by Mary Ann Ireland, originally published May 19, 2009 on BayBio
We’re in the midst of a lot of change. While executives are “Navigating the Storm” in these uncertain times, managers and individual contributors are also navigating their own storms – and all this is contributing to significant workplace change, ultimately affecting the bottom line.
According to a recent Society of Human Resource Management (SHRM) article, “The inability to adapt to workplace change can decrease employees’ level of engagement and effectiveness on the job as well as put organizational productivity at risk for many organizations.”
Just as companies are re-evaluating their pipelines and reducing burn rates, top performers are re-assessing their options, managing their finances, and adjusting their expectations as they plan for their future. And some will leave. These days, top talent wants more than attractive compensation - transparency and other “natural rewards” come high on their priority list.
Continue reading "Holding on to top talent you can’t afford to lose" »
