By Morgan International Staff Writers
Talent Poaching is a big issue for organisations. If you hire the best and then train them to be even better, it is no surprise that another business comes along to try and steal those people away. Not only have you invested a lot in them, they have a huge amount of intrinsic knowledge, and worse, know-how that you do not want your competitor getting access to. Even if your organisation is extremely cash rich, you can’t end up in high stake bidding wars every time an employee threatens to leave.
So the big question is, how can you make your organisation a place that people want to stay, where it is not all about the money?
- Share a vision
Nike’s vision is to “Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)” For the Alzheimer’s Association it is “A world without Alzheimer’s disease.” Whilst very different visions, they are both powerful messages – they have a clear direction that people can get behind and feel part of. The vision must be authentic and it must be at the centre of everything the organisation does. It should be almost like a membership card that employees are carrying around – their commitment to delivering upon that vision every day.
- Give employers power
People want to feel that they have responsibility for achieving something, and that the results are clear for all to see. Get people involved, give them something that they need to deliver. Make people accountable and give them a reason to care. You need them to feel a commitment to what they are doing at the organisation – that they are important and integral.
- Have a stand out culture
Organisational Culture is that really hard to define, intangible set of characteristics that bind employees together. You can’t create a culture overnight. It grows organically and should be nurtured. Culture is important because when it is strong within an organisation, it can provide a sense of belonging that makes employees reluctant to leave.
There will always be turnover within any organisation and it is important to have renewed ideas coming in to promote innovation. However retaining the best talent is a priority for most businesses. We have shared some top tips to avoid poaching, but it is also useful to take advice from an HR professional who can devise retention strategies.