In this chat I talk about how to attract and retain top talent and how to get rid of low performers.
Low performers - Have objective performance standards; make them aware of their development areas; work with them on a development plan; if despite your and their best efforts they are simply not the right fit for the role, then help them to find a role more suited to their capabilities and desires.
Retaining top talent - Ensure you have an organization that is designed for success. Have a clear mission and purpose; align functions to support the team mission so their is a clear connection to the team on how their work supports to overall organization and how they are adding value; have a career path in your organization and if that is not possible help individuals find next level roles outside of your organization; execute on a comprehensive, robust, and actively managed talent management process that calibrates the team and their capabilities and what skills they need and when they are ready for the next level role. A robust and actively managed personal development plan is a must. Be a sponsor for your top talent, advocating for them and making their successes known. Make sure they feel valued and that key stakeholders know the value they are adding.
Attracting top talent - Strive to be a Level 5 leader where your personal desire is to help your team members and your organization to grow and be successful rather than your own success. Build your reputation on that.
