Retention

Retention of excellent employees is one of the most important challenges in organizations today. Employees are assets. The outsourced economy is here to stay. As a leader, you may not relish the idea of outsourcing. However, the reality is that you may soon need to. When that happens, you will want a workforce that is nimble, adaptable, and prepared to participate in your organization at a new level of competitiveness. Conversely, your smartest employees right now are developing the skills necessary to be free agents. These motivated, talented people are the last ones you can afford to lose.

Organizations that partner with their employees and recognize employees as assets will retain those employees when they have the opportunity to become free agents. It means creating the kind of place where knowledge workers want to work with you, not for you. This economy requires employees who are capable, committed partners, who share your business objectives and have a stake in helping the company remaining competitive.

As employers, you need to develop a radically new relationship with the people you invite to join you in your enterprise. If you relate to those you pay as assets rather than expenses, you might find yourself asking different questions of these people, and taking different actions toward them. This is the radical shift HRBP is recommending. Let HRBP help develop for your company guiding principals and practices for your Employee as Assets Program.