I have been putting a lot of thought into DMAI’s team member retention efforts lately. I came across a few articles on one of the HR blogs I follow, http://www.hrinasia.com
“Talent retention is part of the bigger ecosystem of talent management. To solve the challenge of talent management, it takes more than a one-sided solution, but a holistic approach. Hopefully, employers are enlightened to see the bigger picture, and realize the first step to solving talent management challenges begins with themselves.”
Here are some of the high points:
- You get three lifelines. Employee engagement, culture, and leadership are lifeline issues. The separation between healthy and successful companies and unhealthy and failing companies always come down to these lifeline issues.
- It’s A New World for HR. Human Resources as a function is at a crossroads and must reinvent itself. Technology has forever changed the way we recruit, hire, train, retain and reward our people.
- Data Doesn’t Lie. Data is now integral to all decisions HR must make. I can talk all day about the value of analytics in an organization.
- Brand Matters. Employees showing the strong link between good company image and talent retention – the better the company image and reputation, the more likely talent is retained.
- Remote workers are often happier and more productive. The benefits of having a remote team to the business healthy growth of a company cannot be underestimated. In fact, in majority of cases the advantages outweigh the disadvantages especially when it comes to engagement.
With this in mind, we conducted a recent survey and found the feeling Valued and Appreciated were more important to more DMAI team members then being Paid Well.
This is not news to me, but it does validate what I thought to be true. We have a lot of work to do to up our game when it comes to retaining our people.