Downloaded 24 times
Uploaded byBambooHR
Paving the Way: How to Retain and Motivate Your Best Employees
The document outlines strategies for retaining and motivating employees, emphasizing the importance of effective management and the role of learning and development (L&D) opportunities. Key factors influencing employee satisfaction include the alignment of personal strengths with job responsibilities, management practices, and fair compensation processes. It also highlights the significance of recognition and feedback in fostering a positive work environment and reducing turnover.
More Related Content
Similar to Paving the Way: How to Retain and Motivate Your Best Employees
Paving the Way: How to Retain and Motivate Your Best Employees
- 1. Paving the Way:How to Retain and Motivate Your Best Employees
- 2. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Cassie Whitlock Director of HR BambooHR Ashley Adair HR & Talent Development PayScale
- 3. The Cost ofTurnover
- 4. bamboohr.com payscale.com Paving theWay: How to Retain and Motivate Your Best Employees Why do good employees leave?
- 5. bamboohr.com payscale.com Paving theWay: How to Retain and Motivate Your Best Employees Picture of Bad Boss Index
- 6. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com • Takes credit for your work • Doesn’t appear to trust or empower you • Doesn’t appear to care if you’re overworked • Doesn’t appear to advocate for you when it comes to compensation • Hires/promotes the wrong people • Doesn’t provide direction on assignments or role • Micromanages you and doesn’t give you autonomy • Focuses more on your weaknesses than your strengths • Doesn’t set clear expectations Why Good Employees Leave
- 7. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com What impacts employee satisfaction and intent to leave? PayScale Study: The Formula for a Winning Company Culture
- 8. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com What impacts satisfaction? 2 1 3 5 4 PayScale Study: The Formula for a Winning Company Culture
- 9. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com What impacts intent to leave? 3 1 2 PayScale Study: The Formula for a Winning Company Culture
- 10. 16 ELEMENTS The buildingblocks of high performing people, cultures, and organizations.
- 11. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com 1. Is the employee doing what they love to do? 2. Is the employee doing what they’re really good at? 3. Is the employee doing what the business needs?
- 12. bamboohr.com payscale.com Paving theWay: How to Retain and Motivate Your Best Employees Providing L&D Opportunities
- 13. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Setting the foundation for your L&D investment 1. Employees buy into the vision, mission, values of your org 2. Employees connect the dots between their work & the bigger picture 3. Employees trust their managers and leaders to raise questions or concerns 4. Employees feel that pay process is fair and transparent 5. Pay is linked to performance; skills are appropriately rewarded
- 14. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Considerations for L&D Opportunities 1. Provide a menu of options; it shouldn’t be “one-size fits-all” 2. Employees, managers and HR all share responsibility for development 3. Training managers will create a ripple effect – ignite managers’ passion to coach their employees 4. Deal with short-term needs, and make learning on-going 5. Teach employees to own their career development 6. Build trust in organizational leadership 7. Match different learning options to different learning styles.
- 15. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com L&D Options • Career mentorship / sponsorship program • On-site training courses to enhance job & management related skills: “How to Manage Up Well”, ”Know Your Customer” • Leadership training courses: “manager effectiveness” • Tuition reimbursement for courses and certifications • Industry conferences • One-on-one coaching • Job rotations • Career resource center • Technical courses – “AT&T University”
- 16. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Tips for Training Managers • Get managers to tell you what they want to learn • Create space for managers to talk to each other • Foster connections between managers • Train them on specific topics: Communicating pay increases Evaluating performance
- 17. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com “Ultimately, managers have one job: Hire the best talent and continuously engage them. Managers know who's talented. And they know (or should know) who's unhappy with their current situation. If they don't meet the basic psychological needs of their most talented employees, they squander years of performance gains. At worst, they lose their talent (and whoever leaves with them) to their competitors.” -Gallup, 2018
- 18. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com • How to ask and give feedback • How to best motivate individual employees • How to have performance conversations • How to have compensation conversations with employees • How to connect with other managers to learn how they solve problems Training Managers
- 19. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Best Training Formats
- 20. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com L&D in One-on-Ones Dig Deep Broaden Your Shoulders Wins and Learnings Peer Feedback
- 21. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Strengths and Weaknesses
- 22. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com
- 23. Why Invest inCoaching?
- 24. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Development Coaching What it is: Partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential. Development opportunities Career pathing discussions Conflict resolution assistance Feedback communication tools Managing up support
- 25. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Should you have a coach on staff? • How is morale within your organization? • Do have existing employees who have the passion and talent for coaching? • Can you run a pilot program first?
- 26.
- 27. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com 69% of employees would work harder if they were better recognized. -Globoforce
- 28. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com And it can be completely free… • Company-wide announcement • Social media shout-out • Personal thank-you
- 29. Final Takeaways • Makesure you’re finding appropriate ways to measure engagement Don’t ask if you’re not willing to act. • Invest in growing the people at your organization Alone we can do so little. Together we can do so much. - Helen Keller • Appreciation is free – do it more Appreciation is a wonderful thing. It makes what is excellent in others belong to us as well. - Voltaire
- 30. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com BambooHR Receive a free job posting on our ATS and full HRIS for one week. We will contact everyone within the next few days to set this up. PayScale Questions? Check out our resources on compensation www.payscale.com/compensation-today
- 31. bamboohr.com Paving the Way:How to Retain and Motivate Your Best Employees payscale.com Follow BambooHR and PayScale on social media: bamboohr.com/blog | payscale.com Thank you!