Three key benefits of attracting and retaining talent?

Participative strategy development leads to better strategy and smoother execution. But, did you know that it also has 3 key benefits for attracting and retaining talent?

• Making a contribution

The desire to do something significant is a primary motivator of human action. In terms of making a contribution. This is directly tapped into via a participatory approach to brainstorming. By incorporating people and truly asking for their feedback, they learn that they are important beyond merely executing their tasks. It demonstrates that you value people for who they are and what they think, rather than their specific skills.

• Learning and Development

Involving people in the strategy creation process gives them a context in which to grow. People learn to think more strategically about their job, unit, or role when they are forced to consider the strategically relevant parts of their employment, unit, or role. A participative approach to strategy also works well with additional directed strategy training—at all levels—in addition to this learning-by-doing aspect.

• Sense of Community You can co-create strategy with the help of participatory strategy. When leaders do not impose strategy on their people, but rather co-create it with and for them, it boosts their people's sense of belonging. After all, they developed the approach with their coworkers and managers. The technique will also be less susceptible to silos, boosting the sense of community.
• All three are powerful motivators for people to join and stay with your organization. People want to contribute, they want to learn and grow, and they want to feel part of a community. When will you begin to open up the strategy process and involve your employees?#culturematters