How to Foster Super Talent in your Organization

41% of Companies with Poor Training Have Employees Leave in 12 Months

Scroll down to read more!

41% of Companies with Poor Training Have Employees Leave in 12 Months

Scroll down to read more!
How to Foster Super Talent in your Organization

Table of Contents

Employee Retention vs. Recruiting Programs

Talent management and the war for talent remain a hot topic for HR, CEO’s and Recruiters as we begin to look at  2013.  Good organizations are exploring ways to recruit, retain, and train their employees.  The rest are making it easy to poach their best talent.  And I love poaching talent.  In the recruitment space, sourcing passive candidates has always been a focus especially with social media.  In 2012, a number of algorithm social media based sourcing tools have arose making searching, evaluating, and engaging top talent easier.  There are HR technology companies right now developing algorithms and big data tools that can determine when and if an employee is in the job market based on their online activities alone.  Imagine as a recruiter, creating a pie in the sky candidate database that new tech will alert you when your top employees are in the market.  All because of updates and posts to their blogs, online profiles, and social networks.  It’s happening. . .

Paycom’s infographic (displayed below) breaks down how to foster what they call super talent at your organization.  I’ve bulleted some highlights and interesting points for you.

41% of companies with poor training programs have employees plan to leave within 1 year.  Companies are struggling with what I call the chicken and the egg problem.  Why invest in your current workforce when the data tells you, they will leave in a year to 18 months?  For many companies, their retention strategy is we can just hire more people instead of focusing their efforts on retention efforts including employee development, training, recognition, and company culture programs.

The top 5 reasons why employees leave organizations.  It’s not just about money.  It’s about 1) Lack of trust in senior leadership, 2) Inefficient pay, 3) An unhealthy or undesirable culture, and 4) Lack of concern for development.  Have you polled or surveyed your exiting or existing employees and asked them why they would leave the organization?  Their answers might surprise you.  It’s not always about money, but sure money is important, but not the only thing that motivates employees to staying work at your organization.

Pay for Performance Programs increase employee retention by 27%.  We like to be recognized monetarily and publicly for our good work.  The challenge with pay for performance programs is they take time.  It’s not a simple one and done.  These take time to develop, research, and design, and in this fast paced world our leaders want instant results.  And a 3% across the board pay raise for our top performers isn’t motivating enough.  Especially for that one guy who’s leaving everyone in his work team in the dust.  A 3% raise is an insult.

Did you like this post? Share it!

11 Comments

  1. I loved this article. It is a true representation of many companies in our times. I really hope the culture changes soon.

  2. Smart way to advocate exit-polling employees, love the infograhic as well (always love a good infographic). Excited to share this with our employer clients 🙂

    1. Hi Sam,

      Thanks for the comment. Exit interviews are common, but the problem is we don’t ask the right questions or actually take the time to evaluate and view the results. I’m also an infographic fan as well.

      JMM

  3. I found you article very interesting and the use of infographic most effective. I believe that a company that invests in ongoing training and development will reap the benefits of an engaged and energized team.

Comments are closed.

A Word From Our Sponsors

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

Recommended Posts

Managing Through Uncertainty And Leading With Integrity With Cara Brennan Allamano

Episode 411: Managing Through Uncertainty and Leading With Integrity With Cara Brennan Allamano

In this episode, we interview Cara Brennan Allamano, CHRO for Lattice, about how to manage teams through uncertainty....
Navigating GPHR Recertification: Your Global HR Pathway

Navigating GPHR Recertification: Your Global HR Pathway

Uncover the path to GPHR Recertification. Dive into requirements, credit earning methods, and comparisons with other HR certifications. ...
GPHR vs SPHR: Decoding HR Certifications for Professionals

GPHR vs SPHR: Decoding HR Certifications for Professionals

Discover key insights on GPHR vs SPHR certifications: eligibility, exam details, prep tips and career paths in our comprehensive HR professional guide....

Episode 410: Conflict Management, Conflict Resolution, and Forgiveness With John Baldino From Humareso

In this episode, we interview John Baldino, Founder and President of HR consulting firm Humareso, speaking about conflict in the workplace....

Resources for Session Attendees of Digitizing Talent

Resources for conference session attendees of Digitizing Talent: Creative Strategies for the Digital Recruiting Age....

Get These #BlackFriday & #CyberMonday Deals For #HR Certification

I wanted to consolidate our Black Friday and Cyber Monday deals in one spot so that you can quickly see what's available. Snag yours...
Comparing the PHR vs PHRi HR Certification Exams

Comparing the PHR vs PHRi HR Certification Exams

Uncover the nuances of PHR vs PHRi Certification Exam for HR professionals. Learn which boosts your career prospects best in our detailed guide!...

Job Jackpot: Navigating the Job Market in the Online Gambling Industry

Job Jackpot: Navigating the Job Market in the Online Gambling Industry Humans have always been interested in gambling fun. Even in ancient times, people...

Checkout Our Products

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

More From Workology

Managing Through Uncertainty And Leading With Integrity With Cara Brennan Allamano

Episode 411: Managing Through Uncertainty and Leading With Integrity With Cara Brennan Allamano

In this episode, we interview Cara Brennan Allamano, CHRO for Lattice, about how to manage teams through uncertainty.

Digital Recruiting: Shaping the Modern HR Landscape

Discover the transformation of digital recruiting, its impact on HR tech and how it's reshaping CEO perspectives on measuring human capital.

Job Jackpot: Navigating the Job Market in the Online Gambling Industry

Click on read more to open this post on our blog.
Comparing the PHR vs PHRi HR Certification Exams

Comparing the PHR vs PHRi HR Certification Exams

Uncover the nuances of PHR vs PHRi Certification Exam for HR professionals. Learn which boosts your career prospects best in our detailed guide!