What works today in terms of retaining your top talent may not necessarily be the case a year from now. And although your talent is utilizing and responding to your systems, your corporate philosophy and all the technology you currently have in place, the rapid pace of change may render your processes obsolete at lightening speed.
For example, many employers have recognized, only recently, the importance of developing a diverse talent pool. They’re reassessing gender and cultural biases to make sure that there is greater, equal opportunity.
In addition, greater diversity is now linked to greater profitability. To strong teams, and increased opportunity to innovate. Aristotle put it this way, “The worst form of inequity is trying to make unequal things equal.” So, how it is possible to achieve higher levels of retention when leaders are consistently seen as modeling exemplary attitudes and open-mindedness.
In summary, keep in mind that employees are more likely to stay because of genuine displays of trust, respect, camaraderie, and expressions of appreciation which acknowledge a persons value. It is these intangibles that are immeasurable and priceless aspects of your workplace culture. They are the keys to retention.
As you heard on my previous series on change, nothing changes if nothing changes. So, in summary, remember that your talent management strategy can’t be static. You need to adopt a fluid approach and be willing to adjust.
To succeed with your talent strategy, you need to be one step ahead of your talent. And invest in your talent both financially and non-financially by putting at least one or two of these ideas into practice. And as a result you will see higher levels of engagement, higher levels of retention, and a thriving workplace atmosphere.
This article is a transcript from Talent Management Ep.5 – Evolving your Talent Management Strategy 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