How to Hang on to Your Talent

(MoneyWatch) 

An uncertain economy can wreak havoc on employees: Layoffs can
leave remaining talent overworked and unmotivated; and even if workers aren't
worried about layoffs or stock options, they could be waiting for the right
time to make a move into a better opportunity. How do you get your most
valuable employees to stick around? Check out these top five articles from the
BNET Business Library.

Create a Culture of Retention

Source: Harvard Knowledgebase

href="http://jobfunctions.bnet.com/whitepaper.aspx?docid=95916">

Without an effective employee retention program, labor
shortages will be doubly painful when experienced employees give notice. That’s
why focusing on the personal aspirations of workers is essential. Here’s
a look at how companies like Pricewaterhouse Coopers and Quaero are improving
morale and boosting engagement by paying attention to what their employees want.

Managing “Middlescence”

Source: Harvard Business Review

Burned out. Bottlenecked. Bored. That’s the
current lot of many midcareer employees — those 35 to 54 years of
age. And if your company’s like most, midcareer employees make up
half your workforce. Neglect their discontent, and you risk losing valued
performers who seek exciting work elsewhere. Reinvigorate and motivate these “middlescents”
with these strategies from Harvard Business Review.

Downsizing Survivors: Motivate the Employees Who Remain After Layoffs

Source: New York Times Company

href="http://jobfunctions.bnet.com/whitepaper.aspx?&q=turnover&docid=171551&promo=110000">

When the dust settles after a painful downsizing period,
hanging on to the survivors can be an unanticipated challenge. Increased
responsibilities and lowered job security can take its toll on your remaining
talent, leaving unexpected holes in important leadership positions. This
article explains how to win back employee trust and keep operations running
smoothly after a layoff.

Pay Your Employees to Stay

Source: Crain Communications

href="http://jobfunctions.bnet.com/whitepaper.aspx?&q=morale&docid=60884">

An alternative to downsizing? Pay out bonuses. It seems
counterintuitive, but giving stay bonuses to essential employees during an
economic downturn can help your company more than ill-implemented layoffs. But
they can also work against you. Here’s what you need to know about the
practice of shilling out bonuses to retain employees.

How to Train Your Managers to Keep Your Talent

Source: American City Business Journals

href="http://jobfunctions.bnet.com/whitepaper.aspx?docid=110563">

Keeping employees happy isn’t just about high
salaries and cool perks. Employees want more from their managers: better
coaching, more team-building, and a role in decision-making. This article
explains how to prevent employee turnover by grooming your managers to be
better leaders.