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The
Truth About Turnover
By
Stephen H. Lahey |
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“Discontent
is the first necessity of progress. Show me a thoroughly
satisfied person
and I will show you a failure.”
– Thomas A. Edison
Are you about to lose a marketing
superstar to the competition?
It’s a good question to consider. Marketing superstars
are restless, ambitious achievers with big dreams. Top
players set high standards for themselves and, spoken
or unspoken, for the people who lead them. When things
are not going particularly well, they often become open
to outside influences. (Yes, these “outside influences”
include recruiters.) With
that said, no recruiter ever kidnapped a candidate.
What really motivates superstars
to leave? Simply put, they tend to leave because they
are significantly discontented.
That may sound negative. But I can tell you with confidence
that in the absence of strong discontent, top players
normally won’t take the risk of leaving their
company – often despite some very tempting opportunities
.
So, while both play a role in
turnover - pain is consistently a bigger motivator
than gain.
Is there some way to inoculate
your best players against this?
No. But there is one approach that comes close.
Here's an illustration.
About two weeks ago, I was referred to a strong candidate
whom we’ll call “Susan” (not her real
name). In the course of our conversation, Susan described
some of her experiences over the past five years with
a very powerful, yet troubled, CPG company. Despite
facing some pretty daunting adversity, she maintained
this perspective: She worked for the “best boss”
she could imagine, “learned a lot from her,”
and felt that this was such a valuable developmental
opportunity that she couldn’t afford to leave.
Susan even described, in detail, the way that her boss
“fought” to get her promoted.
My point? If you want to retain
star players, you must invest the time and energy required
to become their trusted mentor - to guide them, to draw
out their real career concerns, and to be their advocate
on an ongoing basis. If you
do these things consistently over time, they will rarely
interview someplace else (at least not on your watch).
If you're wondering if all this
work is really worth it, know this: Your R.O.I. for
the time and energy you invest in your best players
may go well beyond just retaining them in the short
run. There are other potential
benefits. For example, as you build a reputation as
an exceptional mentor, you may become the boss that
the up-and-coming superstars within your company seek
out. Some day, if you should choose to leave your company,
you’ll also be better positioned to entice your
top players (and/or the top people within their networks)
to join your new team. I
regularly see both of these situations play out - creating
career advantages for everyone involved.
One last thought.
You have far more influence over retention and turnover
than you might imagine. In large part, it's your decisions,
your actions (not those of recruiters or anyone else)
that determine whom you'll retain or lose. So,
reach out to your best people. By making a difference
in their careers - you may be making an even bigger
difference in your own.

Lahey Consulting
is a specialized search firm. We recruit and place
brand management and marketing professionals (from
associate brand manager to executive level) within
consumer products companies throughout the United
States.
Lahey Consulting,
LLC
P.O. Box 395
Delmar, NY 12054-0395
www.laheyconsulting.com
info@laheyconsulting.com
Voice: 518-439-4285
Fax: 518-439-5795
Copyright © 2005 Lahey Consulting, LLC.
All rights reserved.
(However, you may reproduce this article if you
include this copyright information and our web
site address: www.laheyconsulting.com)
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