Best Practice Report: Helping Managers Succeed

Retaining Top Performers

Contributors:

Diego Parra

Ilana Esterrich

Mary Ellen Harris

Valerie Burniece

Retaining top performers is a primary objective for all businesses today, especially in light of COVID and post-pandemic impacts on the workplace environment. The competition for highly talented employees is fierce, so leaders across all functions need an intentionally designed employee retention strategy. People will work for a company based on more than just title, salary, and office perks. Operating for so long in work- from-home and hybrid environments has shone a light on new, important factors in employee retention, include, but not limited to: • Establishing healthy, productive working relationships with others • Providing access to abundant opportunities for professional learning, self-development and career progression • Fostering a productive, positive company culture, which includes the traditional items of robust compensation, health and wellness programs, work flexibility, etc. We recommend three areas of focus to ensure retention of top talent: 1) Retain or Release 2) Develop, Engage, and Promote 3) Add Talent Strategically.

26 I ACHIEVENEXT HELPING NEW MANAGERS SUCCEED

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