Photo credit: U.S. Department of Labor
|Employers often underestimate the importance of performing an employee engagement assessment. Check out The Case for Employee Engagement and EI for more on this.|
Most CEOs consider retaining high-potentials a top priority, but the reality is many organizations are ineffective at managing and keeping this talent.
Organizations invest millions of dollars into identifying and developing high-potentials within their workforce. Although these highly talented individuals are often pegged for leadership roles early on in their careers and are in fact one of the first to participate in innovative leadership development programs, studies reveal that many of them remain unengaged in their work and continue to actively pursue other opportunities.
In 2010, the Corporate Leadership Council of the Corporate Executive Board surveyed 880 high-potential employees; a staggering number, on the rise with the growth of the economy. More than 25 percent said they planned to change jobs within the next 12 months. That’s a potential attrition 2.5 times greater than just five years earlier. Among the dissatisfied, 64 percent said their current employment experiences are having little impact on their development. Engagement levels, measured by assessing levels of passion and discretionary effort, declined 30 percent from 2009 to 2010.
From the employers’ perspective, the performance of those who are sticking around is similarly troubling. More than half of the executives surveyed said their organizations are ineffective at managing and retaining top talent. They said 40 percent of internal job moves made by high-potentials end in failure and fewer than 15 percent of their direct reports are ready for immediate transition to subsequent roles.
At a time when experts agree that nurturing talent is especially crucial, why are HR professionals having so much difficulty identifying, retaining and preparing the best and the brightest?
At Center for Work Life, supported by a renowned corporate psychologist, we know human behavior. We design the intelligence behind your workforce, so that as an organization, so you can create the outcomes for success.
Our carefully designed project design:
1. Evaluate your key competencies
2. Identify your top performers
3. Measure top performer drivers
4. Align performer and organization needs
5. Systematically infuse selection, performance and succession processes
6. Create leadership support and cycle sustenance
Not convinced or need more information? Check out The Case for Employee Engagement and EI.
Needs and topics addressed within these categories include: management styles, situational leadership, developing leadership qualities, executive recruitment training, work life balance, emotional intelligence training, work performance, stress management in the workplace, stress management activities, time management activities, team development, problem solving activities, management consulting training programs, professional communication, assertive communication coaching, interpersonal skills for top performers, effective communication styles, communication techniques, public speaking skills, presentation skills, and conflict management strategies.
Effective Public Speakers can be difficult to find, but Center for Work Life has that covered too. As a leadership, communications, and change management speaker, Dr. Farnaz Namin- Hedayati of Center for Work Life raises the bar in interactive presentations. We can also help companies conduct organization research and run focus groups.