Keeping the best: 11 ways to retain key talent

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in Compensation and Benefits,Human Resources

by Dow Scott

To thrive in today’s economy, employers must focus retention efforts on their highest performers. Here’s how:

1. Define ‘key talent’

Decide which employees and skills are crucial to your company’s success. Are key employees your top performers? Those with the greatest potential? The ones holding critical jobs? Once you know exactly who you want to retain, you can start figuring out how to keep them.

2. Monitor job satisfaction

Don’t let a valued superstar’s resignation be your first clue that she has been thinking about quitting. En­­cour­­age managers to talk to employees so they can spot signs of dissatisfaction. Resolve problems and provide opportunities before key players start job-hunting.

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3. Compensate above the market

A new report by WorldatWork, Loyola University Chicago and Hay Group reveals that money speaks volumes when ...(register to read more)

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