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Multigenerational Workforce

The Impact of Leadership on Talent Retention (Part 2)

November 8, 2018 by Michelle Ray

Talent Management, leadership impact on talent retention

Imagine investing time, money and energy to attract and recruit top talent at career fairs, and ultimately failing to plan for your new hires first days, weeks and even months at your organization. If you’re not doing all you can to inspire an individual to perform at his or her best at the outset, the chances are high that you’ve not only wasted your time and efforts attracting them, you’ve sown the seeds for disengagement and disenchantment from the first days on the job.

A Korn Ferry Future Step Survey conducted last year revealed that although almost all executives agreed that talent retention and mentorship are critical, about 25% of new hires will leave within the first six months, and the main reason for that is that their role wasn’t what they expected. What’s interesting is that 69% of companies surveyed say they have a formal onboarding program in place for all their new employees. However from the employee’s perspective, nearly a quarter of them say that their program lasted only one day, and about a third said they lasted only for a week. How inspiring is that?

The onboarding phase, this is a critically important period for a new employee. They need to receive purposeful, well thought out orientation and it needs to happen within the first 90 to 120 days. So ask yourself, do you have a strategy in place to welcome new recruits? Because during that time, this is what should happen, it’s a period where you’re establishing benchmarks. This is also a time where they get to connect with key personnel, it’s the time where you want to be able to provide them with hands on training and support, and that’s how they’re able to acclimatize to the culture. Remember, those first 60 to 90 days are critical, we cannot expect people to just fend for themselves.

In summary, your onboarding strategy has to be well thought out and intentional. When your organization fails to setup a new hire for success in the early stages of his or her career, job dissatisfaction and ongoing turnover are likely consequences. So let’s realize that talent retention can be improved by practicing preventative maintenance, making the appropriate arrangements for new employees to flourish right from the first day.


This article is a transcript of Talent Management Ep.2 – The Impact of Leadership on Talent Retention on YouTube.

Michelle Ray (Twitter) is one of the best international leadership keynote speakers in Vancouver. She helps you discover your potential through presentations, coaching and consulting. With over 20 years of experience Michelle has worked with hundreds of companies around the world. She is taking bookings for speaking engagements and can be contacted at MichelleRay.com

Filed Under: Business, Effective Hiring Practices, employee engagement, Employee Motivation, Multigenerational Workforce, Passionate Leadership, Recruitment Strategies, Workplace Culture Tagged With: hiring, retention, staff management, Talent acquisition, talent management

Why It’s Time To Stop Bashing Millennials

January 29, 2018 by Michelle Ray

Why It's Time To Stop Bashing Millennials

Why It's Time To Stop Bashing Millennials

Admit it. Your personal biases regarding the millennials have come up in professional conversations. You couldn’t help yourself. (Or, could you?) Perhaps you were triggered by a comment, behavior or situation at work. Or you may be oblivious to the fact that the disparaging lens you use to view them, or indeed any team member that is different to you, is reflecting on your leadership style and your business. Whether you are reacting consciously or unconsciously, the time has come to stop bashing millennials.

Some may argue that perception is reality when it comes to opinions and experiences regarding interactions with millennials. Nonetheless, there are compelling reasons to strongly counter this line of reasoning:

The economic cost to your employer brand

Your employer brand conveys your organization’s identity in the eyes of prospective talent. Therefore, to label an entire demographic who happened to be born in a specific time frame as “lazy, entitled, selfish, arrogant, narcissistic, self-absorbed, impatient”, etc. (terms often used to describe millennials) does nothing to advance your reputation and appeal to a sought-after generation of workers. Competition for their skills has never been greater, especially when you realize that millennials now represent the largest cohort of the workforce in North America. By 2025, they will represent three-quarters of the global workforce.  [Read more…] about Why It’s Time To Stop Bashing Millennials

Filed Under: Millennials, Multigenerational Workforce Tagged With: Age Bias, Keynote Speakers Canada, leadership, Michelle Ray, Motivational Speakers, Stereotyping, Workplace Culture

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