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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How Manufacturing Companies Can Be Strategic in Their Use of Engagement Initiatives

How Manufacturing Companies Can Be Strategic in Their Use of Engagement Initiatives | Retain Top Talent | Scoop.it
There are five types of psychological benefits that, when nurtured at the organization level, drive employee engagement and retention.
Barry Deutsch's insight:

Interesting perspective on employee engagement in a manufacturing environment. Gallup shows this group to be a little tougher to engage.

 

Although the article stays at a superficial level with recommending specific tactics, it does raise some good challenges to think about if you're in a manufacturing company.

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Two Words to Guide Your Employee Onboarding Program

Two Words to Guide Your Employee Onboarding Program | Retain Top Talent | Scoop.it
Starting a new job is a powerful moment in an individuals life, most onboarding programs are nothing more than orientation days and stop quickly after that.
Barry Deutsch's insight:

Most companies on-boarding consists of filling out paperwork in HR. Here's an interesting take on getting employees off on the right foot and staying passionate. A Great on-boarding program is the start of ensuring high employee engagement.

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3 Ways performance management can engage employees

3 Ways performance management can engage employees | Retain Top Talent | Scoop.it
It is clear that by redefining the performance management system, managers can transform disengaged employees into highly engaged team members.
Barry Deutsch's insight:

There is a strong link between performance management and employee engagement - particularly around the idea of defining clear expectations.

 

Why do so many companies ignore this fundamental element of both performance management and employee engagement? Is it too hard? Do they not know where to start? Do they not care?

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11 Mind-Blowing Statistics on Employee Happiness [Infographic]

11 Mind-Blowing Statistics on Employee Happiness [Infographic] | Retain Top Talent | Scoop.it
How many people are actually happy at work? Check out these stats that will have you rethinking your employee engagement strategies.
Barry Deutsch's insight:

Great infographic around employee engagement, happiness, and satisfaction. The free food one was a surprise - not sure I buy into that being important criteria - but the other items - right ON!

 

How can you begin an engagement program right now to stop your employees from thinking about "Is the grass greener somewhere else?"

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Here's How Google Knows in Less Than 5 Minutes if Someone Is a Great Leader

Here's How Google Knows in Less Than 5 Minutes if Someone Is a Great Leader | Retain Top Talent | Scoop.it
After years of study, Google uses a few simple questions to identify the company's best leaders.
Barry Deutsch's insight:

The author (whom I follow and respect) infers that this is a Google original idea. It's not! Furthermore, figuring this out in an interview is NOT a five-minute issue as the article headline proclaims. It takes hours to understand a manager/leaders ability to hire and retain a high performing team. There is NO simple solution or answer to get at it.

 

This is the core of the work that Gallup did and then published in their book "First Break All the Rules" (if you are in management this should be required reading - right after my book on hiring)

 

Almost all of the work in  HR, employee engagement, and retention stems from this groundbreaking research that Gallup did a number of years ago.

 

One of the most important elements of that entire research was the idea that employees want to know what is expected of them in measurable terms.

 

Would you say that every employee in your organization has clear, objective, measurable results, outcomes, metrics, deliverables that are written and agreed to by both the employee and their immediate manager?

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Driving Employee Engagement on Your Sales Team | LinkedIn Sales Solutions

Driving Employee Engagement on Your Sales Team | LinkedIn Sales Solutions | Retain Top Talent | Scoop.it
The importance of employee engagement on the sales team is growing in the era of modern selling. Are you taking steps to improve it?

Via Anita Windisman
Barry Deutsch's insight:

This article came off the LinkedIn Sales Blog - but it's applicable to all teams, not just the sales team. One of the key points in the article is about spending time listening to employees talk about their personal lives, anxiety, how it affects them, and what they are doing to stay sane under pressure. Your employees want to know you care deeply about them as a person (one of the most important elements of engagement and retention) by listening deeply and frequently to them.

 

What's in your managerial bag when it comes to listening to personal issues and stories with your team?

