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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Learning Culture: Ideas for Nurturing Growth in a Hybrid Work Environment

Learning Culture: Ideas for Nurturing Growth in a Hybrid Work Environment | Retain Top Talent | Scoop.it
How can you build a culture of learning in a hybrid work environment?It's not easy, but check this post for one expert's advice...
Barry Deutsch's insight:

One of the most appealing elements of a company for many senior staff and managers is how much of a learning culture exists. Very few companies can claim and describe in specific examples their learning culture. Yet, boredom, stagnation, and the lack of learning is one of the major reasons employees are willing to leave their current job for greener pastures.

 

Are you losing good people because you don't have a learning culture?

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Career Coaching Program To Boost Employee Productivity 

Career Coaching Program To Boost Employee Productivity  | Retain Top Talent | Scoop.it
Create a comprehensive career coaching program tailored to your employees' needs based on your assessment.
Barry Deutsch's insight:

Here's another great idea on employee engagement. Conduct career coaching for your employees to help them realize their dreams - boost productivity, lower turnover, and improve retention. What's the number one issue holding you back? Is it not having someone who could do a needs assessment and develop a plan - hire a fractional or part-time HR executive to help you get it set up. Don't let the lack of capability inside your organization be the constraint.

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How Far-Reaching Could the Four-Day Workweek Become?

How Far-Reaching Could the Four-Day Workweek Become? | Retain Top Talent | Scoop.it
Experiments show that four-day workweeks can help companies trim costs, retain employees, and boost worker well-being.
Barry Deutsch's insight:

One of the big trends in employee engagement is around work-life balance and work hours flexibility. Another good article here on companies experimenting with moving to a 4-day workweek. Is this on your agenda to examine and consider as another tool to boost employee productivity and retention?

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How to Better Support Employee Growth and Development

How to Better Support Employee Growth and Development | Retain Top Talent | Scoop.it
Let's discuss the importance of investing in employee development and some tips for how to do it effectively.
Barry Deutsch's insight:

I just had this conversation with a client yesterday who was struggling with employee retention of highly technical senior consultants. One of the issues was a weak training, growth, development plan for each consultant.

 

As a recruiter with over 30 years of experience, and 30 years of speaking to Vistage/TEC groups on hiring and employee engagement, I've found that one of the top 3 reasons people are open to leaving their jobs is a lack of learning and professional growth - I'm not talking about promotions - I'm addressing the issue of Maslow's Hierarchy of Needs. Your employees want to get better, master their work, become more competent, and have a greater impact.

 

When you don't provide the opportuties for this to occur for your employees, they become disengaged, unhappy, and dissatisfied. They start giving you the rock bottom level of effort they think you'll tolerate and they start looking for a new job.

 

When are we going to show our employees we're willing to invest in them? #PowerofVistage

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Enhancing Employee Engagement: How To Use Technology

Enhancing Employee Engagement: How To Use Technology | Retain Top Talent | Scoop.it
When looking to enhance employee engagement, leveraging technology is a must. Learn how you can use it to create a more engaged workforce.
Barry Deutsch's insight:

One of my greatest frustrations with many companies is the lack of using technology to enhance the employee experience, engagement, build culture, create a vibrant appreciation environment, and boost communication. Who wouldn't want this?

 

Here's the quote that really got me thinking about this issue:

 

"Many organizations fear that using technology in the workplace will only cause employees to waste time on social media and games when they should be working. However, it is not so. Technology is a blessing for the modern-day workplace."

 

I heard a Vistage Speaker during Covid that said all Vistage companies are now technology companies - regardless of their product/service. Unfortunately, I find few entrepreneurial businesses jumping on this bandwagon. So much to be gained through the simple use of technology in the workplace. #PowerofVistage

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Worrying drop in employee engagement since the pandemic | theHRD

Worrying drop in employee engagement since the pandemic | theHRD | Retain Top Talent | Scoop.it
Average employee engagement has dropped by 8% since the pandemic, according to a survey of more than 800 workers.
Barry Deutsch's insight:

Are you in a recovery mode of trying to gain back your drop in employee engagement. Here's a scary statistic "Almost half (44%) of respondents reported having no learning and development opportunities available to them by their employer during the pandemic."

