
Thursday Oct 24, 2024
Losing Top Talent: How Organizations Can Alienate Their Most Valuable Employees, by Jonathan H. Westover PhD
Abstract: Retaining top talent is crucial for organizational success but many firms unknowingly drive away their best employees. This article examines the major reasons outstanding performers seek opportunities elsewhere when their needs are overlooked. Through a review of relevant literature and analyses of industry examples, key factors are identified that alienate top contributors, such as focusing solely on tasks while neglecting human well-being, lacking career growth pathways, not acknowledging great work, and poor communication practices. Practical strategies are then presented for cultivating an environment where top performers want to stay long-term, such as building relationships, balancing work and life, providing learning opportunities, regularly expressing appreciation, fostering transparency, and empowering skilled individuals. The consulting industry example highlights retention challenges overcome by firms attending to human needs like mentorship and flexibility. Overall, leadership must recognize talent retention as dependent on fulfilling innate human needs within the workplace.