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When Employees Feel Grateful, They’re Less Likely to Be Dishonest

When Employees Feel Grateful, They’re Less Likely to Be Dishonest | Retain Top Talent | Scoop.it
According to new research.
Barry Deutsch's insight:

This is interesting research out of HBS linking gratitude and dishonesty. So many of my clients ask how to measure honesty in the interview. Perhaps, instead of focusing on honesty, we should focus on what people want to feel gratitude and appreciated.

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Job Satisfaction and the $1Trillion Problem

Job Satisfaction and the $1Trillion Problem | Retain Top Talent | Scoop.it
Businesses are losing vast amounts of money due to voluntary turnover. Could talking to employees about their job satisfaction prevent them from leaving?
Barry Deutsch's insight:

Biggest issue regarding employee voluntary turnover - 

Not knowing how to talk about job satisfaction

Are you training your managers how to have this discussion with their team?

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Great Teams Start With Trust

Great Teams Start With Trust | Retain Top Talent | Scoop.it
The key to getting the most out of your team’s productivity is their trust in you as a leader. All great teams start with trust.

Via The People Development Network
Barry Deutsch's insight:

Interesting article on building trust with your team. The article dicusses 3 tactics to build trust - counter-intuitive to most managers regarding understanding team member personal lives.

 

One of the most important elements of employee engagement and retention is the quality of the manager. An enormous part of that relationship hinges on trust. Are your managers using these tactics to build trust?

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The 10 Employee Engagement Metrics That Matter

To have engaged employees at work, there are 10 essential metrics that companies need to keep in mind. Learn actionable tips on how you can improve them.

Via Insightlink Communications
Barry Deutsch's insight:

Good article about setting metrics to measure employee engagement and retention issues. I'm curious how many companies regularly measure these metrics and actually put action plans in place to improve the metrics on engagement.

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15 Original Employee Recognition Ideas

15 Original Employee Recognition Ideas | Retain Top Talent | Scoop.it

Think learning, pats on the back, and saying thank you.

Barry Deutsch's insight:

One of the key elements to employee engagement is recognition and appreciation. How many different ways does your company help build employee engagement? The article has 15 different ideas - which ones are doing and do you have a team looking in to the other suggestions?

 

In the next few years, it's going to be tough to keep your best peope from being poached unless you're doing most of these!

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Why Is Employee Engagement Important? (Yes, It Still Is)

Why Is Employee Engagement Important? (Yes, It Still Is) | Retain Top Talent | Scoop.it
Organizations that practice engagement but don’t see results ask: Why is employee engagement important? Is it just hype? Read on for proof that's just not the case.
Barry Deutsch's insight:

The evidence of employee engagement is overwhelming when looking at metrics of improved customer satisfaction, net promoter scores, lower turnover, and fewer employees trying to see if the grass is greener somewhere else.

 

What's holding you back from implementing best practics in employee engagement - such as better definitions of success in jobs, non-monetary reward/recognition programs, and better performance management feedback?

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What Are The Main Drivers Of Job Satisfaction In The U.S.?

What Are The Main Drivers Of Job Satisfaction In The U.S.? | Retain Top Talent | Scoop.it

Insightlink employee satisfaction data from more than 30,000 workers across many industries."

Barry Deutsch's insight:

This survey from AKA is not dramatically different form the work Gallup has done - there are some variations - but it's in line with the most common drivers of engagement and satisfaction. A large number of these items are around boss-subordinate communications.

 

As I mentioned in another article recently, most managers and executives are terrible - perhaps horrific - at communication with their teams. What's the good news - is a teachable skill? The bad news is that barely anyone is scratching the surface in helping managers and executives be better communicators with their teams.

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Most Employees Don't Hate Their Jobs

Most Employees Don't Hate Their Jobs | Retain Top Talent | Scoop.it
They Just Don’t Care About Them...
Barry Deutsch's insight:

The vast majority of your employees just don't care about their job, the company, or their teams. They are just coping with getting by each day doing the absolute minimum of work that you'll tolerate to allow them to keep their jobs.