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Here’s Why Continuous Employee Feedback Is Far Superior to Annual Reviews

Here’s Why Continuous Employee Feedback Is Far Superior to Annual Reviews | Retain Top Talent | Scoop.it
And you’ll see more improvement and productivity as a result.
Barry Deutsch's insight:

I've been pitching this idea for years to my clients - but most are still stuck in a 1970s command-and-control approach that requires a annual performance review.

 

Employees find it to be a sadistic exercise. Managers hate it and procrastinate doing it as long as possible.

 

Finally - linking it to pay creates a terrible environment for honest feedback and development.

 

Let's kill the traditional performance review and move to monthly coaching.

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5 Ways to Improve the Frontline Employee Experience (That Aren’t Wage Hikes)

5 Ways to Improve the Frontline Employee Experience (That Aren’t Wage Hikes) | Retain Top Talent | Scoop.it
A new global study commissioned by WorkJam found that 63 percent of retail companies are currently short frontline staff, but that only 8 percent of those organizations plan to invest in improving the frontline experience this year to help attract and retain store associates.
Barry Deutsch's insight:

5 interesting ideas to improve employee engagment, working conditions, and retention without wage hikes. The article was written from a retail perspective - but could apply to any frontline roles in healthcare, service, or manufacturing. Have you attempted to implement any of these initiatives with your frontline employees?

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8 Strategies For Employee Engagement That Actually Work

8 Strategies For Employee Engagement That Actually Work | Retain Top Talent | Scoop.it
Strategies for employee engagement are of utmost importance. Find out how to improve your workplace with these 8 initiatives!
Barry Deutsch's insight:

Here are 8 different ideas to dramatically boost the level of employee engagement. Just doing one of them will have a tremendous impact. Why do most companies ignore these simple tactics to raise employee engagement?

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4-day workweek trial so successful 91% firms to continue, trial shows - The

4-day workweek trial so successful 91% firms to continue, trial shows - The | Retain Top Talent | Scoop.it
Fifteen percent of employees who took part in the world's largest trial of the four-day workweek said no amount of money could sway them to go back to five-day weeks.
Barry Deutsch's insight:

Fascinating trial on 4-day workweeks to offset burn-out, work-life balance, compensation issues, and whole host of other engagement and retention tactics. Have you considered moving to a 4-day workweek in your organization?

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Employees Expect an Experience Based on Trust

Employees Expect an Experience Based on Trust | Retain Top Talent | Scoop.it
Trust is the foundation of a culture where employees fell safe expressing their views. This is the employee experience workers want today.
Barry Deutsch's insight:

Interesting perspective on specifically building trust with employees. Do you survey your employees and actually ask questions around their trust levels - whether they feel pyschologically safe.

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9 tips to boost your talent engagement | Evergreen

9 tips to boost your talent engagement | Evergreen | Retain Top Talent | Scoop.it
Employee engagement is about more than just employee happiness. But how we can actually make it happen?...
Barry Deutsch's insight:

Pick one initiative around employee engagement on this list and start to work through the implementation, tracking, metrics, and refinement.

 

My best guess why most companies are not impacting employee engagement through various initiatives is that they are overwhelmed by the sheer number of things that need to be done - from clarity of results on job descriptions to creating personal development plans for everyone.

 

Start small and build from there - or face an upheaval of weak effort, poor productivity, and increasing turnover.

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Is continuous evaluation the best way to do performance management? | Canadian HR Reporter

Is continuous evaluation the best way to do performance management? | Canadian HR Reporter | Retain Top Talent | Scoop.it
'If you're not employee-centric in this exercise, this is a missed opportunity for development'...
Barry Deutsch's insight:

I cannot emphasize enough the need to KILL the traditional performance appraisal annual process and replace it with regular monthly one-to-one coaching.

