Key Talent Succession Planning
In this time of “The Great Resignation,” key talent is leaving companies at record levels. Replacing good employees is time consuming and can affect business operations. Leaders are asking, “How can I keep my key talent?”
Why Do People Leave Companies?
There is one number one reason people quit and it’s their boss. When probed further, there are 7 reasons why bosses make employees crazy.
Job not as expected
Job doesn’t fit talents and interests
No hope for career growth
Little or no feedback/coaching
Feel devalued and unrecognized
Feel overworked and stressed out
Lack of trust or confidence in leaders
What this tells us is that talent doesn’t quit companies. THEY QUIT BOSSES!
So what are steps company leaders can take to retain talent?
Here are recommendations The Metiss Group makes to companies who are concerned about losing key talent.
Develop the Boss
Create a Scorecard
Provide Employee Development
Have a Succession Plan for ALL Key Team Members
Successful companies develop their Leadership and their Key Talent.