Our Retention Programs are Inapt
Our Retention Programs are Inapt !!! Most COs complain about attrition of their Key Talent & blame their 'Retention Programs' as being inapt & ineffective. Let me first tell you a small story... A Kangaroo kept getting out of his enclosure at the zoo. Knowing that he could hop high, the zookeepers put up a 10 foot fence. Didn't matter - he was out the next morning, hoping about. So a 20 foot fence was put up. Again, he got out . When the fence was 40 feet high, a camel in the next enclosure asked the Kangaroo - "How high do you think they will go ?". The Kangaroo said .."A thousand feet, unless somebody locks the gate at night ! ". Most Corporate Retention Programs are designed like that. We keep upping the money carrot each time, yet the program cannot retain. Organisations in their hurry to create monetary Value, commoditize human resources. They tend to forget - throw money at a problem, money goes but the problem remains. Brain just like the heart loves recognition. Money albeit important can never buy employee loyalty. Recognition is a high value for every employee; that's why they leave if they feel unrecognized. Focus on locking the gate. Get your CECEC - Culture, Exposure, Connection, Engagement and Career Programs right! A Retention program may then help.