High-Potential Retention: Understanding the Cycle, Managing the Process
Economic conditions may have little relevance to an organization's waistline, measured by total employee complement. Organizational downsizings affect size, and we are as likely to experience them in good economic times as we are in deteriorating economic conditions. Today, we are in the grips of a new organizational phenomenon: churn. Churn is the process of release, retain, and recruit. One portion of the organization may grow while another declines - and churn can even occur on an intradepartmental basis as a group re-skills to meet real, emergent, or perceived needs. Churn was ignited, and now fueled, by hyper-competition on a global scale.
A new measure of success for business leaders is to understand the profound impact of churn on organizational capability and performance. Too often, in the day-to-day pace of operations, managers are concerned with "getting-through." That means getting-through the current or next round of lay offs, or getting through the approval processes to hire necessary talent. In all of this getting-through, it's easy to miss the process of churn from a cognitive aspect; emotion overcomes cognition.
We've even attempted to fool ourselves by adding and modifying the lexicon of employee termination. A flagrant example of this new math is the term employee optimization. It defies logic (that an organization can get this right) and contributes to the recent trend of employee opinion expressing a lack of confidence in senior management. Does anyone know where we are going? It's a question that stems from churn.
As churn persists, leaders must do a different job with the process. Today, talent is increasingly selective - as a result of spiraling reports of boardroom scandal and the routine "best of" reporting. Increased selectiveness creates a leadership opportunity to successfully understand and to manage this process of churn. If an organization regards its retention practices as "programs" or "policies," it will fail to realize the potential associated with active and ongoing talent development that produces important organizational results.
Organizations desiring to be at the leading edge of retention adopt a new mandate that blends statistical analysis and key insight into the value proposition of individual talent. As a result, these organizations are able to stem a potential tide of unwanted talent defection. Understanding and managing this process with thoughtfulness contributes to both community well-being and the bottom line.
This month, we discuss aspects of this process in our February teleseminar. Click here for a list of upcoming teleconferences. We hope that you're able to join us and contribute to this topic.
Heart in Leadership
The magazine executive and chronicle of capitalism, Malcolm S. Forbes, observed that "Presence is more than just being there." Forbes' observation relates well to the topic of leadership and love, two topics that at first glance are seemingly unrelated. History, however, establishes that the greatest leaders are those who have led with love, not force.
In today's environment, with a host of ills -- including bigotry, deception, greed, and self interest - leaders who show love are needed. Leaders will bring out the best in themselves and others, supporting a climate of change and learning. One sure way of "reaching" others is through acts and behaviors that encourage the heart.
As you review your actions, and your leadership development planning, how are you encouraging the heart? Here are five considerations to encourage heartfelt work in leadership:
- Be passionate about what you do. If you can't find excitement and passion in what you're doing, consider how you're living out your purpose.
- Discover your voice. Get comfortable in your own skin to encourage the alignment of the personal and the professional.
- Dedicate yourself to something larger than yourself. You'll find that it opens even hardened hearts.
- Get some feedback on you demonstrate respect for others. Get in touch with what it means to have deep and abiding respect for human achievement.
- Get beyond the mentoring "program," and commit to the personal and professional development of another.
As we move through the remainder of 2005, consider what you can do to live out any of these five considerations. At the end of the year, you will have brought yourself, and your organization, closer to the goal of becoming "better."