Employees today feel stressed, unclear about new expectations, and ready to bail for another job.
Companies not knowing what else to do, attempt to soothe and keep these employees by providing promotions or job transfers.
This IS the most expensive unrealized management practice in companies today. And, has been for a very long time. Why?
Promoting someone before they are ready or moving someone into a job that is not a good fit will have them leave. (Remember, they were once good employees.) They will take with them customers and top talent.
How do you stop this costly management practice?
There are 3 places you can impact your employees and keep top talent:
Ø Hire: The least expensive and most effective place to start. When was the last time your company designed a selection process that used real objective data to achieve consistent results?
Ø Coach: Most bosses and executives are poor coaches. What is the cost of hiring qualified coaches for bosses vs. top talent leaving?
Ø Before They Leave: Bosses ignore the signs and offer more money (or other perks) to keep them! What are you doing to keep top talent engaged and looking forward to work each day? (Hint: Giving them more money or perks doesn’t last since they’ll still leave in the near future. Same with ill-advised promotions or job transfers.)
Is there a better way? Definitely! If you’re struggling or uncertain how to use the right tools and practices to stop this expensive management practice, contact me. We’ll start a conversation of how to improve your management practices. JLSeibly@SeibCo.com Or if urgent, 303-917-2993
It’s the 2nd Quarter! Let’s create a new normal that supports each and every employee.
Your customers, top talent, and bottom line will thank you!
©Jeannette Seibly, 2021 All Rights Reserved
Jeannette Seibly is The Leadership Results Coach. She has been an award-winning executive coach, management consultant, and keynote speaker for over 28 years. She is an expert in guiding leaders and their teams to get unstuck and achieve dynamic results. Contact Jeannette for a confidential conversation.