Retaining the talent in a recession

  • Continued effort is a result of the way it is rewarded by recognition, reward and increased opportunity
  • Employees can be retained through their belief that they have a better future with you
  • Real motivation comes from the leadership shown by the top management team
  • Management need to ensure talent is used to its full capabilities
Too many of us thought that the good times were here to stay. As a result, many organisations became sloppy in managing their talented people; some even thought that talent was an asset which was tradable and could be bought and sold along with a business, or be bribed to shift allegiance rather like mercenary armies in history changing sides. Many thought that a policy of very high rewards, supposedly based on performance, was the way to attract and retain the sort of people they needed. Perhaps it was, but circumstances are very different now.

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