Hiring and Retaining Top Talent Blog

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Should it be a shock that few companies have a rigorous process for retaining top talent?

February 4th, 2008 · No Comments

After 25 years in executive search, over 1000 search assignments, training over 50,000 executives and managers in the steps to hire and retain top talent, we are still astounded by the lack of any systematic process for retaining top talent in most companies.
The traditional model of retention goes something like “You should be happy to have a job - oh and by the way, if you’re unhappy, we have a long line of people behind you who might want this job!” Does that sound dysfunctional or what?

The real work starts after you’ve hired top talent. In our management workshops on retention, we discuss the need to instill in your culture a discipline around finding and keeping the very best. Your new executives and managers have to be adept at bringing aboard the best they can find. Their new hires have to respect them as outstanding developers of talent. It’s a great circle as the metaphor goes in The Lion King. Top talent will only go to work where there is a culture of top talent - they’ll leave when the organization is not committed to hiring and retaining great performers (Think Kobe Bryant).

Where is your organization on the great Circle of Hiring and Retaining Top Talent? Where would you like to be in 3 years? Do you have a specific tactical precise plan to get there that is written down right now? If not, it’s unlikely you’re going to even be on the circle, let alone improving it! We’ve spent two decades perfecting a process to improve hiring and retaining top talent - we call it the The Success Factor Methodology.

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Tags: Hiring Process · Hiring Top Talent · Retaining Top Talent

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