Approach to retain high performing talent in an organization.
Who is a high performer & what he
delivers to an organization ?
High
performing talents deliver their output very efficiently and professionally.
And these talents always think very strategically and cleverly towards their
task and goals. These people always show higher degree of self-motivation.
And they are well obligated towards their responsibilities. Therefore, high
performing employee always become a great asset to an organization.
These individuals show very prominent &
great attributes in their jobs. The positive attitude and energy that pumped to
the working environment are the key factors of identifying these individuals.
They always show a great discipline and has ability to change actions and
executions based on the situation that they are facing. Therefore, a smart HR
management be able to identify a high performing employee very easily.
"The people with spirit of curiosity, and flexibility who possess the skill, attitude, capabilities and potential to help organization to grow and evolve are high performing talents"(Martin & schmidt, 2017).
The approach to retain the HP talent.
Senior HR Leadership of an organization should have an attractive and ideal approach to identify and treat the high performing employee in the organization. To develop or introduce a such an approach, it’s reasonably important to concentrate on few essential factors behind on this. Understanding employee pulse, areas of interest, and elements that motivate them are crucial factors in this content. The most critical point to think is capable and competent employees are in demand.
Approach 1 : Attract the High Performing employee with organization.
To retain the HP employee, there should be an environment, could support employees to have a great trust about the organization. That mindset creates massive motivation to attract with the company.
• Organization
brand image.
• Culture
of empowerment.
• Financial
& non-financial benefits
• Carrier
progression plans.
are the areas where create employee interest as
well as a strong bond with the company. Therefore, attraction mindset is a key
approach for HP employee’s retention in an organization.
Approach 2 :
Develop the High Performing employee in organization.
Further developing a HP employee can be arguable factor. In current content, most HR managements pay lot of attention to develop the people who are in less performing zones. It is necessary and important to pay attention too to the people who perform better in the organization is a crucial factor. Sometimes the technical competencies may lead these HP employees to be in that zone, but they required some development in behavioural competencies or may be in professional competencies. Therefore, by offering HP employee to develop their weaker zone add more value to both parties. That motivation and moral leads to retain the talent with the organization.
Approach 3 :
Engage with the High Performing employee in organization.
Leadership engagement is a sensitive area for any employee in an organization. The environment having less engagement with the work force is not much attractive and progressive. To retain the grate talents with the organization the engagement mechanism also plays a leading role. Therefore, clever HR management use this tool very smartly to retain the HP talents with the organization. That engagement should not just a physical one on one. It should have a deeper meaning.
- Hand - Engagement through physical presence.
- Head - Engagement through mindset and the thinking pattern.
- Heart - Engagement by heart.
Above factors are most effective approaches to
engage with the employees. Good relationship create some important values to the working
environment such as mutual trust and respect. Absolutely this people engagement
mechanism supports to retain the HP employee with the organization.
Self-esteem people have higher degree of job
satisfaction and performance (Robbins, 2003; Atokatha, 2016).
Conclusion
It’s important to retain the high performing talent with the organization. Because that will decide the total business growth, profits, and stability. Therefore, good HR management put lot of effort and mind time to use different approaches to stick these employees with the organization. By moving out from traditional approaches, it’s necessary to bring an innovative and creative thinking, to craft a fresh methodology to the working environment. That leads the company to retain the best talent or the HP employees with the organization for a brighter future.
References
Armstrong, M. (2006). A book of Human Resource
Management Practice. London: Kogan Page Limited.
Dinnen, M., &
Alder, M. (2017). Exceptional Talent: how to attract, acquire and retain the
very best employees. London: Kogan page Limited.
Martin , J., &
Schmidt, C. (2010, May). www.shrm.org. Retrieved from
https://www.shrm.org/: https://www.shrm.org/hr-today/news/hr-magazine/Documents/how-to-keep-your-top-talent.pdf
Nice article with more details.Good work Duminda
ReplyDeleteIf I add more, At a time when talent is so crucial, organizations must put strategies in place to avoid losing the people with the most value to your business. Here are five strategies for retaining high-performing employees ("Strategies For Retaining High Performing Employees | Monster.com", 2021).
1. Measure Progress Quarterly
2. Invest in Their Learning and Development
3. Openly Communicate With Them
4. Give Them High-Visibility Assignments
5. Pair Them With Effective Mentors
Before retaining a high-performing employee, organizations have to find one. The process starts with a recruitment strategy .So you have detail wise described about those areas.Thanks for sharing.
Hi Umesh,
DeleteAppreciate your valuable input on the post. Your comment provide an encouragement to deep dive the topic to a certain extent further.
Thanks.
This comment has been removed by the author.
ReplyDeleteEnsure every employee understands what is expected of them. Help them to have a purpose aligned with the company that they can be passionate about every day. Build a trust culture, modelling the behaviors employer expect. I think it is the practical way of retaining talents at home office.
ReplyDeleteThanks for your thoughts Oshadha.
DeleteIn today's business world, one of the biggest challenges is keeping up with technological advancements. Companies relationships with their employees are about to undergo radical transformations as a result of fundamental shifts in the work force and the workplace. Employee retention has become a concern for all companies in the current strong job market as we continue to advance at an increasing rate in every field. Using traditional approaches together with innovative approaches is essential to retain employees
ReplyDeleteThanks for your insights about the topic Tharindu.
DeleteInformative article Duminda, handling of staff retention comprises strategic arrangements to stay employees motivated and focused in order that they elect to stay employed and fully productive for the advantage of the organization. A complete employee retention program can play an important role in both attracting and retaining key talents, as well as in decreasing turnover and its associated costs. All of these factors contribute to an organization's productivity and overall business performance. It is more practical to retain a top quality employee than to recruit, train and orient a replacement employee of a similar caliber.
ReplyDeleteRally appreciate your valuable input to nourish the post.
DeleteOrganizations put a huge effort to retain high performing employees through introducing engagement strategies. Mostly they use proper communication, training and development, Reviewing methods, and asigning important and critical projects to make them feel that they are so much valued to the organization. Thankyou for sharing Duminda.
ReplyDeleteKeep top performers on board for the long term is critical and success of a company. Customers are satisfied, product sales are increased, coworkers are satisfied and happy, succession planning is effective, and historical and institutional organizational knowledge and learning are preserved, according to widespread agreement among businesses. To accomplish this, they primarily rely on effective communication, training, and development, review methods, and the assignment of important and critical projects in order to make them feel that they are extremely valuable to the organization.
ReplyDeleteRetaining key employees is critical to the long-term success of an organization. Keeping best employees ensures customer satisfaction, increased product sales, satisfied, happy coworkers, and effective succession planning of the organization. Failing to retain a key employee is costly to the bottom line and creates organizational issues such as insecure coworkers, excess job duties that coworkers must absorb, time invested in recruiting, hiring, and training a new employee. As you discussed through the article, employee retention can cost money and it can also lead to more productivity
ReplyDeleteFind people who are self-motivated, intuitive, accountable, transparent, transparent and proactive rather than reactive. Job candidates with a growth mindset are more likely to be interested in learning new abilities and improving existing ones. These goal-oriented recruits are usually adaptable, flexible, and self-Motivated. For other employees, you're the "go-to" person. You must first recruit and hire a high-performing individual.
ReplyDeleteGood article Duminda.There are so many strategies which can be used to retain high performing existing employees. Salary and other benefits, Provide opportunities to grow, Work life balance, invest in employee development, establish cut and clear policies and expectations etc...
ReplyDelete