Transcript
Page 1: Retaining Top Performers - webinar

Retaining Top PerformersRetaining Top Performers

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Madonna RileySr. Corporate HR Specialist• PHR Certified

• Extensive experience in management and administration of human resources functions, including recruitment, hiring and retention

• Part of the pre-opening team of Houston’s biggest and most prestigious hotel, the Hilton Americas, organizing a three-day job fair that resulted in nearly 500 hires and overseeing the successful mass hiring and orientation of nearly 900 team members

• Received the 2006 Asian Pacific-Islander American Outstanding Employee award in recognition for serving her company and community

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AgendaAgenda

• Workplace Trends• Why Employees Leave• Retention Strategies

• On-Boarding• Performance Management• Employee Relations• Training and Development• Compensation and Rewards

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Workplace Trends• Diversity• Generational Differences• Shrinking Labor Force• Technology• Demographic Trends• Change in Priorities

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Why Employees Leave

• Poor working conditions • Lack of appreciation • Lack of support• Lack of opportunity for advancement• Inadequate compensation

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Retention Strategies

• Environmental• Relationship• Support• Growth• Rewards

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Retention Strategies: On-Boarding

• Continues past traditional orientation programs

• Leadership assessment, development and coaching

• Business process

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Retention Strategies: On-Boarding

• Promotes early employee engagement• Can learn best practices from other

organizations• Gain fresh view of business landscape

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Retention Strategies: On-Boarding

• Detailed and relevant company information– Marketing materials– Employee handbook– Benefits information

• Customize employee package– Welcome letter– Job description

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Retention Strategies: On-Boarding

• Be prepared– Inform staff– Welcome sign– Set-up work area– Tools and supplies– Paperwork– Schedule training

• Email agenda

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Retention Strategies: On-Boarding

• Consistent application to all new employees• Take advantage of enthusiasm• Positive experience• First day on the job• Spread out over a number of days• Three-step process

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Retention Strategies: On-Boarding

• Welcome and introductions• Site tour• Mentor / “Buddy” system• How things are done• Administrative issues• Do not cram information

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Retention Strategies: On-Boarding

• Department structure• Functional responsibilities and accountabilities• Team / Department expectations• Role in team’s and company’s success• Career paths and opportunities

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Retention Strategies: On-Boarding

• Mission, Vision and Values• Organizational goals and strategies• Successes• Competitors• Company culture• Policies and procedures• Terminology

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Retention Strategies: On-Boarding

• Longest stage• Provide ongoing care and sense of security• Monitor performance against role

expectations• Demonstrate commitment• Extend stage until employee’s first year

anniversary

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Retention Strategies: Performance Management

• Monitors results• Evaluates performance• Determines achievement of goals• Must be well-designed• Can be a problem if not done right

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Retention Strategies: Performance Management

• Identifies strengths and weaknesses• Aligns goals• New ideas and improved methods• Accurate employment- and compensation-

related decisions• Minimize risks of discrimination, equal pay,

and wrongful discharge claims

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Retention Strategies: Performance Management• Essential functions and qualifications• Observable and measurable goals• Emphasize the positives• Review goals and expectations; ensure

understanding• On-going

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Retention Strategies: Performance Management

• False sense of comfort• Perceived as adversarial• Promote biased opinions• Poor morale• Legal complications

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Retention Strategies: Employee Relations

• Develop the boss– Management By Wandering Around (MBWA)– Working side by side

• Listen / Communicate– 50/50 meetings– Exit interviews

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Retention Strategies: Employee Relations• Respectful work environment• Work / Life Balance

– Non-work priorities– Work scheduling options

• Corporate responsibility– Meaningful company mission– Giving back to community

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Retention Strategies: Training and Development• Needs assessment• Management support• Personalize• Effectively budget training• Monitor completion

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Retention Strategies: Training and Development

• Succession planning• Mentoring• Increase job satisfaction and morale• Competitive edge

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Retention Strategies: Compensation and Reward

• Beyond straight salary• Align rewards with performance • Measure• Track• Comply with government regulations

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Retention Strategies: Compensation and Reward

• Incentive plans• Benefits package• Employee recognition• Use creative rewards and recognition

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Retention Strategies: Why Your Organization Needs It

• Attract best available talent • Retain top performers• Reduce turnover• Create competitive advantage• Become employer of choice in

market space

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Question and AnswerQuestion and Answer

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Thank YouThank YouG&A Partners is a Houston-based HR and administrative

services company that manages human resources, benefits, payroll, accounting and risk management for growing

businesses. G&A maintains offices in Houston, Dallas, San Antonio, Austin, College Station, Corpus Christi, Chicago,

Arizona and Utah. For more information about the company, visit www.gnapartners.com or call 713.784.1181


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