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All About Succession Planning in Libraries Panel Discussion sponsored by
Retention Strategies Debbie Schachter June 15, 2009 SLA 2009 Washington, D.C.
What is Retention? ,[object Object],[object Object]
Why Should We Care About Retention? ,[object Object],[object Object],[object Object],“ Human Capital is the Last Major Source of Competitive Advantage” Managing Talent Retention: An ROI Approach
Why Should We Care About Retention? ,[object Object],[object Object],[object Object],[object Object],* 2008 Global human resources (HR) risk: from the danger zone to the value zone
Why Should We Care About Retention? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Why Should We Care About Retention? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Do Employees Want ?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Today’s Economic Challenges ,[object Object],[object Object],[object Object],[object Object]
Role of Retention in  Succession Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Retention Strategies in  Response to Economic Challenges ,[object Object],[object Object],[object Object],[object Object],[object Object]
Examples of Retention Activities ,[object Object],[object Object],[object Object]
Expectations of Younger Workers ,[object Object],[object Object],[object Object],[object Object]
Induction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Info Professionals  Can Do ,[object Object],[object Object],[object Object],[object Object]
Thank You ,[object Object],[object Object],[object Object],[object Object]

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Succession Planning in Libraries: Debbie Schacter Presentation

Editor's Notes

  1. Retention: HR strategy for maintaining staff or reducing turnover… Talent Management: Identifying key positions and star individuals within an organization “the right people are positioned in the right places and utilized to the fullest potential for optimal success of the organization”.
  2. Survey conducted of Fortune 1000 companies
  3. High financial cost - direct and indirect costs The very Survival of the organization based on the talent in house Productivity losses & workflow interruptions Service quality Loss of expertise Loss of business opportunities Administrative problems Disruption of social & communication networks Job satisfaction declines for remaining organizations Image of the organization
  4. How are employees fulfilled? What are the drivers for remaining with or departing an organization Motivating factors: lack of career opportunities; lack of authority; lack of challenge; lack of reward; lack of recognition or feedback
  5. See Academy of Management Journal April 2008 - layoffs lead to large increase in voluntary turnover…
  6. Survey long time employees to find out why they enjoy working at the organization; build on that