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How Leaders Should Address Hybrid Employee Procrastination

How Leaders Should Address Hybrid Employee Procrastination | Retain Top Talent | Scoop.it
Are managers' concerns about procrastination among their hybrid workforce justified? The story is more complex than it seems.
Barry Deutsch's insight:

Here's a WAKE UP call: Why do so many companies resist going hybrid, or regret it after moving in that direction. A recent study shows that "85% of leaders believe the shift to hybrid work has made it challenging to have confidence that employees are being productive.

 

This lack of trust in that your employees are not working hard, goofing off, not putting in their full effort, and giving you less than adequate productivity is silly.

 

The problem is not the employee - the problem is the employer who refuses to set specific quantifiable outcomes, deliverables, expectations, results, KPIs and metrics around performance.

 

When employees don't know what you expect, instead of giving full productive effort, they instead provide the minimum necessary to not get fired.

 

 
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Your employee’s goals are missing a huge engagement opportunity –

Your employee’s goals are missing a huge engagement opportunity – | Retain Top Talent | Scoop.it
By now, everyone should know that most employees’ annual goals are horribly uninspiring. For instance, in the study Are SMART Goals Dumb?, we discovered that only 14% of people say that their goals for this year will help them achieve great things.
Barry Deutsch's insight:

This survey result is very sad in that only 14% of employees feel their goals will help them to achieve great things - how depressing, uninspiring, and de-motivating.

 

As you are probably aware, we focus on defining goals, outcomes, deliverables and expecations in a time-based quantifiable format as the core of our workshops in the Vistage/TEC commuity with our Hiring Program "You're NOT the Person I Hired" and our engagement program "You're the Person We Want to KEEP".

 

Not only is the process of defining success and helping your employees realize their dreams important for hiring, on-boarding, and performance management - it's the number ONE issue that allows employees to self-motivate.

 

By not cascading goals and outcomes through-out your organization - are you inadvertently de-motivating your employees? #POWERofVistage

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Toxic Culture Gender Gap: Women's Experience in the C-suite and Beyond

New research from MIT Sloan Management Review reveals a widening toxic culture gender gap, even in C-suite positions.
Barry Deutsch's insight:

Here's a real stunner - its' one of the top five reasons for job change when I speak to women executives. Not sure the research is valid from a technical point of view - looking at Glassdoor comments - however, the authors may have poked the bear on this one and opened up an issue most companies would rather hide.

 

Here's the statement that grabbed me: "toxic corporate culture is the number one cause of employee resignations, and it’s ten times more likely to contribute to turnover than inadequate compensation."

 

It's hard to believe this still exists in most companies today. I guess it's hard to change the underlying culture of companies without the CEO taking direct action to make that change. Almost everyone of my direct and extended female family members have experienced some level of toxic work behavior toward women in every job they've held.

 

Are some of your best people - particularly women - leaving due to a toxic culture in your company? Have you tried to measure this independently?

 

In both of my workshops for Vistage/TEC with small businesses and entrepreneurial companies around hiring and employee engagement, I try to focus the conversation on performance not on gender or other irrelevant factors to success. #PowerofVistage

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Employee Net Promoter Score: The Ultimate Guide For HR 

Employee Net Promoter Score: The Ultimate Guide For HR  | Retain Top Talent | Scoop.it
Learn how to measure and improve employee satisfaction with the employee net promoter score. This guide provides practical tips for HR.
Barry Deutsch's insight:

I am a huge proponent of using metrics and KPIs to determine success. If you've seen either our popular Vistage/TEC program "You're NOT the Person I Hired" or "You're the Person We Want to KEEP" - you'll that a core element of both programs is the issue of defining successful outcomes. The traditional job description is a worthless and useless tool for measuring and predicting success.

 

One of the key human capital metrics is eNPS. Here is an article that explores this metric in granular detail and provides some insight into the elements that comprise the metric. Why don't more HR executives use this as a measure of success for their initiatives?

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Employee Appreciation Day: Why Not Celebrate All Year?

