Workers have undeniably gained the upper hand in the employee-employer relationship. Many businesses are struggling to retain key members of their workforce, while employees are weighing their options and refusing to settle for dead-end jobs or subpar paychecks.
As a result of this shift in power dynamics, most leaders are now asking themselves the same question: what’s it going to take to hold on to high-performing employees in the new world of work? Although there’s no one-size-fits-all solution, there are a few initiatives that can be prioritized as safeguards against the Great Resignation, and talent development has earned a spot at the top of that list.
When organizations actively strive to help their people achieve their fullest potential, their employees won’t be likely to jump ship for something better. Consequently, talent development can become your secret weapon for improving attrition, but not all approaches are created equally. So, what can you do to upgrade your talent development strategy and harness it to help you boost retention levels?