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 Best Ways to Recognize the Work of Remote Employees | RingCentral Blog

5 Best Ways to Recognize the Work of Remote Employees | RingCentral Blog | Retain Top Talent | Scoop.it
Google has a unique approach to employee recognition.In addition to compensation and other perks, Google uses a digital tool called “The Wall of Happy,”...
Barry Deutsch's insight:

Loved the Wall of Happy described in this article. The statistic that rocked me a little was the one about 4 out 5 employees indicated they would work harder if praised/patted on the back.

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Employee engagement: How to keep furloughed employees engaged and motivated

Employee engagement: How to keep furloughed employees engaged and motivated | Retain Top Talent | Scoop.it
As well as engaging with your front line employees, it’s essential to maintain communication with furloughed employees and ensure that the whole team continues to feel valued and motivated during the current crisis and beyond.
Barry Deutsch's insight:

I agree with this recommendation by the author 100 percent.  Are you staying in touch with your terminated or furloughed employees? How are you maintaining a strong relationship with the folks you might want to hire back?

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5 Tips for Maintaining Company Culture in Remote Teams

5 Tips for Maintaining Company Culture in Remote Teams | Retain Top Talent | Scoop.it
While physical distance may separate employees, remote workforces can maintain the same company culture found in the office with online collaboration tools.
Barry Deutsch's insight:

As you know, I've been doing a webinar on How to Manage Remotely which takes all our content over 2 decades on hiring, performance management, and employee engagement and mashes it together with the element of working remotely.

 

The first of 8 elements I cover in this webinar is that companies must provide the infrastructure to allow employees to work well with each other. Here's the statistic that shocked me:

 

The Right Technology. According to a recent Gartner poll, 54% of HR leaders reported that poor technology and/or infrastructure for remote working is the single largest barrier to its success. This “technology” category encompasses everything from email to internal messaging platforms to video conferencing tools.

 

This is pretty consistent with the comments shared by CEOs in my webinars.  If this is a barrier to getting work done - what does that say about the productivity of your organization?

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In a Downturn, Include Your Employees in Cost-Cutting Decisions

In a Downturn, Include Your Employees in Cost-Cutting Decisions | Retain Top Talent | Scoop.it
A bottom-up approach helps align incentives and find creative solutions.
Barry Deutsch's insight:

Here's a novel idea - how about involving your employees in decision making around layoffs and cost reductions - counterintuitive idea from HBR.

 

I'm curious if any of you have tried this compared to the traditional method of top-down instead of bottom-up?

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Lean Six Sigma Success Story: Reduce Call Transfers and Improve Resolution

Lean Six Sigma Success Story: Reduce Call Transfers and Improve Resolution | Retain Top Talent | Scoop.it
Using the insights from the data analysis, Process Walk and Fishbone Diagram, the team quickly identified simple solutions that made a big impact.
Barry Deutsch's insight:

This is a great example of improving process. The last point I try ot make in my Vistge webinars on Managing Remotely in a Crisis  is to identify a couple of significant opportunities for improvement and work on those items that are "IMPORTANT" but not "URGENT" so you can emerge from this crisis even stronger.

 

Many of these opportunities, you've thrown onto the back burner since the rising tide economic expansion has not presented an opportunity to work on "IMPORTANT" improvements. Now you have a little bit of that extra time available - are you using it to make positive changes to your organization OR are you paralyzed by the crisis and praying that you can just pick where you left off in March?

 

What 2-3 aspects of your business have decided to work on and improve over the next 3-6 months?

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How to develop an employee engagement strategy for new employees

How to develop an employee engagement strategy for new employees | Retain Top Talent | Scoop.it
With up to 20% of staff turnover happening within the first 45 days on the job, it’s vital that leaders ensure the dream sold at interview is every part the reality, argues Kerry Drury....
Barry Deutsch's insight:

First the bad news: 20% turnover in first 45 days. Horrible!

