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Placing value on our best

Don Schmitz/Human Resource Staffing

 

At a recent Twin Cities Compensation Network meeting, Julie Donovan, Raghav Singh, and Adam Sprecher participated on a panel discussion about employment.

 

One of the questions asked of the panelists was “What are the hiring trends…where are we going?” Here is what the panel had to say;

 

  1. We can all expect to see increased attention to Healthcare Reform
  2. There will be more off-shoring of jobs
  3. Companies will continue to be lean
  4. There is a growing recognition that we need to retain our top talent
  5. The “Big job needs” in next 12-18 months; “Techie” positions especially in Healthcare & Biotech companies

No surprises except for the growing need to retain top talent. I don't see this happening. If it is what are these position called?

I review open positions on many web sites every week and one thing I don't see is adds fo top talent specialists. Why? If we wanted to retain our best wouldn't we be hiring people like like "Top Talent Specialists" or "Employee Retention Specialists"? If companies really did walk their talk, we would be seeing all kinds of positions for the top talent people.

 

The same can be said for candidates. Each week, I interview 5-10 HR professionals. These HR professionals range in experience from HR Assistants to VP's of HR. Only occasionally do I see someone who wants to put an emphasis on employee retention.

 

Maybe HR is spending too much time with unproductive employees? After all, we have to keep our turnover to a minimum, right? The company may not be financially successful, but they are retaining their staff. How many of these companies will even be around in 10 years?

 

Most companies have a core of employees they simply can't afford to loose. These key employees are not necessarily the CEO, CFO but the people who keep the doors open each day. These are the people no company can live without. If I asked ten people in any company who they were, chances are their names would probably be repeated on many of the lists. They are not hard to find.

 

Our key employees must receive increased attention from HR. They need to receive above average pay and above the market wages for their work. They need to be challenged, rewarded with leadership positions on projects, given time to spend with other key employees, be first in line for promotions and receive verbal and written praise. Yes, it will create problems for poor performers but that's ok.

 

HR's job is to keep the key employees happy. Without them, there is no company.

 

I'd be interested in hearing your thoughts. Please respond to this article (Don@HumanResourceStaffingInc.com ) or give me a call. I'd love to hear from you.

 

 


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Reproduction of this article cannot be accomplished without the expressed consent of Human Resource Staffing. Don Schmitz is a popular speaker and writer on all aspects of HR and CEO of Human Resource Staffing. Don holds graduate degrees in Education, Administration and Human Development.
Contact Don@HumanResourceStaffingInc.com 952 854 6040









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