Welcome back to Strategic Counsel by ForthRight Business! Looking for Marketing Smarts? You’re in the right place. After almost 4 years of helping to make you savvier marketers, we decided to broaden this podcast to include more business-oriented topics that will make you savvier business leaders.
In this episode, we’re talking about how to retain talent in this competitive job market. Listen to the episode on Apple Podcasts, Spotify, and your other favorite podcast spots – follow and leave a 5-star review!
- Episode Summary & Player
- Show Notes
- Strategic Counsel Summary
- Transcript
How to Retain Talent in This Competitive Landscape
We just covered the keys to recruiting talent in this competitive landscape. In this Part 2, we dive into what may be even more challenging: retaining talent. You can retain talent today by keeping a constant temperature check on the environment, knowing who your key players are and tapping into them, treating people like individuals, and staying on top of your training programs, review processes, and reward systems. You’ve done the hard work of recruiting your team. Now, it’s time to keep your team together. Here’s a small sample of what you will hear in this episode:
- How personalized gestures produce results
- how to build supportive systems for employees
- Adopting a daily approach to appreciation
- Recognizing that not everyone’s growth looks the same
- All leaders are responsible for retention
- Small actions have a big impact
Check out the episode, show notes, and transcript below:
And as always, if you need help in building your Strategic Counsel, don’t hesitate to reach out to us at: ForthRight-People.com.
Show Notes
- How to Retain Talent in This Competitive Landscape
- [0:31] Intro + focusing on retaining
- [0:53] Challenges of retention
- [1:22] Tough Love approach
- [1:51] How to escalate talent loss issues
- [2:45] Retention is a constant effort
- [3:15] Every leader is responsible for retention
- [4:08] Practical example of leadership involvement
- [5:26] How to build supportive structures for employees
- [6:50] Avoid the “once-a-year fix” mentality
- [7:18] How leaders can recognize difficult times and provide support
- [8:16] Adapt retention strategies to fit today’s workforce needs
- [10:18] Embracing a culture that values feedback, recognition, and support for employees
- [11:05] Identifying key team players and keeping them engaged in feedback loops
- [12:31] Avoid one-size-fits-all retention strategies – customize to individual needs
- [13:57] How small, thoughtful gestures build lasting loyalty
- [16:19] Retention is about compromise
- [17:16] Knowing your team members well allows for meaningful rewards and incentives
- [19:36] Building a recognition system within the company reinforces retention
- [20:03] People want their work to be valued
- [21:55] While career growth is important, the day-to-day feeling of appreciation is crucial
- [22:24] Real retention comes from a continuous culture of acknowledgment
- [24:07] Organized appreciation days or team events don’t have the same impact as personal recognition
- [25:05] Many employees leave jobs because of poor leadership
- [28:51] Offering personalized coaching is valuable
- [32:55] Forcing people into management roles as a form of growth doesn’t work for everyone
- [34:49] Withholding development opportunities to younger employees is shortsighted
- [37:02] Investing in great employees is always worthwhile
- [38:30] Learn more at ForthRight-People.com and connect with us on Facebook, Instagram, and LinkedIn
- [38:31] Make sure to follow Strategic Counsel by ForthRight Business on your favorite podcast spot and leave us a 5-star review on Apple Podcasts
What is Strategic Counsel?
Welcome back to Strategic Counsel by ForthRight Business! Looking for Marketing Smarts? You’re in the right place. After almost 4 years of helping to make you savvier marketers, we decided to broaden this podcast to include more business-oriented topics that will make you savvier business leaders.
Thanks for listening Strategic Counsel. Get in touch here to become more strategic.