In the previous episode of Spirited Dialogue, Asanka and I discussed the challenges of talent attraction in these challenging times of the Great Resignation or the Great Introspection, and how leaders should modernize their recruiting processes and evaluate candidates as humans and not as an aggregate of skills.
In this episode, we look at the other side of talent management – retention of the existing workforce and reducing turnover. It is crucial for companies and organizational leaders to rethink and reimagine their approach to appreciating their workforce who has stuck with them through thick and thin. We explore critical areas to invest in and where leaders must spend their energy to keep the existing workforce happy, respected, and fulfilled. We also share several successful talent retention strategies that have proven to increase workforce empathy and reduce turnover rate in organizations.