As a small to mid size Austin CEO, business owner, VP or team leader, what more could you be doing to minimize your turnover in this very tight market? Is your workplace culture mindful of your high performers needs and wants? Rising stars, millennials and those up and coming family members need challenges, and want to acquire new knowledge. Would you willingly spend $5,100 a year for two years to keep a rising star? When the likes of SHRM shares it cost upwards of $50,000 to replace a $80,000 manager, supervisor or individual contributor, I would. What if we’re talking in the range of $120,000 to $150,000?
A couple or questions for you to consider:
- Are you or have you ranked your team in the past 12 months?
- Who’s the best, most qualified L1, manager, or team leader?
- Whose the least effective?
- Who’s the most qualified individual contributor?
- What have you or are you doing to keep that individual focused on your company, your vision or their career advancement?
At the end of the day, we need “A” players on our teams thus generating a cohesive workplace environment that rewards “extraordinary” performance.
We at Vistage Worldwide believe we have another option for your consideration to retain top talent. We are piloting a 2-year learning lab (every other month – one full day) for your high performers (class size from 20 to 30). We have identified 12 leadership competencies that will energize your middle management within your organization. If interested, please read more via this link and email or have your admin call me if you want to have a deeper dive into securing a seat around our table in developing and expanding your leadership team.
VistageAustin Emerging Leader Program https://edstillmantx.com/emerging-leaders/