Retaining your best performing employees can often be more challenging than hiring them. For businesses to grow, it is important to retain the people who contribute towards it. In this presentation, I cover 3 essential questions to ask yourself to arrive at an answer. View more of my presentations and videos here - https://vimeo.com/maureeneoconnell

2. Introduction
 Retaining your best performing employees can often be
more challenging than hiring them.
 For businesses to grow, it is important to retain the
people who contribute towards it.
 In this presentation, I cover 3 essential questions to ask
yourself to arrive at an answer.

3. 1) What is Your Talent Strategy?
It is crucial to create a talent strategy which aligns with the goals
of your business. Below are the most important areas you should
address
 Portfolio of knowledge, skill and experience your business
requires today and in the foreseeable future
 Type of training programs required to keep skills updated
 Metrics to check the effectiveness of training programs and
overall performance.
 Ways to distinguish your business from competition to attract
superior talent and give them a reason to stay

4. 2) Your Company V/S The Competition
 Better salary packages and designations are bound to
turn your employees heads which is unavoidable.
 However apart from these two aspects, organizational
culture also plays a crucial role in a person’s decision
making process.
 Consider what your company offers better than its
competition.
 Analyze past attrition and retention trends to identify
problem areas and block the leak.

5. 3) What Are Your Main Retention Levers?
For a lower attrition rate, here are some of the benefits you
should offer your employees.
 Clear career progress path & fair measure of job security
 Increase in salary and incentives proportionate to
performance
 Supervisors who possess integrity.
 Management that reinvents the business in response to
changes in the market to present them the best opportunities
to learn and grow

6. To Conclude…
 You are only as good as your team.
 If you can effectively instill in your team a sense of
worth – that they are making positive contributions to
the company’s progress and are appreciated for it –
that will be the most successful talent retention
factor of all.
 It will keep them committed and involved, making
your business their business.

7. Maureen O'Connell
Maureen O’Connell is the current Executive VP, CFO and
CAO of Scholastic Corporation. When not working,
Maureen loves running, Skiing, Scuba Diving or
Travelling.