A survey of 500 executives from small, mid-size, and large companies in the US, was conducted. This article provides 3 key insights on retaining quality talent in organizations.
Prioritizing employee development – The survey found that providing opportunities for professional development is the most effective way to retain quality talent. This includes offering training programs, mentorship, and other resources to help employees grow in their roles and advance their careers within the company.
Fostering a positive company culture – The survey also found that a positive company culture is essential for retaining quality talent. This includes creating a workplace environment that is supportive, inclusive, and values-driven, and fostering a sense of community and camaraderie among employees.
Offering competitive compensation and benefits – Finally, the survey found that offering competitive compensation and benefits is critical for retaining quality talent. This includes not only salary and bonuses, but also benefits such as health insurance, retirement plans, and flexible work arrangements.
While retaining quality talent can be challenging, it is essential for the long-term success of a company. By prioritizing employee development, fostering a positive company culture, and offering competitive compensation and benefits, companies can increase their chances of retaining their top performers and creating a strong, engaged workforce.
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ABOUT THE AUTHOR
“Jody Ordioni is the author of “The Talent Brand.” In her role as Founder and Chief Brand Officer of Brandemix, she leads the firm in creating brand-aligned talent communications that connect employees to cultures, companies, and business goals. She engages with HR professionals and corporate teams on how to build and promote talent brands, and implement best-practice talent acquisition and engagement strategies across all media and platforms. She has been named a "recruitment thought leader to follow" and her mission is to integrate marketing, human resources, internal communications, and social media to foster a seamless brand experience through the employee lifecycle.”
