Retention Strategies

It has become cliché for organizations to declare that “people are our most important asset”, and many organizations strive to become an “employer of choice”.  There can be little doubt that the quality of human capital employed by an organization is a competitive advantage enjoyed by successful organizations. 

Research in employee satisfaction has shown that people don’t leave their jobs …. they leave their boss!  Consequently, a strong and effective executive leadership team is critical to the success of any organization’s efforts to become an employer of choice, able to attract and retain the best people throughout the organization.  It is essential, therefore, that organizations pay attention to retaining the leadership talent they already possess. 

I can assist in the development of a comprehensive retention strategy that considers both monetary and non-monetary factors.  The key monetary factors to consider are base salary compensation, performance bonus (short-term incentive), profit sharing (long-term incentive) and equity participation.  The non-monetary factors typically include items such as job scope, professional development, participation in career path & succession planning, executive coaching, etc.

 

Fifth Wave Leadership
David Maister
Peter Drucker
Jim Collins
Emotional Intelligence
Marcus Buckingham
Malcolm Gladwell
Centre for Creative Leadership
Marshall Goldsmith

Member: Canadian Association of Management Consultants

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