Here’s why employee retention is your most competitive advantage

Companies need to understand that the competition is no longer just a niche startup disrupting their industry or one of the big 5 monopoly companies taking over every facet of customers’ life. It will be any company in an industry with competent people for its workforce if they want success long-term.

This has become more important than ever before given how quickly technology changes and new ideas come around frequently these days!

It never ceases to amaze us when we see companies think and act as if people are pawns that can be placed anywhere without questions; it loses good employees in droves without consequences or understanding of what’s needed for the company.

The hiring process should start with selecting someone who will make an impact on your team, but instead many organizations just copy+paste resume from online services like LinkedIn hoping one of them would become their next star worker.

This is not how things work! When you’re looking into new blood at every level (from entry-level positions all way up top), there needs something different.

Personalized searches based on specific qualifications so potential candidates know exactly where they stand before applying–and then only accepting applications.

Finding the right people poses challenge

Companies need to focus on the importance of their workforce. Unless competent people are attracted and attained, companies will continue struggling with executing goals.

Companies only have “doers” who can build things; not knowledge workers looking for work or those already employed that execute others’ strategies without any input into what needs be done next.

It sucks when you need to be fast and don’t have the right people execute?

The future of business lies in investing heavily in employee development and making sure that you nourish your workforce so they can grow into successful leaders.

Successful companies have diverse teams that ask the right questions, focus on the problem, and the best options to tackle it–rather than tackling one another

The team should also favour cross-functional collaboration.

Meanwhile, companies should move decision ownership to where the information and context are richest rather than based on hierarchy.

The biggest challenge with this transformation is never a lack of ideas; it’s a lack of behaviour change.

You don’t trigger a shift in mindset by simply thinking differently; you start by acting differently. Top-down. Leading by example.

Source: Bradford Jacobs