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Speaking at an Inspiredleaders seminar entitled "Winning Talent Wars," David Brady, managing director of Kepner-Tregoe Ireland, said that top talent is still scarce. He also explained that in a recent study of 4,000 managers and staff from Fortune 500 companies, 56 percent of respondents did not cite money as one of the main reasons for high-performing employees leaving companies.
Brady added that it is important for companies to show that positive consequences will flow to employees from their own positive behaviour.
Other speakers at the seminar, which was organised by UK-based Inspiredleaders and sponsored by Avaya Ireland and ElectricNews.Net, were Phil Blackburn, managing director of Inspiration Group; Jane Teasdale King, human resources director for Stepstone; and Eirco Web Services managing director Sharon Kennedy.
Kennedy said it was important to remember that employees want tangible performance recognition -- this can include items like directors' chairs for the office, mobile phones and other gadgets.
King noted that it is important to hire people for their attitude and then train them for their skills, and that it is important to write copy correctly when phrasing a job advertisement to make sure that the right candidates apply.
Blackburn said that it is important to realise that Generation X and Y employees may not fit into the way in which an organisation is run, and that companies might need to consider altering their culture.
All of the speakers agreed that employee incentives such as share options are no longer a consideration in trying to attract and retain employees. "The market has changed," said King. "Share options used to be important, but they are not now."
But the availability of e-working is an important incentive, according to Avaya Ireland Managing Director John McCabe. These flexible ways of working are important in attracting and retaining employees, he said, and noted that many of Avaya's employees are already e-workers.
More information is at http://www.inspiredleaders.com.
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