Attracting and retaining staff in organisations is a challenge leaders and business owners are facing in our fast-changing economy. The Round Table discussion with some of the leading experts in leadership, published by Management Today in November 2016, provided us with some insights on how to prepare for it and some ideas on how to cope with this concerns.
Below the main takers for me:
– focus on internal talent economy to built a sense of business reciprocity
– give people purpose and they will self-organise to deliver
– find talent through diversity beyond just gender or ethnicity
– become a ‘personal’ organisation by looking at different propositions for career pathways and reward strategies
– leave behind the factory metaphor and avoid compromising with your working life(for both leaders and employees)
– leaders make better decisions when they involve others at different levels other than their own
– it is good to say ‘ I don’t know the answer to this’
– generate employees’ trust by engaging with them, make good connections and surround yourself with a broadly diverse team to expand horizons.
The role of leadership is evolving. We must engage closely with our teams to be able to understand our employees’ strengths and ensure talent is retained and nursed.
It would be beneficial to pursue our team’s interests and divert their passion into the organisation to develop new skills, capabilities and leadership to match the requirements of our changing economy.