Sheltering Your Top Talent

Weathering the Talent Management A Winning Game Plan for Nurturing Your Top Storm: Performers Do you think most of your employees-especially your superstar talent-are happy? Think about it. Are they really happy? It may surprise you to learn that nearly one in three workers in the United States is seriously considering leaving his or her organization, according to a recent study conducted by Mercer. That's a whopping increase of 25 percent just since 2005! 76% of surveyed employees who intend to leave their job reported a drop in engagement. 62% faulted lack of communication from 26% of baby boomer employees ranked "poor employee treatment during downturn" as a factor that executives during the recession. would cause them to look for new employment. Gathering Storm Clouds When you consider the anxiety and dissatisfaction caused by our current economic climate, it's no wonder our top performers feel the need to jump ship. Day after day they've existed under a "looming storm cloud" which we in HR recognize as rounds of mass layoffs, pay cuts, restructuring, and an overwhelming drop in company-wide engagement. Sheltering Your Top Talent Extraordinary talent can provide any organization with a sharp competitive edge. Therefore, taking the necessary steps to identify and nurture your best employees must be a high priority. With the help of effective performance and talent management tools, you can build an environment that maximizes talent and rewards your company's stars. Identify and Groom high-performing employees for key positions. More than three out of four employees (78%) who plan to remain with their employer believe their employer offers long-term career opportunities for them. Create and AssesS measureable employee AUGUST 1 2 development goals and objectives throughout the year-not just following a performance review. 3456 10 11 12 13 14 15 16 17 18 19 20 21 2" 24 25 26 27 28 31 Three-fourths of those employees who plan to stay with their current employer say they have a reasonably good idea of their career paths. To accurately rate an employee's performance, collect multi-contributor feedback for a more complete picture of an employee's accomplishments across the board. 8 in 10 workers who plan to remain with their employer believe their job performance is evaluated fairly. Facilitate better Communication About two-thirds of workers (63%) who plan to remain with their employer say management does a good job of communicating. Sources: http://www.towerswatson.com/united-states/press/3673 http://www.mercer.com/press-releases/1418665 http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_talent_RetentionReport_091609.pdf Ultimate For more information about how UltiPro can help your organization proactively manage talent to impact business results, please visit us online at www.ultimatesoftware.com or call 800-432-1729. SOFTWARE People tre Weathering the Talent Management A Winning Game Plan for Nurturing Your Top Storm: Performers Do you think most of your employees-especially your superstar talent-are happy? Think about it. Are they really happy? It may surprise you to learn that nearly one in three workers in the United States is seriously considering leaving his or her organization, according to a recent study conducted by Mercer. That's a whopping increase of 25 percent just since 2005! 76% of surveyed employees who intend to leave their job reported a drop in engagement. 62% faulted lack of communication from 26% of baby boomer employees ranked "poor employee treatment during downturn" as a factor that executives during the recession. would cause them to look for new employment. Gathering Storm Clouds When you consider the anxiety and dissatisfaction caused by our current economic climate, it's no wonder our top performers feel the need to jump ship. Day after day they've existed under a "looming storm cloud" which we in HR recognize as rounds of mass layoffs, pay cuts, restructuring, and an overwhelming drop in company-wide engagement. Sheltering Your Top Talent Extraordinary talent can provide any organization with a sharp competitive edge. Therefore, taking the necessary steps to identify and nurture your best employees must be a high priority. With the help of effective performance and talent management tools, you can build an environment that maximizes talent and rewards your company's stars. Identify and Groom high-performing employees for key positions. More than three out of four employees (78%) who plan to remain with their employer believe their employer offers long-term career opportunities for them. Create and AssesS measureable employee AUGUST 1 2 development goals and objectives throughout the year-not just following a performance review. 3456 10 11 12 13 14 15 16 17 18 19 20 21 2" 24 25 26 27 28 31 Three-fourths of those employees who plan to stay with their current employer say they have a reasonably good idea of their career paths. To accurately rate an employee's performance, collect multi-contributor feedback for a more complete picture of an employee's accomplishments across the board. 8 in 10 workers who plan to remain with their employer believe their job performance is evaluated fairly. Facilitate better Communication About two-thirds of workers (63%) who plan to remain with their employer say management does a good job of communicating. Sources: http://www.towerswatson.com/united-states/press/3673 http://www.mercer.com/press-releases/1418665 http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_talent_RetentionReport_091609.pdf Ultimate For more information about how UltiPro can help your organization proactively manage talent to impact business results, please visit us online at www.ultimatesoftware.com or call 800-432-1729. SOFTWARE People tre