As a leadership coach, I often work with organizations on strategies for retaining top talent. One key factor that can have a major impact on employee retention is investing in your top leaders.
Here are four reasons why this strategy is effective in keeping your best employees around:
Professional development: Providing opportunities for training, education, and professional development can help top leaders stay up-to-date on industry trends and improve their skills. This could include things like training programs, professional certifications, or leadership development courses.
Provide stimulating opportunities: Top leaders often have a competitive nature and want to see themselves succeed. Providing them with challenging and stimulating opportunities can help keep them engaged and motivated.
Assign high-visibility projects: Giving top leaders high-visibility projects can help them showcase their skills and expertise to the organization. This can also help them build their reputation and advance their careers within the organization.
Career advancement: Offering opportunities for employees to take on new roles and responsibilities within the organization can help keep top talent engaged and motivated. This could include promotions, new job titles, or expanded responsibilities.
Pay what they are worth: It’s important to pay top leaders what they are worth to ensure that they feel valued and motivated to stay with the organization. This can help with retention and can also help attract top talent to the organization.
Create a positive culture: A positive work culture is crucial for retaining top talent. This includes things like supportive leadership and open communication. Additionally, it includes appreciation and recognition for the best employees.
Make the boss accessible: Providing top leaders with accessibility to their boss and other senior leaders can help them feel supported and valued by the organization. This could include regular check-ins, opportunities for feedback and suggestions, and opportunities for collaboration.
Flexibility and work-life balance: Offering flexibility and work-life balance can help top talent feel supported and valued by the organization. This could include things like flexible work schedules, remote work options, or time off for professional development or personal responsibilities.
By investing in top talent in these and other ways, organizations can help their top employees grow and develop within their careers, leading to increased retention and overall success.
Lead From Within: As a leader, if you want to keep your best employees around, provide them with the necessary resources, skills, and tools to succeed.
#1 N A T I O N A L B E S T S E L L E R
The Leadership Gap
What Gets Between You and Your Greatness
After decades of coaching powerful executives around the world, Lolly Daskal has observed that leaders rise to their positions relying on a specific set of values and traits. But in time, every executive reaches a point when their performance suffers and failure persists. Very few understand why or how to prevent it.
Additional Reading you might enjoy:
- 12 Successful Leadership Principles That Never Grow Old
- A Leadership Manifesto: A Guide To Greatness
- How to Succeed as A New Leader
- 12 of The Most Common Lies Leaders Tell Themselves
- 4 Proven Reasons Why Intuitive Leaders Make Great Leaders
- The One Quality Every Leader Needs To Succeed
- The Deception Trap of Leadership
Of Lolly’s many awards and accolades, Lolly was designated a Top-50 Leadership and Management Expert by Inc. magazine. Huffington Post honored Lolly with the title of The Most Inspiring Woman in the World. Her writing has appeared in HBR, Inc.com, Fast Company (Ask The Expert), Huffington Post, and Psychology Today, and others. Her newest book, The Leadership Gap: What Gets Between You and Your Greatness has become a national bestseller.