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Develop an Effective Talent Retention Plan

Keep talent from walking out the door by discovering and addressing moments that matter and turnover triggers.

  • Regrettable turnover is impacting organizational productivity and leading to significant costs associated with employee departures and the recruitment required to replace them.
  • Many organizations focus on increasing engagement to improve retention, but this approach doesn’t address the entire problem.

Executive Summary

Critical Insight

  • Engagement surveys mask the volatility of the employee experience and hide the reason why individual employees leave. You must also talk to employees to understand the moments that matter and engage managers to understand turnover triggers.

Impact & Result

  • Build the case for creating retention plans by leveraging employee data and feedback to identify the key reasons for turnover that need to be addressed.
  • Target employee segments and work with management to develop solutions to retain top talent.

Research & Tools

1. Analyze the cost and impact of turnover

Assess turnover data, prioritize employee segments, and engage key players to establish goals and metrics.

2. Identify reasons for regrettable turnover

Analyze why employees join, stay, and leave your organization to identify common themes and employee needs.

3. Select solutions and create an action plan

Select and prioritize solutions to address employee needs and plan to launch stay interviews and implement solutions.

Workshop

Engage McLean & Company facilitators to lead your team through the Develop an Effective Talent Retention Plan online workshop.

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