How to manage turn over and retain your talents

Turnover vs Talent Retention
What do you really care about?
cc: rgmcfadden - https://www.flickr.com/photos/11380191@N05

ACKNOWLEDGMENT
This presentation was developed years ago for me to share with a
group of students regarding my personal view of the topic. However,
I see it could be beneficial for anyone who has an interest in
managing their talents with some pretty good viewpoints.
The document was a product of combining multiple knowledge
sources and my personal experience and experiment through over
my 10-years of living my professional life as an HR professional (until
that time). For some reason, I had not stated some of the sources of
knowledge (That’s my bad and I am so sorry for that) – So, be careful
if you have the intention to extract some of the knowledge here for
making money.
Hope this collection of ideas and practices will be useful for you in
ways that nurture people around you.

Is turnover always a "bad" thing?
cc: theqspeaks - https://www.flickr.com/photos/83261600@N00

Some
turnovers
are good
that you
should
probably
expect and
encourage it
cc: justmakeit - https://www.flickr.com/photos/14841234@N02
High tenure
but Low
motivation
Highly
Disengaged
Low
performers

Money, 89%
Others, 11%
MANAGER VIEW
Money, 12%
Others, 88%
REALITY
What causes Employee Turnover?
Source: The 7 Hidden Reasons Employees Leave – Leigh Branham

It is mostly line manager's responsibility
While HR playing a supporting role on providing tools and frameworks
cc: Paul L Dineen - https://www.flickr.com/photos/21983356@N00

Satisfaction vs Engagement
What are you looking for? What's the difference?
cc: Stuck in Customs - http://www.flickr.com/photos/95572727@N00

$350 Billion per year
Actively disengaged employees cost the American economy in lost productivity- Gallup
cc: rafael-castillo - https://www.flickr.com/photos/7972895@N02

Signs of disengagement
• Turnover increasing
• Raising absenteeism
• An increase in employee
complaints
• Lack of learning behaviors
• Difficulty developing talent
• Erosion in trust
cc: Henry M. Diaz - https://www.flickr.com/photos/30849327@N00

Get your people engaged for higher satisfaction and productivity
How to build a engaging workplace?
cc: Mike Schreifels - http://www.flickr.com/photos/14822570@N00

Keys of employee engagement
• strongRelationship
• positiveCulture
• hugeOpportunity
cc: Instant Vantage - https://www.flickr.com/photos/44312356@N04

Relationship
1. buildTrust and beWorthyOfTrust
2. appreciateEmotional-Intelligence
3. unlockPositivity
4. beFair
5. provideAutonomy
6. broadcastTeamSuccesses
cc: MarilynJane - https://www.flickr.com/photos/71153021@N00

Positive culture
cc: Nina Matthews Photography - https://www.flickr.com/photos/21560098@N06

Strong culture
1. Building Transparency
2. Modeling Desired Behaviors
3. Building Intrinsic Motivation
4. Exploring Sacred Cows
5. Fostering Accountability
6. Recharging with Team Building
cc: Simon Greig Photo - https://www.flickr.com/photos/32563803@N00

Offer Opportunity
for future growth and advancement
cc: Ravages - https://www.flickr.com/photos/44124298927@N01

Opportunity
1. Developing Career Paths for employees
2. Developing Goals and exploring Big Hairy
Audacious Goals (BHAGs)
3. Coaching & Mentoring your team
4. Training for greater impact
cc: andyburnfield - https://www.flickr.com/photos/14525812@N00

5 Steps for Managing Retention
1. Have a clear Talent Strategy.
2. Put in place a holistic response to enhance retention – money is
not and should never be, the only answer.
3. Build a change-ready-workforce – so that you are ready for the
“worse case”.
4. When turnover is “uncontrollable”, don’t waste time controlling
it… instead, find alternative solutions.
5. Track turnover rigorously, and manage it pro-actively.

So that you know where to “keep”, and where not to
Talent segments
is the starting point of a clear Talent Strategy
cc: laubarnes - https://www.flickr.com/photos/29174998@N05

Employee Value Proposition
What do the others can expect from your organization?
cc: Aero7MY - https://www.flickr.com/photos/60373961@N04

A broad-view of total “Reward”
Source: Towers Watson 2011 shared to Society for Human Resource Management

Employee Value Proposition
Source: The 7 Hidden Reasons Employees Leave – Leigh Branham

Now it's your turn. Let do something for your team!
Nothing will be changed until you take action
cc: Pörrö - https://www.flickr.com/photos/7294103@N03

cc: Jon Ashcroft - https://www.flickr.com/photos/14893590@N00

How to manage turn over and retain your talents

More Related Content

Similar to How to manage turn over and retain your talents

Recently uploaded

How to manage turn over and retain your talents

Editor's Notes