 

What I liked about the article was what has been known up to this point as an on-boarding plan - takes on a new dimension as a customized employee engagement plan for each new hire.

 

What if you did this with every new hire?

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A Few Large Companies Prolong Work from Home to September and Beyond

A Few Large Companies Prolong Work from Home to September and Beyond | Retain Top Talent | Scoop.it
​Capital One has announced it is extending its work-from-home policy, put in place to stop the spread of the coronavirus in the workforce, through Labor Day weekend. It is latest large company to delay a return to the office.
Barry Deutsch's insight:

Some companies are extending work from home into the fall or through the end of the year. Have you communicated your expectations to your workforce?

 

Second element the article raises is that over 1/3 of US jobs can be done remotely. For these roles, are you now considering some hybrid form of coming into the office occassionally, but dominately working from home? Many organizations have done this for their sales teams - why not for other roles?

 

Why does the supply chain analyst, or bookkeeper, or marketing manager have to work full time from the office?

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The Back-to-Work Playbook: It's Being Written By Manufacturers –

The Back-to-Work Playbook: It's Being Written By Manufacturers – | Retain Top Talent | Scoop.it
It's time to start writing your Back to Work Playbook for COVID-19. We certainly aren't past this yet, but the return to work is starting.
Barry Deutsch's insight:

Do you have a playbook for returning back to work in the office or in the new abnormal? Josh Bersin provides some ideas around rethinking your business model.

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The ONE metric you’re missing.

The ONE metric you’re missing. | Retain Top Talent | Scoop.it
Like panning for gold, a crisis filters out the dirt and leaves you with what’s important.
Barry Deutsch's insight:

Interesting short article on the need to work on your culture. First, I loved the quote " Like panning for gold, a crisis filters out the dirt and leaves you with what’s important."

 

Second, the author infers we should be measuring the success of our culture, but the author doesn't mention what metric, how do we measure it beyond employee surveys?

 

My thought is that most companies have a fairly dysfunctional culture tied directly to the CEOs behavior. I would recommend listing all the things you aspire to be as an organization - mission, purpose, values. Who do you want to be?

 

The next step would be to create action plans to move your culture in that direction. Almost all the companies I work with DO NOT have cultural improvement programs in place. Their hope is that next year is better than this year. Are you willing to accept that mediocre definition of culture improvement?

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Why Were Businesses Stumped by Remote Work When COVID Hit? - Remotely Inclined

Why Were Businesses Stumped by Remote Work When COVID Hit? - Remotely Inclined | Retain Top Talent | Scoop.it
It wasn’t technology: Zoom was founded in 2011.
Barry Deutsch's insight:

As you start to contemplate the idea of some of your employees wanting to return to the office, what about those who still want some flexibility to work from home?

 

Do you still have a bias against your team working part-time or full time from home? Flexibility to work from home and flexibility around work schedule is a powerful employee engagement tactic.

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Onboarding Programs: Ensuring Day One Readiness

Onboarding Programs: Ensuring Day One Readiness | Retain Top Talent | Scoop.it
It is important to create an effective onboarding program in order to prepare your new hires for real productivity on their first "real" day of work.
Barry Deutsch's insight:

On-boarding is the first step in ensuring a great employee experience starting on Day 1. Unfortunately, many companies are stuck in a 1970s model of onboarding. Are you prepared to start outstanding employee engagement with the first day of work?

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Increase LinkedIn Engagement With Their New Features

Increase LinkedIn Engagement With Their New Features | Retain Top Talent | Scoop.it
LinkedIn is used to increase visibility and communication. Take advantage of these LinkedIn engagement changes to build relationships.
Barry Deutsch's insight:

You can now take your job ad on LinkedIn and from your company page send a notification to all your employees - what a great way for them to then take that notification/job ad - and share it with their network to boost your referrals.

