What does it take to recruit and retain today’s top talent? According to these Microsoft employees, they chose a career at Microsoft because of the following reasons:
What kind of impression does your company give to prospective employees? Do your employees feel free to experiment, innovate and create?
Are you having trouble attratcting and retaining the talent you need? Talent management strategies, if not effective, can slow business growth and effectiveness to a hault. I read an interesting article this morning that points out ways in which retention problems can begin during the hiring process:
In most organizations the recruiting function is entirely separate from the retention effort, yet the design of the hiring process has a dramatic and direct impact on future turnover. More than one-third of the factors that drive future turnover have their roots in the recruiting, hiring, and on-boarding process.
Recruiting Factors That Impact Future Retention
If you’re interested in reducing turnover, here are some of the hiring-related factors that impact future retention:
1. The source where you found the candidate.
2. Their average tenure in other jobs.
3. Hiring candidates who are focused on money.
4. On-boarding and orientation.
5. Recruiter involvement after the hire.
6. The lack of diversity orientation and retention.
7. Manager rewards for great retention.
8. Being aware of the most common causes of turnover. “
Read the full article “Retention Problems Begin During the Hiring Process.“
I have talked a lot in this blog about motivation and influencing, because no leader – no matter what their position – can be truly effective without the ability to motivate others and influence change. As I wrote in a recent white paper on creating organizational change:
“Have you had great ideas to improve your organization that you were sure would be immediately embraced by all employees? Were you left wondering why the idea withered on the vine lacking the enthusiasm and support you had anticipated?
“You’re not alone. Whatever the change initiative was, based on industry experience, chances are less than 50/50 that it was implemented as planned and that you attained the expected results. The ability of any organization to adapt may be its only sustainable competitive advantage.
“Despite this, organizations experience resistance to important initiatives and a growing inertia. This lack of action undermines implementation and slows business results.”