You’re already focused on recruiting, but make sure you address the biggest talent challenge for 2017. According to Lars Schmidt in this timely Forbes article, the real key to a better business culture is retention. With the nation’s jobless rate the lowest since 2007, companies have a strong focus on attracting and hiring the best. But, now more than ever, they need an equal focus on developing and retaining their current stars. In a LinkedIn report, only 32% of leaders view retention as a top priority over the next 12 months. Over-emphasizing hiring and under-emphasizing onboarding and development leads to retention issues, and an endless recruiting loop.
This article is full of creative suggestions like how to create opportunities for a career lattice versus the traditional career ladder concept. The old model creates limited opportunities for senior positions – a negative for up and coming talent. The lattice allows you to develop strong players into new roles – particularly attractive to younger team members who are still exploring their options.
