Recruiting, Developing, and Retaining Talent © Flourish Talent Management Solutions 2 © Flourish Talent Management Solutions Turnover in the nonprofit sector will increase from 16% to 19% this year Source: Nonprofit HR 2015 Employment Practices Survey Results 3 © Flourish Talent Management Solutions Most Common Reasons Rewards/Recognition Career Development/Growth Culture Issues/Fit Manager Issues Job Fit 4 © Flourish Talent Management Solutions Talent Management Strategy A holistic, purposeful approach that optimizes organizational talent to ensure impact, by shaping culture and refining all people processes 5 © Flourish Talent Management Solutions What is Your Value Proposition? 6 © Flourish Talent Management Solutions CULTURE Rewarding Attracting Engaging Developing Motivating 7 © Flourish Talent Management Solutions 8 Attracting Employer Brand Engaging Social gatherings Exposure to leadership (informal and formal) Flexibility Policies Motivating Performance management and feedback Clear paths of progression Celebration of victories Developing Shadowing Coaching and training Stretch assignments Rewarding Benefits Positive reinforcement Acknowledgment of outside-of-work priorities © Flourish Talent Management Solutions Communicate often – and through multiple media 9 © Flourish Talent Management Solutions Manage performance actively: give feedback, reward, and develop 10 © Flourish Talent Management Solutions Show Your Dedication to Talent Management 11 © Flourish Talent Management Solutions Actively monitor engagement 12 © Flourish Talent Management Solutions “The creativity and flexibility of our boss allowed us both to balance family and work. We are tremendously grateful and loyal employees.” While I would definitely appreciate a raise, I would not leave just to get one. The reason is that I feel rewarded in many other, less tangible ways. I’m rewarded by the actual work I do and by the appreciation the boss always shows… “The pay was good. The location was great. But I knew I could do much more. They wanted me to keep doing what I was doing. So I left.” “[My boss] listens to me…I feel understood…. Because of [the trust we have built], we are more creative, take bigger risks, push the boundaries, and accomplish amazing things…. Nothing could entice me away from this job.” Actual quotes from employees as noted in the book Love 'em or Lose 'em: Getting Good People to Stay (Beverly Kaye) 13 © Flourish Talent Management Solutions 14 © Flourish Talent Management Solutions Pratichi Shah Flourish Talent Management Solutions [email protected] 15 © Flourish Talent Management Solutions
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