you are looking down the barrel of a toxic work culture. If you don’t believe me, use one of the many employee engagement products to find out for yourself.
Barry Deutsch's insight:

Do you tolerate a toxic culture or put up with bad behavior from your management team who sets the example for everyone else? Are you actually driving people away instead of attracting them like a magnet?

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Scooped by Barry Deutsch
September 26, 2023 3:06 PM
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Understanding the Number One Mistake to Avoid After Hiring your First Employee

Understanding the Number One Mistake to Avoid After Hiring your First Employee | Retain Top Talent | Scoop.it
Hiring the "best candidate for the job" won't necessarily cut it anymore.
Barry Deutsch's insight:

Number one issue - not clearly defining success!

 

The quote from the article should scare you: Studies show that about 85% of leaders don't define their team's focus, and employees lack clarity about their goals or KPIs.

 

I would lend credibility to this study by reflecting on the thousands of Vistage companies I've worked with over the last 20 years. Very few demonstrate any rigor around defining, measuring, and leveraging performance expectations.

 

Here's the other scary statistic from the article - what a great way to manage - keeping your employees in the dark. "A whopping 93% of employees aren't clear on their organization's objectives."

 

Gallup's first question on their engagement survey is "Do I know what's expected of me?" I'm shocked by the surveys shared by my clients in how many of their employees answer NO to this question?

 

What's the implication - poor retention, low productivity, apathy, weak culture, ineffective hiring, and getting left behind by your competitors. When is the right time to start making changes?

 

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Scooped by Barry Deutsch
September 25, 2023 12:12 PM
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Performance Management As A Career Management Tool

Performance Management As A Career Management Tool | Retain Top Talent | Scoop.it
If done well, performance management can be a powerful career management tool for all employees. It's an opportunity to get in the driver's seat and influence decisions.
Barry Deutsch's insight:

Here's an interesting take from Forbes on linking performance management and career development as a method of improving employee performance and improving retention/engagement. How do your managers communicate and interact with their subordinates around linking these two elements together?

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Scooped by Barry Deutsch
September 22, 2023 2:13 PM
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My Take on the State of Staff Culture

My Take on the State of Staff Culture | Retain Top Talent | Scoop.it
The last three years have been the hardest on staff culture in my lifetime. Here are a few insights I gained from this year’s Culture Report, studying all the staffs that have gone through our Culture Tool.
Barry Deutsch's insight:

Although this article is a little of the author's self-promotion, there are some very good points about culture, engagement, and retention - very similar to the research Gallup publishes. How many of these elements are you currently executing on as an initiative to improve employee morale, passion, retention, engagement and perhaps most importantly, productivity?

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Scooped by Barry Deutsch
September 19, 2023 2:56 PM
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Banishing workplace boredom

Banishing workplace boredom | Retain Top Talent | Scoop.it
Banish workplace boredom by finding out what energizes your team and inviting them out of their comfort zones, writes Julie Winkle Giulioni.
Barry Deutsch's insight:

This article caught my eye. One of the elements that makes recruiting so easy is that the vast majority of employees are bored in their jobs - stagnant, mundane, non-compelling or interesting roles. They are not growing, learning, or improving their skills and capabilities to gain better opportunities or higher compensation. 

 

It's so very sad!

 

Recruiter proofing your company means changing the mental framework about how we define work and expectations.

 

Are you still stuck in a 1970s command-and-control structure around work?

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