The Great Resignation: What is it Going to Take to Retain Your Top Talent?

“Put as much ener­gy into retain­ing your peo­ple as you do for your top clients.”

Kevin Lawrence

How many hours do you ded­i­cate to not just the pro­duc­tiv­i­ty of your best peo­ple but to their retention?

Do you know how they’re get­ting along with their team?

Are they on track for the most impor­tant priorities?

How like­ly are they to stay?

What is it going to take to make sure they stay for a long time?

After putting an incred­i­ble amount of ener­gy into hir­ing, train­ing or groom­ing top peo­ple, we get so busy that we don’t do the work we need to in order to pro­tect our biggest asset.

Right now, there’s a lot of hype about The Great Res­ig­na­tion, the inter­na­tion­al, wide­spread con­cern of sig­nif­i­cant num­bers of work­ers leav­ing their jobs. While I don’t think every­one’s going to sign out, I do know that we’re cur­rent­ly in a very tight job mar­ket. We’re hav­ing to work dou­bly hard to recruit peo­ple with com­pa­nies we work with around the world.

From April to July, near­ly 16 mil­lion Amer­i­cans quit their jobs and anoth­er 4 mil­lion+ peo­ple (the lat­ter is rough­ly 2.9% of the US pop­u­la­tion) quit their jobs in August. (US Labour)

Mit­i­gate the Great Res­ig­na­tion by Dou­bling your efforts

Our advice? Put dou­ble the ener­gy into retain­ing the awe­some peo­ple you have and make sure that they are engaged and productive.

That only works if you spend some sig­nif­i­cant time on it. I don’t know whether you should spend one, two or four hours a week, but make sure you’re doing the right reten­tion activ­i­ties for your com­pa­ny. This includes stay inter­views, know­ing your peo­ple well, inves­ti­gat­ing their frus­tra­tions and mak­ing sure you con­tin­ue to have a fun place where peo­ple want to work.

The Chal­lenge

• How many hours a week over the next four weeks should you be spend­ing on retention?
• What­ev­er you think – dou­ble it.

For more about what can you do to retain your peo­ple, lis­ten to Episode 80 of The Growth Whis­per­ers pod­cast.

Lawrence & Co’s work focus­es on sus­tain­able and enhanced growth for you and your busi­ness. Our diverse and expe­ri­enced group of advi­sors can help your lead­ers and exec­u­tive teams stay com­pet­i­tive through the use of var­i­ous learn­ing tools includ­ing work­shops, webi­na­rs, exec­u­tive retreats, or one-to-one coaching.

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