Back in March I attended the Training Industry Inc, Future of the Workforce Conference, and had the pleasure of attending the session led by Sonia Malik @ IBM. Sonia presented on automation, the future of work, and building a skills revolution inside of IBM – her presentation was informative and very relevant for learning organizations today. If you are interested, you should check out the recording here. But I digress.
Everyone has heard the old saying “practice makes perfect,” but what is perfect? The textbook answers for perfect is ‘having all the required or desirable elements. Qualities, or characteristics; as good as it is possible to be.” Perfect is relative; one person’s perfect won’t necessarily be the same as someone else’s. It is nearly impossible always to be accurate, but that doesn’t mean you can’t be an expert. So the question is, what is mastery?
Show me the money! That is what employees are all about and what keeps them with you right? Well, not exactly. In fact, most employers will tell you signing bonuses, raises, and other financial incentives alone do NOT improve retention in the long term. So what do you do to keep employees? Understand the incentives that mean the most for the workforce and design an employee value proposition around them.
Our current U.S. education and training system is not creating the talent pipeline necessary to meet the hiring demands for skilled trades labor. The current workforce is quickly retiring at a much hire rate that the number of newly created talent. Desperate to fill positions, the wrong people get hired, they lack the skills necessary for the job, there becomes a training burden, and they ultimately quit.
After decades or leading a variety of organizations, particularly during change, with the expectations of optimizing and growing “business” and inherently retaining, reorganizing, and/or rebuilding the talent within the organization, it’s clear there is no one right answer to the challenge of retaining and growing talent across an organization.