Verizon CHRO: Retaining Top Talent!!!
Mind blowing: McKinsey, high performers deliver 800% more output than average employees.
Proven tips to retain top talent:
- Overpay to keep your top performers
- Make recognition the default
- Listen to what energizes your team and lean into it
- Address toxic behavior immediately
- Be soft on the person and hard on the problem
- Trust people with as much autonomy as possible
- Implement meeting-free days
- Normalize frequent feedback
- Remove friction to let your top people thrive
The age of pizza parties and ping-pong tables as retention strategies is over.
Use these 9 tips to invest meaningfully in your highest performers and they’ll reinvest in the business tenfold.