Career insights: Four strategies for retaining top talent

Retaining employees during the ‘Great Resignation’

We are in the midst of an extraordinary period of change in the talent market. The “Great Resignation” is a phenomenon that is impacting every sector and level of talent and is leading to fierce competition for leaders. As a recruiter focused on the nonprofit sector, I see the effects of this situation in my daily conversations with candidates and hiring managers. Candidates are in demand and talented leaders are very open to new opportunities. Hiring managers are losing team members and facing very difficult searches to replace them at a higher rate than ever.

According a September 2021 report from McKinsey, record numbers of employees are quitting or thinking about leaving their jobs: 40 percent of employees said that they were at least somewhat likely to leave their current job in the next three to six months, and 53 percent of talent management professionals reported greater voluntary turnover than in prior years.

It’s critical that managers and leaders understand what’s driving this trend and take steps to retain talent. Here are four things you can start doing right now to help ensure that your top performers stay with your organization and remain engaged....

Read the full column article by Molly Brennan, founding partner at executive search firm Koya Partners.

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