Monday, January 23, 2012

Ten Top Reasons Why Large Companies Fail To Keep Their Best Talent

Having worked in a large international company for many years I can attest to these reasons because I saw it first hand in my 20 years of experience. Needless to say I did preach as did my contemporaries that these issues had to be overcome through strong leadership from the HR team. So here they are:

  1. internal and corporate bureaucracy;
  2. creating leadership opportunities for top talent to lead projects or teams; 
  3. poor performance reviews and where top talent sees and hears poorer performers getting the same reviews;
  4. no career discussions taking place at the manager level ;
  5. priorities and strategies continues to change taking the focus off talent management;
  6. micro management and telling people how to do their job taking away accountability at the talent level;
  7. top talent not having the ability to associate or work with other top talent ;
  8. not seeing the vision of the talent management process, or should I say no process;
  9. management not being open minded where top talent's ideas cannot be heard ;
  10. no knowing who the real boss is, bailing out your superiors and not getting credit.
Top talent has to assume some responsibility and it is not all one sided. HR really needs to drive the process, have the accountability and responsibility to manage the process, and work with the CEO and executive team in developing career paths for the top talent. If these reasons are not addresses, YOU lose the competitive edge in retaining your top talent and attracting top talent. 

What are your thoughts?