Can High Impact Talent Management Boost Retention?

by DONNA RONAYNE | Mar 8th, 2010 | Employee Engagement & Retention |

We are really looking forward to an upcoming webcast we’re hosting on March 18th, in collaboration with HR.com. Stephen Roesler, CEO of Roesler Group, and Kim Ellis, Director of Human Resources at SNC-Lavalin O&M will be discussing the impact talent management has on employee retention.

Recent research shows that retention is increasing as a priority for organizations as the economy recovers. Current research also tells us that there are a few basic talent management practices a company can undertake to increase employee retention.

These include:

  • Setting clear expectations
  • Enabling employees to see clearly how their work matters to the organization
  • Emphasizing feedback
  • Framing rewards, recognition, and fairness from the employee point of view
  • Providing employee development opportunities, even on a limited budget

These seem like simple items, but we know that without proper tools and processes in place, they get lost in the shuffle…

In our webinar, Steve Roesler, a leading expert in the field of leadership and engagement, will discuss the links between these high impact talent management practices and increased retention, and Kim Ellis, Director of Human Resources for SNC-Lavalin O&M will share experiences from her organization where they transformed and automated their processes to entrench talent management across the company to support increased retention.

I’m excited to hear what they have to say about this important metric. There’s still plenty of time to register and join us.

  • Jim Mac

    Dear Donna,

    Firstly, I really like that you use the term “talent management”. It immediately puts one in the frame of mind of appreciation and winning. So thank you for your insights and guidance.

    In the midst of the financial crisis, though, there’s a lot of bashing and cynicism
    towards performance recognition and inspirational efforts in the workplace.
    Just check any bar in lower Manhattan! It’s a shame.

    As a VP leading over 100 salespeople, I’ve found that the hard fact is that QUALITY performance recognition works. Not just for morale, but in dollars. I have been using a couple of different tools to help me retain
    good people and to inspire excellence in them, which = larger sales figures. A#1 tool is a personal, elegant recognition concept called Design Your Inspiration (www.dyi.successories.com ).
    Intelligent, customizable with any words or great quotes you want to use (such as those on this very site!!). All on framed art photography prints.

    Again, the quality of these, and the MEANING emparted, makes them highly effective for me. It has made an amazing difference! So while the cynics shed tears in their beers, we’re laughing all the way to the bank!
    Thanks again. Jim

  • http://jamesrobbins.com James on Talent Management

    I am sorry I missed your webcast. I agree that as the economy recovers, retention is going to fly to the forefront again and talent management will be more important than ever. From my research I would add one more thing to your list. It is a combination of expecting excellence coupled with unshakable belief in the employee. These two combine for a powerful tonic of engagement.
    James