Employee Appreciation Day: Why Not Celebrate All Year? | Retain Top Talent | Scoop.it
Does your organization make appreciation a habit?Here's why it makes sense for Employee Appreciation Day to happen throughtout the year...
Barry Deutsch's insight:

One of things I press hard on in my Vistage Workshop titled "You're the Person We Want to Keep!" is that the number two element of employee engagement is having a vibrant and rigorous employee appreciation culture, initiatives, and programs. Lacking this effort makes your employees question whether they want to work in your organization. Are you doing enough to show your appreciation?

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5 Ways Managers Can Stop Employee Turnover | theHRD

5 Ways Managers Can Stop Employee Turnover | theHRD | Retain Top Talent | Scoop.it
People may give many reasons for leaving a job. Unrealistic expectations. Excessive workload. Lack of flexibility. Unfair pay. But perhaps the biggest reason for employee turnover may be that there was no manager trying to keep them there.
Barry Deutsch's insight:

One of thee major topics we discuss in my Vistage/TEC workshop on "You're the Person We Want to KEEP" is that the manager accounts for 70 percent or more of the reason people stay and put in 100 percent effort vs. pulling back and giving the rock bottom minimum that they think will allow them to remain on the payroll system.

 

Are your managers in need of training to be a better coach in how to hire, coach, give feedback, recognition, and development?

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Employee Engagement Campaign of the Year (Health IT) | Medigy

Employee Engagement Campaign of the Year (Health IT) | Medigy | Retain Top Talent | Scoop.it
This award recognizes the best employee engagement campaign this past year based on results achieved, creativity, innovation and visual/audio appeal. Separate awards for health IT companies and healthcare providers.
Barry Deutsch's insight:

Here's an interesting idea that I've never seen in a company, but sparked my interest. What about the idea of creating cultural ambassadors?

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The Evolution of Employee Engagement

The Evolution of Employee Engagement | Retain Top Talent | Scoop.it
The evolution of employee engagement is not as long-winded as you might expect. Learn how this incredible internal strategy came to be so impactful today.
Barry Deutsch's insight:

Here's a good article on employee engagement and some of the key issues to consider in driving a higher level of productivity from your employees. You'll notice that the article references the Gallup categories I keep referring to on engaged employees, disengaged employees, and actively disengaged employees.

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How to Retain Top Talent: 8 Ways to Keep Your Best Employees

How to Retain Top Talent: 8 Ways to Keep Your Best Employees | Retain Top Talent | Scoop.it
If you’re struggling to retain your best-performing employees, know that you’re not alone. This is a dilemma that many companies face. From Mom and Pop shops to major corporations. Especially, in the modern and ever-changing world of business.
Barry Deutsch's insight:

There are a wide range of tactics you could employ to keep great people. Right at the top of this list is improving your hiring proces. Most companies hire candidates that have an invisbile expiration date on their forehead of when they are going to leave or cause problems. Avoiding hiring these candidates is one element of an effective process.

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Why Your Company Culture Isn't Rich Without Subcultures

Why Your Company Culture Isn't Rich Without Subcultures | Retain Top Talent | Scoop.it
A robust company culture is actually made up of a number of subcultures — but only if you successfully cultivate them.
Barry Deutsch's insight:

Good article on culture and sub-cultures, particularly in a remote environment. Good research to support the reasons people resign or leave - particularly out of Gallup and PEW.

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Poor communication about pay may tank engagement

Poor communication about pay may tank engagement | Retain Top Talent | Scoop.it
Human Resources and Workforce Management News...
Barry Deutsch's insight:

Interesting article on increasing manager's ability to have conversations with staff transparently about pay. Unfortunately, the article doesn't give any guidelines on how to have those conversations other than you should be having them. Has anyone started doing managerial training or guidance on these conversations?

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7 Hacks to Revive a Dying Employee Recognition Program

7 Hacks to Revive a Dying Employee Recognition Program | Retain Top Talent | Scoop.it
It is important for organizations to recognize the signs and act early to revive a dying employee recognition program to maximize its impact.
Barry Deutsch's insight:

Is your employee recognition program stalled, dying, or becoming stale - perhaps it's time to revive the program since recognition is one of the most important elements (right behind people understanding what's expected of them) in driving engagement, productivity, effort, happiness, and retention.

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