Ten Tips for Retaining Top Talent

Lumesse was interested in knowing what professionals from around the world really thought about their employers. So in May 2011, they conducted a global workplace survey to find out exactly that. The survey was sourced from almost 4,000 employees in companies across 14 countries worldwide, including the U.S., UK, Germany and China. The survey, called “Global Workplace Survey June 2011 — Like where you work — but still plan to leave?” provides a unique insight into what is really going through the minds of workers regardless of gender, age and country of origin.

The survey found that 69 percent of people are proud of where they work, and that 60 percent of people care about employer brand, but 29 percent of people plan to leave within the next five years. And a staggering 81 percent of people do not feel their skills are being fully utilized.

Perhaps those numbers look like a contradiction at first sight, but Lumesse thinks it may have found a link. The survey reveals that many people feel under-utilized and under-appreciated, so they hope these top 10 tips will help you find ways to reward and retain your people and address any potential mismatch between the talent you have in your organization and how you use it.

Click through for 10 tips that will help you find ways to reward and retain your staff, as identified by Lumesse, a talent management company.

Don’t expect your team to do things differently than you — be a model of what you aim for.

Performance is ongoing and two-way feedback should be no different. Leaving it to a once-a-year review is hard work and unsatisfying for everyone.

If you don’t give your team more opportunity to stretch, they will become disengaged and ultimately leave. Don’t under-utilize their skills and ambition.

Just because you give your team additional activities the buck still stops with you. Their success is your success; their failure is your failure.

Even a very small number of poor performers will drag you backwards. Not only do they suck up management time, but they have a negative impact on the rest of the team.

Everyone wants to enjoy going to work and it is up to everyone to make sure this is the case. Simple things like how people are greeted or inducted into your team make a big difference.

From verbal recognition to the right workplace environment, creating a team known for success makes your life that little bit easier!

Make sure your team knows how their goals and performance help the organization. Go that little bit further with your own team goals and don’t forget to celebrate success.

Knowing you have done a great job makes it more worthwhile. Public praise takes it to the next level but don’t just praise the best.

We all work hard these days, so make sure you have some fun activities outside of work. Bonding in a social environment can make a positive impact on work.