How are you doing with retaining employees?
? Darcy Luoma ?
Creator of Thoughtfully Fit? | Master Certified Coach | Professional Speaker | Author | Dynamic Facilitator ? Reach out to us at (262) 563-3522
At the last National Speakers Association conference, the group I was working with during one of the breakout sessions questioned why I spend so much money on?my team. Surely I could earn a lot more as a solopreneur—or with a smaller core staff?
That’s easy. The?joy I get?from relationships we’ve built make up for it tenfold. And because of the synergy, there’s absolutely no doubt we’ve gone much further together than I ever could’ve alone!
There’s nothing special about my business journey, in this respect. Ultimately, it’s in the best interest of?all organizations?to hire the strongest staff they can find—and then create an environment where employees stay and thrive.?
Because if you can’t retain good employees, you have to spend time and money training the next person. And, worse, your competition benefits from the training you gave the person who left. According to research by Gallup, replacing employees costs between half and two times their annual salary. That’s expensive!?
The Challenge of Keeping Good People
If you’re reading this as someone who’s looking for work, you can take to heart that most employers are just as interested in keeping good staff as you are in finding a good boss. It goes both ways.
Before?the age of corona, it was hard enough to retain employees.?GoRemotely found?that 31% of employees leave new jobs within six months, with 68% of those who quit doing so in three months or less.?
And the problem’s getting worse, not better. In April of last year, the Department of Labor recorded?four million people leaving their jobs, which is the highest number on record. In the first 10 months of 2021,?39 million Americans handed in their notice, the largest amount since 2000. The phenomenon is so extreme it’s become known as “The Great Resignation.”
So how should organizations approach the issue of retaining employees? In our coaching and consulting, we’ve come across two main approaches: one thoughtful, the other not so much.
The Non-Thoughtful Approach to Employee Retention
Non-thoughtful retention looks a bit like this:
Sound familiar? What all these examples have in common is a mindset of?getting your way at your staff’s expense.?
In the same way as?controlling behavior,?management like this does sometimes “succeed” on a superficial level in the short-term. But in the long-term, the non-thoughtful approach to retention always falls short. It’s a lose-win situation.
You might remember?my story about Maria, who felt so underappreciated and overworked by her boss she ended up resigning. As the saying goes: people don’t quit bad jobs, they quit bad bosses!
So what’s the alternative?
Retaining Staff the Thoughtful Way
Thoughtfully Fit organizations look at hiring employees that create?win-win relationships. In other words, they ask themselves: “How can we treat this person in a way that’s good for our organization AND benefits them?” As you can see, it’s a completely different mindset from trying to win at the employee’s expense.?
Stephen Covey defined the concept of win-win relationships in “The Seven Habits of Highly Effective People.” There are three dimensions to win-win employee relationships:
To retain top talent, your organization needs to pay attention to all three on an ongoing basis.?
领英推荐
Here at Darcy Luoma Coaching & Consulting, we approach building win-win relationships by “designing alliances.” In practice, this means:
We like the word “alliance” for relationships like this, because it shows we’re on the same team. It’s not a boxing match where one person wins and the other loses. We both want to win together.
Engage Your Thoughtfully Fit Core
So take a moment to engage your core and design your alliance.
Feel free to share this core workout with your staff and practice it whenever your team grows—and feel the joy that comes with having an awesome team!
Recommendation
A wonderful member of our Thoughtfully Fit community, Tammy Martens?recommends,?The Peacemaker’s Path: Multifaith Reflections to Deepen Your Spirituality?by Jerry Zehr. In the reflection on Centering he says, “In 2005, the National Science Foundation published an article showing that the average person has between twelve thousand and sixty thousand thoughts per day. Of those, 80% are negative, and 95% are the same repetitive thoughts as the day before. Are you surprised at the number of negative thoughts running through our brains?”
Thoughtfully Fit Gym
We’re giving the first 100 people who sign up for Thoughtfully Fit Gym 75% off the cost of their annual membership! Don’t miss the chance to be a Founding Member –?join the Gym today!
P.S.: If you’re worrying it might be too late for your team to set up a culture like this, fear not!
We offer a three-hour workshop that’ll teach you a process to develop your team alliance, so you can make the most of the diverse personalities and temperaments on your team.?Reach out?if you want to learn more!
IS YOUR MIND FIT FOR SUCCESS?
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