As economic conditions slowly improve, organizations all over the world are beginning to focus on growth. But, as global organizations prepare to move forward, many say one particular challenge stands in their way: retaining top talent.
A Towers Watson survey of more than 700 global companies revealed 51 percent view the loss of key talent as the biggest obstacle to growth. An additional 38 percent cited concerns about attracting the right talent to fit their needs.
What can be done to keep top performers on board? How can your organization bring new talent to the table? In a time when salaries are frozen and budgets are tight, consider these:
• Consistent Communication – Discuss goals and expectations with employees. Recognize effort, provide constructive feedback and reward results. When workers feel their employer is vested in their career development, loyalty is the result.
• Training – Arm employees with the knowledge and support needed to do their jobs effectively and efficiently.
• Team Building – A well-planned team building workshop or program can build trust, improve morale and bolster culture.
O.C. Tanner has the tools to help you attract, develop and retain top talent. We would like to explore whether we can help to develop solution that matches your unique culture and goals with some of our best practices, maximizing results for you.
