What’s the biggest HR concern for companies right now? If you
listen to all the news reports, you’d think their top priority
is cutting staff.
Not so, according to a study by The Hay Group. Companies’ biggest
concern – all the layoffs notwithstanding -- is retaining
top talent.
There’s no conflict here, of course. As staffs
get leaner, quality becomes more and more important. But there is
a danger of sending mixed signals to your employees: Yes, we love
you. Yes, we want you to stay. Sorry, we had to lay off your colleagues.
For HR managers, these are challenging times indeed.
On the one hand, it’s tough to take care of your top performers
while everyone else is asked to share the economic pain. On the other
hand, if you treat everyone the same, top performers will likely
be the first ones to jump ship. You can try to thread the needle
with non-economic rewards, but they only go so far.
What are you hearing from your management? Are they more focused on
laying people off or keeping them aboard? Are they trying to do both
at the same time? How successful are they? Leave a comment and let
us know.
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