Source: 2010 ExecuNet/Finnegan Mackenzie Executive Retention Report
Recognition is often overlooked by employers and now would be a really great time to pause and thank your 'A-Team' for a job well done. Listen to their concerns and watch out for early signs of potential flight risk - think about the lost opportunity cost of having to replace their skill and value to your team. It’s probably far greater than you might think.
Our phones are ringing off the hook now that companies are finally beginning to hire again. That's (very) good news if you can locate and attract great talent to help you scale your organization, but could also be (very) bad news if the talent they recruit comes directly from your organization. So many candidates that contact our firm are sick and tired of the way they are being treated and can’t wait to leave as soon as they find a new home. Don’t let your great people leave - they'll likely be (very) very hard to replace in the short-term.
Just one man’s opinion.