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The Real Secret to Retaining Talent.pptx

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The Real Secret to Retaining Talent.pptx

  1. 1. The Real Secret to Retaining Talent Presented By: Saurav Panta - Roger L. Martin Rapporteurs: Bishwas Guragain Sapana Banjade
  2. 2. • In today’s knowledge economy, employees with unique skills have a profound impact on organization. • It is crucial to keep them happy. • Many mangers believes that compensation is key. But, truly talented people are not highly motivated by money. • Feeling special is more important to talents than compensation is. Introduction
  3. 3. CHALLENGE • You must treat stars like valued individuals, not like members of a group, even an elite one. • Giving talents exceptional treatment presents a risk. • The major 3 ways to show appreciation to the talents are:
  4. 4. 1. Never dismiss their ideas 2. Never block their Development 3. Never pass up the chance to praise them
  5. 5. 1. Never dismiss their ideas: Talented people invest huge stores of energy and emotion in developing their skills so they succeed at their highest level. They want input into how to apply those skills and further strengthen them. Example: Eric Yuan of Webex videoconferencing company.
  6. 6. 2. Never block their development: Enabling stars to keep growing will win their loyalty. If a star feels that his/her way forward has been barred and he/she is being made to wait for opportunity or development, he/she will take their skills to an organization where there is a clear path for them.
  7. 7. 2. Never pass up the chance to praise them: Extraordinary people spend all their time doing hard things. If they don’t get recognition, they will drift away or become resentful. Spotting when talents needs acknowledgement and appreciation and delivering it is one of main challenges for managers.

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