Companies lose millions of dollars a year because of employee disengagement. Your company does NOT have to be one of them. Disengaged employees and a high turnover rate, impact your business' productivity, level of innovation, and ultimately the bottom line. The American Society for Training & Development (ASTD) has published a study exploring how workplace learning affects employee engagement levels with the following data:
Every relationship involves a honeymoon/infatuation stage. Although we most often think of the notion of ‘honeymoon’ in regard to romantic relationships, the concept also applies to the workplace. After all, new employees experience a honeymoon phase.
Here’s a little story*. Recently, we hired Elizabeth. After the manager Paul made the offer, HR called Elizabeth to arrange her orientation, being very careful to consult Paul because, as always, we want and need the manager to participate throughout the onboarding process.
Sometimes you just do, don’t you?
“Say that one more time and I’ll send you to the moon.”
“Miss another meeting and you’re dead meat!”
“You may think that’s cute. I think it’s childish. Grow up.”
We’ve identified the rolling talent deficit and talked about how to measure it, but what is the real impact to your organization? In short, it hurts your employment brand and your ability to recruit in the future.
In my last post, I started by defining the time frame. This is crucial because all organizations need an efficient recruiting methodology that can continually source and make talent available for the organization. As the saying goes, you are only as good as your last hire.
In my last post about the rolling talent deficit, I talked about the problem of having unfilled positions month after month. After a while, this cycle takes its toll on an organization and can lead to an almost insurmountable backlog of unfilled jobs. How do you know if you’re running in a talent deficit? Below is an easy method for determining your level of deficit today and the rolling effect it will have in the future.