After engagement, retention is the top talent management concern in today's global economy. The true ROI of top talent isn't realized if that talent leaves. Add the significant cost of replacing talent to the loss of skills and institutional knowledge when top performers leave, and the importance of retention becomes even more manifest. These factors, coupled with the rapidly changing demographics of today's workforce as the Baby Boomer generation begins to leave in significant numbers and the Millenial generation makes its presence increasingly felt, demands that savvy leaders understand the dynamics of retaining talent and know how to manage talent with retention as a goal.
When I read articles about how we’re all living in a Millennial world, I’m reminded how this same conversation is repeated every time the societal demographics reach a tipping point in the balance and transfer of power within the workplace. It’s easy to point out the differences in generational communication today, in fact it’s important to understand and recognize the potential breakdowns that occur within multigenerational business units. But cross-generational communication on an individual level is key to self awareness, self development and in establishing a blueprint for sustained success.Read more
If your company’s success is dependent on a Millennial workforce, you must build parental involvement into your recruitment, management and retention practices. Older generations may balk, but companies compete daily, spending precious time and money, to attract, retain and manage top digital and Millennial talent.Read more