Three Reasons You’re Losing Top Talent

Last year, we gave you some suggestions as to why you may be losing your top talent. Read on for a few more reasons why talent may want to leave and more ways to get them to stay. After all, you hired the best, so you need to do what you can to keep them happy and secure … with your company.

  • Top management lacks vision. Employees, especially quality ones, want to work for someone they admire, someone whom they want to follow and emulate. So, when they feel they’re working for someone who doesn’t really seem to have a clearly articulated vision for where they want the company to go, or who seems indecisive in both day-to-day and long-term matters, they’ll move on. Even an independent employee wants a leader to follow and admire. And if the person leading the company doesn’t know where it’s going, a top employee will not feel a desire to stay. So, make sure you have managers and leaders with a solid vision — and they share it with their employees. 
  • They feel stifled. Top talent who get micromanaged to the point they don’t get to use the depth and breadth of their talents will quickly move to a company where they get the chance to spread their wings and truly show what they can do. This can also hurt your bottom line if you don’t allow your best employees leeway to take some calculated risks and use their skills to the best of their ability; it makes them feel you don’t trust them to do what you hired them for. Make sure you discuss possibilities with top employees to let them shine — it will benefit both of you.
  • Management doesn’t spot conflict. When problems arise, and management either doesn’t see them or ignores them, it does so at their peril. Similar to the point above, top talent wants to work at a place they feel is a well-oiled machine. When those in charge fail to see a conflict among employees, it creates a dent in morale and fosters the idea they’re not in charge because they neglected the needs and difficulties of their employees. And as everyone knows, when left alone, often conflict reaches a boiling point. Thus, staying on top of conflict and helping employees find a resolution demonstrates to your star employees you care about them and creating a positive environment to work in.

Managing employees is more than simply laying out rules and regulations; it takes finesse and awareness of their needs, especially those you want to keep around to enhance your business. For advice on any employee needs, work with the recruiting professionals at PrideStaff Thousand Oaks Ventura County.