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Amid COVID chaos, execs say employee engagement is up—but productivity is slipping

Amid COVID chaos, execs say employee engagement is up—but productivity is slipping | Retain Top Talent | Scoop.it
More than half of comms execs said employee engagement and collaboration have increased at their companies since the start of COVID-19. However, 40 percent of leaders said productivity declined while just 25 percent said it increased.
Barry Deutsch's insight:

Although this article is pointed at the PR sector, it could be extended to any business. Productivity is down. How do we still get stuff done? What are the right tools, tactics, and methodologies to ensure you can still hit your business goals, outcomes, deliverables, expectations, and KPIs?

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Why Top-Down Recognition Isn’t Enough + The Benefits of Peer Recognition

Why Top-Down Recognition Isn’t Enough + The Benefits of Peer Recognition | Retain Top Talent | Scoop.it
Don't constrain your company culture to top-down recognition. Peer recognition is when all employees are empowered to express appreciation for their coworkers, including their peers, managers, and direct reports.
Barry Deutsch's insight:

I just had this conversation today with a group of CEOs in my webinar on Managing Remotely in a Crisis. I was recommending that the companies should implement a peer-to-peer recognition system in addition to their other methods of showing appreciation.

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This Is Actually The Perfect Time To Assess Your Company’s Employee Engagement

This Is Actually The Perfect Time To Assess Your Company’s Employee Engagement | Retain Top Talent | Scoop.it
The smartest executives know that employee engagement surveys are not superficial exercises to solicit high scores to parade around town. The primary purpose of measuring employee engagement is to discover the truth about what’s helping or hurting your employees’ engagement.
Barry Deutsch's insight:

It's somewhat counter-intuitive, but the author is suggesting that even in the middle of a crisis like the Corona Virus - it might be the perfect time to do an employee survey and measure current engagement levels.

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Organizational Culture: Definition, Importance, and Development

Organizational Culture: Definition, Importance, and Development | Retain Top Talent | Scoop.it
Discover what organizational culture is and the techniques you can use to build a culture that leads to improved productivity, retention, and profitability.
Barry Deutsch's insight:

A really good article on defining culture, and details about how to build/refine your culture. Most interesting statistic was:

 

85 percent of organizations fail in transforming their cultures.

 

If 85% fail to transform/improve their culture - what's the biggest pain point?

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Why I Hate My Job ... And My Boss

Why I Hate My Job ... And My Boss | Retain Top Talent | Scoop.it
The truth is employee satisfaction can be considered a thing of the past.
Barry Deutsch's insight:

Usually I would not post a rant like this about culture or bosses - however, it struck me that it's a familar theme I keep hearing from many people.

 

Most of my direct clients are the CEOs and senior executives of $10-$100 million companies. They seem blindsided by this feedback over the quality of their subordinates who are managing the bulk of their organization.

 

Remember the folks at Gallup have identified that 70% of the variation in employee engagement is directly tied to the manager. If you're manager sucks, you then hate your job, your engagement is low, and your effort level is minimal because you no longer care.

 

My first question is why the CEOs of entrepreneurial and small businesses are blind the capability of their managers, and secondly, why do they accept such poor levels of effort from their workforce when the studies show that 50-70 percent are disengaged and a significant reason is the manager?

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10 Great Culture Building Activities for Remote Teams

10 Great Culture Building Activities for Remote Teams | Retain Top Talent | Scoop.it
It can be hard to connect with remote team members, but these virtual activities will make culture building and employee engagement a breeze.
Barry Deutsch's insight:

Some great ideas that I've been mentioning in my Vistage Webinars for team-building, relationship development, fun, and culture enhancement. 

 

Some of these you may be already doing - like the Birthday celebrations and morning donut/coffee breaks. There are also some other creative ideas mentioned that I've not yet considered.

