Monday, June 14th, 2010

TOP PERFORMERS WILL LEAVE AS ECONOMY STARTS TO IMPROVE

When the economy improves, you will lose some of your top performers.  Since the fall of 2008, I have been talking with firm leaders about the importance of communication and caring in dealing with downsizing their staff.

You assured your Superstars that their jobs were safe.  Then, they watched as you dealt with the Middle Stars and the Falling Stars.  If they didn’t approve of how it was handled, if they did did not receive adequate communication on the “state of the firm” as 2009 evolved, they filed it away for future reference.

This week, according to Christopher Leonard and Christopher S. Rugaber (AP), people are quitting their jobs.

One sign of better economic times is when more people start finding jobs.  Another is when they feel confident enough to quit them.

The government reported this week that the number of people quitting rose in April to nearly 2 million.  During the depths of the recession workers were hesitant to quit.  Many clung to their jobs out of fear.  Not so much anymore.

Read the entire article, More Employees Jump Ship as Economy Improves.

How are you feeling about your good (great?) performers this summer?  Have you redirected SOME of your focus back to making your people happy, showing them you care about them and their careers?  Have you researched any of the new trends in mentoring and career progression, like career lattices rather than ladders?

What are you waiting for?

  • "Once you learn to quit, it becomes a habit."
  • Vince Lombardi

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