Keeping talent is business critical
Employees with a good fit, high engagement and 10+ years at an organisation perform 18% higher than the average employee and 35% higher than a worker who lacks all three elements.
All of those three elements can be tricky to find! Finding a good fit is the first challenge. The second is keeping them motivated and engaged, and the third is keeping them for a long time.
Employees don’t leave a job, they leave a manager, and your managers can have a huge impact on the most common reasons why people choose to leave:
- Career advancement or promotional opportunities: 32%
- Pay/Benefits: 22%
- Lack of fit to the job: 20%
- Management or the general work environment: 17%
- Flexibility/scheduling: 8%
- Job security: 2%
Improving Talent Retention
People Puzzles are experts in improving talent retention. It isn’t an overnight fix but requires an employee retention strategy and careful planning.
Our interventions include:
- Ensure people with the right skills are in the right roles
- Train and develop managers to improve their skills and approach
- Improve work/life balance including methods such as flexible working times or remote working where possible
- Improve communication and engagement across the business
- Define and share a culture that suits the business
- Upskill your staff to provide career advancement opportunities
Succession Planning
Healthy businesses don’t just focus on who is working today and what skills they have now; they keep an eye on the future, and where the business is going. That means a focus on both managing performance and looking ahead at succession planning.
Our succession planning process
Our UK-based People Directors can help you with succession planning in the workplace. We will work with you to:
- Understand and articulate what makes a great supervisor, team leader or manager
- Evaluate staff – where they are today and where they could get to
- Give opportunities to people to test and develop their leadership and management skills
- Provide training and development to your star performers
- Move people up in the organisation – it’s crucial to have strong deputies in place as you expand or in case people leave
Benefits of succession planning for your business
Succession planning and talent management are crucial for:
- Business contingency and continuity
- Giving your staff career development opportunities
- Making the most of your brightest and best team members
- Building loyalty and long-term knowledge in the team
- Steering a steady ship with low staff turnover
- Improving employee retention
Contact us to see how we can help to improve talent in your business, ensuring your people are perfectly placed, and that they stick around.
Looking to find out more on talent retention? Try our guides:
What is talent retention?
What is retention in HR?
How do you retain talent?
What is recruitment retention?