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How to Go From Good to Great Employee Engagement

How to Go From Good to Great Employee Engagement | Retain Top Talent | Scoop.it
Is your team satisfied? Meaning, are they showing up and going through the motions? Or, is your team engaged? Meaning, do they want to be involved and...
Barry Deutsch's insight:

I didn't find this article to live up to the headline about how to go from good to great in employee engagement. It offered a few simple suggestions.

 

What caught my eye was the couple of studies they mentioned that showed employees think their employer has blown it during the Corona Virus Crisis. These studies ranged from 45-55%. I saw one the other day that said 75% felt their employer had done a terrible job.

 

If those stats/surveys are accurate and reflect what's going on in your organization, what's your plan to fix it?

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Recognize and Reward

Recognize and Reward | Retain Top Talent | Scoop.it
Companies should improve their performance management process to acknowledge employee performance and contributions.
Barry Deutsch's insight:

Interesting thoughts about performance mangement linked to rewards/recognition. Here are some of my favorite quotes from the article:

 

"biggest barriers to effective performance management, a top obstacle they identified was an inability to adequately reward or incentivize performance that exceeds expectations."

 

"a recognition or award—had the strongest link to effectiveness."

 

"Top-performing organizations, were significantly more likely than all other companies to reward employees with a financial bonus or a recognition or award."

 

How closely is your non-monetary reward/recognition system linked to your performance management process?

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Your Employee Engagement Program Isn't Working -- Now What?

Your Employee Engagement Program Isn't Working -- Now What? | Retain Top Talent | Scoop.it
Consider both immediate and long-term actions when it comes to your employee engagement strategy.
Barry Deutsch's insight:

Some good points in this article about employee engagement around teaching listening skills (not a strong trait of managers), effective managers (very little training going on teaching folks to be great managers - first thing to be cut in belt tightening), and working on purpose.

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Into the Future: How a Pandemic Might Reshape the World of Work

Into the Future: How a Pandemic Might Reshape the World of Work | Retain Top Talent | Scoop.it
In a post-coronavirus world, what might work look like? Will remote work become the norm? Will companies realize that some jobs are expendable, and others more critical than anticipated? Will some businesses flourish and others flounder?
Barry Deutsch's insight:

As many companies start to think about returning to the new normal or new abnormal in the next month, the big question as the article raises is "Will remote work become the new normal?"

 

I'll suggest it should, but that most companies are ill prepared with their current managers who lack the ability to be good managers in managing remotely. Since most are not training their management - it becomes one of those "let's hope for the best" scenarios.

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Employee engagement strategies for today’s workforce

Employee engagement strategies for today’s workforce | Retain Top Talent | Scoop.it
Here are 12 engagement strategies to drive long-term value for your organization.
Barry Deutsch's insight:

Some key points to think about regarding employee engagement with referencing some major studies and statistics.

 

Is there any reason why we would not want to work on raising employee engagement? How about increased profits, higher  customer retention, greater productivity?

 

Is there any reason why we would not want to invest time and effort in growing employee engagement?

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How to Help Employees Avoid Fearing Shutdowns - Glassdoor for Employer

How to Help Employees Avoid Fearing Shutdowns - Glassdoor for Employer | Retain Top Talent | Scoop.it
Managers already had their hands full and then COVID-19 struck. Now leaders must help employees navigate economic and financial uncertainties while ma...
Barry Deutsch's insight:

How do you have difficult conversations and messaging with your employees when the future is uncertain? How do you give them hope, reassurance, comfort - without false or misleading information? This article provides some good ideas around overcoming the fear that is gripping many of your employees about their future job status.

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How do you check the pulse of your employees on Slack?

How do you check the pulse of your employees on Slack? | Retain Top Talent | Scoop.it
With Slack, your teams remain productive despite the lockdown. The tool allows you to poll your employees and take the pulse of their commitment.
Barry Deutsch's insight:

As you may be aware from some of my previous posts, I've been urging my clients to move to a chat-based tool for communication like the yammer tool on teams or slack. Interesting article about taking the pulse of your employees through such a tool on a continuous basis throughout the year.

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