 

This FORTUNE article is consistent with the primary research from Gallup on employee engagement, and most other studies.

 

What are you doing to combat this apathy, low productivity, and terrible attitude? Do you have a specific written engagement and retention plan to dramatically boost productivity, engagement, and employee satisfaction (remember - there is a direct correlation with employee engagement and productivity/customer satisfaction)?

 

Is now the time to start moving the bulk of your employees from the category of "I don't care" to "I care deeply?"

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Essential Qualities Of Good And Bad Leadership - People Development

Essential Qualities Of Good And Bad Leadership - People Development | Retain Top Talent | Scoop.it
This article discusses the essential qualities of leadership from a number of perspectives.  It also discusses what we mean by bad leadership. 

Via The People Development Network
Barry Deutsch's insight:

Good articulation of the key elements of leadership, a nice review of good/bad traits, and tools to help improve the development of leadership qualities.

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5 Essentials for Developing People

5 Essentials for Developing People | Retain Top Talent | Scoop.it
Why would I invest in developing people? What if I invest in developing my people and then they leave? What if you don’t invest in them and then they stay?

Via The People Development Network, Roger Francis
Barry Deutsch's insight:

It's bordering on comical when CEOs and executives say "why should I invest in training when I'm just preparing them for a job in another company".

 

Is this your philosophy about training and development? Or is your organization up on a pedestal for your investments in training and developing people? Have you done any formal survey work to discover why people join your organization or leave? How much is related to developing, training, coaching, and helping people realize their dreams?

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Barry Deutsch's curator insight, April 20, 8:31 PM

I hear this constant debate about managers and leaders. My perspective is that every job at a management level - department head, team leader, director, vice president - has elements of both.

 

However, where most fail is not around have a strategic vision, and it's not around the inability to technically grasp their job. It's on the people management side of effectively hiring and retaining an outstanding group of people who become a high performing team.

 

Is that management or leadership?

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The Modern Shape and Trends of Employee Culture

The Modern Shape and Trends of Employee Culture | Retain Top Talent | Scoop.it
Peter Drucker (1909-2005), the late Austrian-born management consultant, once famously said that culture eats strategy for breakfast — i.e., while a sound business plan is excellent, nothing is more important than a company’s culture.
Barry Deutsch's insight:

Loved the quote from Drucker about Culture Eating Strategy.

 

Do you have a defined culture? What are the 3-5 key elements of initiatives that reinforce that culture - whether it be praise and gratitude tactics or healthcare/wellness plans?

 

No culture - or one that your employees make up - is a real problem in being able to attract and keep better people.

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Council Post: Why An Employee Engagement Strategy Is Vital To Your Business

Council Post: Why An Employee Engagement Strategy Is Vital To Your Business | Retain Top Talent | Scoop.it
In engagement-centric organizations, you're likely to see stronger Net Promoter Scores, higher retention rates, more innovation and better financial performance.
Barry Deutsch's insight:

71 percent of employees indicating they would leave their current employer for a better job?

 

The author suggests you need a employee engagement strategy to prevent your best employees from leaving. The vast majority of companies I work with have NO process, structure, plan, or strategy to deal with employee engagement.

 

The approach of most companies appears to be "if employees show up for work, they must enjoy (be engaged) with their jobs.

 

What's your strategy?

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Employee Engagement on the Rise in the U.S.

Employee Engagement on the Rise in the U.S. | Retain Top Talent | Scoop.it
U.S. worker engagement has tied an 18-year high, with 34% now saying they are enthusiastic about and committed to their work and workplace.
Barry Deutsch's insight:

The good news is that employee engagement is on the rise - I'd like to think it's because I've been sounding the alarm for the last few years.

 

The bad news is that over 50% of your workforce is disengaged - they just don't care. They barely show up and do the minimum necessary - huge opportunity for most organizations.

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