Losing top talent can be discouraging to company leadership. Unfortunately, it is a grave reality and there are few things as costly and troublesome as the unexpected departure of top employees from your company. Below are staggering statistics concerning the general population of top talent according to Forbes.
-
More than 30% believe they’ll be working someplace else inside of 12 months.
-
More than 40% don’t respect the person they report to.
-
More than 50% say they have different values than their employer.
-
More than 60% don’t feel their career goals are aligned with the plans their employers have for them.
-
More than 70% don’t feel appreciated or valued by their employer.
The above statistics may be surprising and cause you to wonder what creates a disconnection between top talent and employers. Educate yourself on some of the reasons top employees have left other organizations in order to help your company avoid losing a crucial member of your team.
-
Their passions did not align with the direction of company endeavors. By not encouraging your employees’ passions you may indirectly be driving them elsewhere.
-
They felt unchallenged. Boredom and complacency can be detrimental to your workforce.
-
They felt as though their career was not being developed. Top talent will desire continued opportunities for continued education and it is important to provide this for them.
-
They felt unrecognized and underappreciated. It is important not to take advantage of the hard work of top talent. Recognize each of their achievements as a contribution to the overall success of your company.
These are just a few of the things that can put your company at a loss of excellent talent. Make changes to your dynamic to help satisfy and keep your company’s key players.