6 Steps To Retain Talent

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  • 6 Steps To Retain Talent

    1. 1. It’s not ALL bad news – Many Employees Plan Not to Retire… <ul><ul><li></li></ul></ul>At what age do you plan to retire? Source: The New Employee/Employer Equation , The Concours Group and Age Wave, 2004
    2. 2. Cutting Back Has New Meaning: Cyclic – or Project-Based – Work Preference for working after “retirement” Source: The New Employee/Employer Equation , The Concours Group and Age Wave, 2004
    3. 3. <ul><li>‘ Retire Retirement’ – create bell-shaped career curves </li></ul>Six Steps to Become More Attractive to Experienced Mature Workers – Step 1
    4. 4. Traditional Retirement: Plummeting from the Peak of Power and Prestige 20s 30s 40s 50s or 60s
    5. 5. The Shape of Careers to Come: “Down Shifting” for Continued Contribution 20s 30s 40s 50s 60s 70s 80s Career Development Career Deceleration Source: Workforce Crisis: How to Beat the Coming Shortage of Skills and Talent by Dychtwald, Erickson, and Morison, April 2006
    6. 6. 2. Use succession, redeployment, and job matching systems well in advance to take a wider view of potential assignments for returning or downshifting workers Six Steps to Become More Attractive to Experienced Mature Workers – Step 2
    7. 7. <ul><li>Align the mature worker with the position, which may include new responsibilities and new management styles You will be exploring placing people in unfamiliar roles – job matching is essential for success. </li></ul>Six Steps to Become More Attractive to Experienced Mature Workers – Step 3
    8. 8. <ul><li>Tap into the experience and management potential in mature workers. Maturity is invaluable. Be careful not to rely on out-dated and subjective practices. </li></ul><ul><li>Source: Beazley, et. al, Continuity Management, Mackay, Alan. “Mature Age Workers: Sustaining Out Future Labor Force.” </li></ul>“ 19% of the entire American workforce holding executive, administrative & managerial positions will retire in the next five years” Six Steps to Become More Attractive to Experienced Mature Workers – Step 4
    9. 9. 5. Ensure managers are ‘age blind’ – reaching out to all age groups in the new blended workforce Six Steps to Become More Attractive to Experienced Mature Workers – Step 5
    10. 10. <ul><li>Use all available resources to understand how to communicate and relate to the future’s highly diverse workforces Mature workers have a strong need to better understand their younger counterparts. Assessments provide much of this needed information. </li></ul>Six Steps to Become More Attractive to Experienced Mature Workers – Step 6
    11. 11. The question is not, “ Is my organization facing an aging workforce crisis?” The real question is, “ Am I ready for it?”
    12. 12. Agenda <ul><li>The Aging Workforce / The Workforce Crisis: Why all the fuss? </li></ul><ul><li>7 Steps to increase attractiveness to young workers </li></ul><ul><li>6 Steps to become more attractive to experienced mature workers </li></ul><ul><li>Using objective data to understand and manage a highly diverse workforce </li></ul>
    13. 13. Timothy Butler & James Waldroop “ Job Sculpting” Harvard Business Review September-October 1999 “ In these days of Talent Wars, the best way to keep your stars is to know them better than they know themselves - and then use that information to customize the career of their dreams”
    14. 14. There are two ways to do this <ul><li>Observation </li></ul><ul><ul><li>Time Consuming </li></ul></ul><ul><ul><li>Expensive </li></ul></ul><ul><ul><li>Highly Subjective </li></ul></ul><ul><li>Assessments </li></ul><ul><ul><li>Quick </li></ul></ul><ul><ul><li>Inexpensive </li></ul></ul><ul><ul><li>Highly Objective </li></ul></ul>
    15. 15. The Profiles Solution <ul><li>The ProfileXT </li></ul><ul><li>CheckPoint 360° </li></ul><ul><li>Profiles Performance Indicator </li></ul><ul><li>Profiles Team Analysis </li></ul><ul><li>Workforce Compatibility Profile </li></ul>The Profiles Solution uses these assessments to identify your current reality and chart the course for future strategies.
    16. 16. The Profiles Solution <ul><li>Serving over 40,000 clients, Profiles International has provided assessment-based solutions that have proven to reduce the impact of the current workforce crisis. These solutions are critical components to organizations as they strategically plan to not only survive, but to thrive in the near and long-term future. </li></ul>

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