Talent Drain on the Brain

Missing talent

Missing talent in your organization

As most American companies continue their ongoing emergence from the recession, they are faced with a significant problem: Despite persistent levels of high unemployment, there is an increasingly serious dearth of the highly skilled talent they require to remain competitive.

To some degree, the recession doubled as a nifty retention strategy; when there was nowhere else to go, no one wanted to leave and now that may now no longer be the case. Success-minded companies must determine who and what they need.

When it comes to their customers, most companies are clear about who their core customers are and what they require to remain customers. Companies should be equally analytical in identifying and segmenting their must-have key talent. They should consider developing the top-tier talent management programs that can attract and allow them to keep the critical talent they need.

Integral to any strategy for wooing, winning, and retaining key talent is an understanding of the critical talent’s “must-haves.” Understanding the different goals, ambitions, and expectations of the new multigenerational workforce is customary.

In Deloitte’s March 2011 global employee survey:65 percent of respondents said they are exploring their career options, and the respondents cited the following weaknesses in their companies’ corporate talent programs:

  • Uncertain career paths (57 percent of respondents)
  • Lack of trust in leadership (57 percent of respondents)
  • Difficulty keeping top performers (50 percent f respondents)
  • Inadequate training programs (48 percent of respondents)
  • Poor leadership development (35 percent of respondents)

Beef up your strategy to attract and retain the skills need for your organization, contact Mary Hladio, (513) 984-9333 for a 30-minute complimentary consultation to discuss an action plan.

Business Finance (09/11) Schwartz, Jeff; Erickson, Robin

Web: www.embercarriers.com|Twitter: www.twitter.com/embercarriers|LinkedIn: www.linkedin.com/in/mhladio 

 

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29 Responses to “Talent Drain on the Brain”

  1. Mary,

    I enjoyed this article! It’s very challenging for employers to attract and keep talented employees in these days where unemployment has created a vast pool of human resources but budget constraints and short-term strategies prohibit to make the best investment. It might be puzzling, but the turnover ratio in many companies is very high, which is not supposed to be the case in recession. This makes it clear that while for many people this is a huge problem, for others is a time of opportunity to find the best match in the market. The dance between employees and employers is on, and may the best players win!

    Best Regards,
    Alejandro

  2. Mary Hladio says:

    Alejandro – you are absolutely correct. Despite there being a recession make no mistake there is still a war for talent that exist. Companies need to understand that it not about recruiting it is about retention.

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