LSA Global Insights Newsletter: January 2014

January 20, 2014

3 Proven Ways Managers Engage Employees (without Money)

The talent of your team matters.

The talent of your team matters.

Successful leaders understand that extraordinary results are the byproduct of a dedicated team of engaged, motivated and high performing employees. Unfortunately, high growth companies often make the following people mistakes ...mistakes that negatively impact the business:
  1. Hiring for speed instead of cultural fit to meet increased demands.
  2. Neglecting key non-monetary moves that help retain current and potential "A" players.

An organization's top talent is always vulnerable to competitive offers. Most leaders know that (regardless of what they tell you on their way out the door) employees typically leave managers - not companies or jobs.

Bad managers make it nearly impossible for employees to be satisfied, but good managers know how to protect their direct reports from job or company failings such as ineffective strategies, structures, processes, systems, plans, policies and politics.

Improve the capabilities of your managers and you can make a huge difference in attracting, engaging and retaining top talent that consistently achieves best-in-class results. You can't afford to lose talented team members because of poor management practices.

Read more about the 3 proven ways to Engage Employees...

About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned

3 Smart Questions to Keep 92% of Your Top Talent from Abandoning You

Could it be that only 8% of your workforce truly wants to stick around?

Last month, the New York Times reported that the jobless rate in the U.S. is the lowest in 5 years. Manpower ran a recent online poll of nearly 900 workers that found 83% are actively looking for a new position and another 9% percent are networking to see what is available. That adds up to 92% of respondents on the move. Add these factors to LinkedIn becoming such a powerful passive recruiting tool, and the situation adds up to a wake-up call for leaders looking to grow. Put employee retention on the top of the strategic agenda at your very next management meeting.

If your top talent--the ones who watch your back and who can run with any ball you toss their way--is leaving (or at risk of leaving), you had better figure out why. You need to put a stop to the brain drain. Not only can your organization lose momentum as you try to fill the gaps, but it also risks failure without those key folks.

Ask yourself:
  1. Do we have right talent management processes and systems in place to predict, track and minimize turnover in the next 12 months?
  2. Have we uncovered the critical few employee engagement weak spots for our most important jobs and top talent groups?
  3. Have we clearly identified our key talent and conducted "stay" interviews with them recently?

Historically, the beginning of the year (this month and next) is the most common time for organizations to hire...they need to fill positions for new budgets that become available in January and employees are also more open to make changes at this time.

The bottom line: Act now so you don't risk losing your top talent. Do not wait to get the engagement and retention discussion started with your leadership team.

Read more about engaging and retaining top talent...

About LSA Global
Founded in 1995, LSA Global is a leading performance consulting and training firm that helps high growth technology, services, and life-science companies create a competitive advantage by powerfully aligning their culture and talent with their strategy. Learn more about getting aligned